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 loans by means of assignment agreements
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 (the so-called “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.
- Investments in Notes
When private individuals invest in Notes, 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 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
You can use the following resources to declare your income earned through Mintos:
- Tax report
We currently offer tax reports for individuals who are tax residents of Estonia, Germany, and Latvia. For individuals who are tax residents of a different country, a general tax report template is available. If your country of tax residence is not listed, you can select any other country for which we provide a general tax report template. We are currently working on adapting both our country-specific and general tax report templates to investments in Notes. Due to various accounting standards applied by legal entities, we do not provide a specific report for them.
- 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.
Below you can find more information about tax implications for investments by means of assignment agreements for tax residents of selected countries in the local language. The information provided does not constitute tax, legal or other advice or consultation and is provided for information purposes only. All investors should seek independent tax advice.