Based on your country’s tax laws, you may be required to declare your income earned through Mintos and pay taxes. As tax laws vary in each country, please consult the competent tax authority or a tax advisor in the country of your tax residence for more specific information.
Depending on the type of investment, we may be legally required to withhold a part of your income for tax purposes based on applicable tax laws:
- Investments in Notes and Fractional Bonds
When private individuals invest in Notes or Fractional Bonds, we are legally required to deduct a withholding tax from their income, depending on their country of tax residence. The withholding tax is automatically deducted from your interest income as soon as it is received in your Mintos account. You may be able to reduce the applicable tax rate by confirming your tax details or providing a tax resident certificate. When you declare taxes in your country of tax residence, you can usually reduce the total tax payable by the withheld amount, so your effective tax rate will be the same as it would be for investments in claims. Therefore, there should not be a situation where you will be double-taxed. Please note that no withholding tax is deducted for legal entities. Learn more about tax withholding
- Investments in loans by means of assignment agreements (claims)
Please note that Mintos is not obliged to and does not withhold any taxes on income earned from investments in loans by means of assignment agreements (also known as claims). This means that you receive the full amount of income from your investments (gross basis) and are required to pay taxes based on the legislation of your country of tax residence. Learn more about claims
- Investments in ETFs
You receive the full amount of income from your investments (gross basis) in ETFs and are required to pay taxes based on the legislation of your country of tax residence. Please note that Mintos is not obliged to and does not withhold any taxes on income earned from investments in ETFs. Learn more about ETFs.
You can use the following resources to declare your income earned through Mintos:
- Tax report
For the year 2022, we provide a PDF tax report that fully reflects the implications of investing in Notes. Older reports on your income from investments in claims are also available. Learn more
- Account statement
Any transactions made on your Mintos account will be reflected on your account statement. You can search through entries from recent years, while account statements from previous years can be downloaded in a single file.
- Personalized statements
If your country’s tax laws require you to submit a specific document, such as an account ownership confirmation or a statement of your account balance for a particular date, please contact our support team. We would be happy to assist you.