When you turn on Wise Interest or Stocks, you’re investing in units in a fund. If you’re a Swedish tax resident, this means you may need to pay income tax and capital gains tax.
Capital gains tax can become due when you dispose of units in the fund and you realise a gain. In other words, when you spend, send, convert or move money to another account.
Income Tax may also be due if your income from all sources exceeds your personal allowance. Income tax is based on an annual deemed return on investment — calculated based on the fair market value of the fund units you hold on 1 January.
Filing a tax return
Swedish tax residents are generally required to file a tax return if they have untaxed investment income.
You can find more information on the Swedish Tax Agency website.
If you're a sole trader using Interest or Stocks passively, the guidance above also applies to you.