Find general guidance about taxes when using Wise Interest or Stocks.
If you have questions about your taxes or filing a return — speak to a qualified professional. Wise can’t give you advice on your personal tax situation, and this article is meant for information purposes only.
When you turn on Interest or Stocks, you’re investing in units in an investment fund. If you’re a Swiss tax resident, this means you need to report all of your worldwide income and net wealth in your personal Swiss income and wealth tax return.
You may also need to pay income tax on deemed income, and wealth tax on the assets you hold, while private capital gains are generally tax-free in Switzerland.
Capital Gains
Private capital gains that come from sales of movable assets are generally not taxed at the federal level, or at the cantonal level. So potential profits from the sale of your fund units should be considered tax-free. This should generally be the case, unless you qualify as a professional securities dealer, or hold the assets as part of your business assets.
Deemed Income (interest and dividend distributions)
All the accumulated income (dividends and interest) received from the investment fund is taxed as ordinary income. It should be declared as ordinary income in the personal income tax return.
Information on taxable yield per unit is included in the tax return in 'Kursliste published by the SFTA (ICTax — Income & Capital Taxes).
The distribution or accumulation of capital gains realised by the funds is not subject to income tax provided that the accumulation/distribution of capital gains is stated and conducted separately from the taxable income.
Net Wealth Tax
A net wealth tax is levied on a cantonal and communal level. A tax resident in Switzerland is subject to net wealth tax on the entire worldwide moveable assets they hold. Tax rates vary, depending on the canton and municipality where the taxpayer lives.
You can find the net asset value as of 31 December of the investment fund that must be declared in the tax return 'Kursliste' of the Swiss Federal Tax Administration (ICTax — Income & Capital Taxes) or in your tax statement.
Where can I get more information about how to submit a tax return?
Swiss tax residents need to report their realised income and net wealth in their annual personal income and wealth tax return.
The filing deadline and process for filing the the tax return is different depending on the canton of tax resident.
How do I get the data to report the income on my tax return?
To find out how much income you received using Interest or Stocks, you can download a tax report from your account.
To do this:
Go to your account settings via your name in the top corner
Select Statements and reports
Select Tax statement and Request tax statement
The taxable yield per is in the tax return in the 'Kursliste' published by the SFTA (ICTax — Income & Capital Taxes).
What information will the tax statement show?
The tax statement will show:
the ISIN and country of the fund
amount of holding
net asset value of the fund units held
interest or dividend received and accumulated
fees charged