Stocks is available in Denmark but Wise Interest isn’t. Find general guidance about taxes when using Wise Interest or Stocks.
When you use Stocks, you’re investing in units in a fund. If you’re a Danish tax resident, this means you may need to pay capital gains tax.
Capital gains tax
Capital gains tax will become due each year under the mark-to-market principle. This means that the annual gain or loss on the investment is calculated and taxed even when the investment is not sold. An annual calculation of the change of value from the beginning of the year until the end of the year or until a sale during the year must be made as the basis for calculating the taxable gain.
The Stocks fund Wise offers is considered a bond based investment for Danish tax purposes.
Filing a tax return
You may need to report your capital gains from using Stocks in an annual tax return.
You can read more about how to submit your tax return on the website of the Danish Ministry of Taxation (SKAT).