Find general guidance about taxes when using Wise Interest or Stocks.
When you turn on Wise Interest or Stocks, you’re investing in units in a fund. If you’re a Netherlands tax resident, this means you may need to pay income tax.
Netherlands income tax is levied on three ‘boxes’ of income, with each box having its own rules to calculate taxable income.
Deemed earnings from ‘Interest’ are likely to be taxed in Box 3 — ‘income from savings and investments’. Income tax is based on an annual deemed return on investment, calculated based on the fair market value of the units held on 1 January.
Wise will provide you with the fair market value for each relevant tax year. You’ll find this in your yearly tax report — see Understanding taxes when using Wise Interest.
Filing a tax return
Netherlands tax resident individuals may need to submit a Dutch personal income tax return for the relevant financial years with the Dutch tax authorities.
You can find more information at The Dutch Tax and Customs Administration website.
If you're a sole trader using Wise Interest passively, the guidance above also applies to you.