Read more about the general guidance about taxes when using Wise Interest or Stocks.
When you turn on Interest, you’re investing in units in a fund. If you’re a Hungarian tax resident, this means you may need to pay income tax.
Income tax can become due when you move money you hold as Interest — through spending, sending, converting or simply moving money to another account.
Filing a tax return
As a Hungarian tax resident, you’re required to report income from Interest in your annual tax return.
You can find more information at the Hungary tax administration website, Nemzeti Adó- és Vámhivatal.
If you're a sole trader using Interest or Stocks passively, the guidance above also applies to you.