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Are there any tax implications of exchanging currencies?
Are there any tax implications of exchanging currencies?
François avatar
Written by François
Updated over a week ago

When you sell foreign currencies in the app, Solaris will pay out the agreed amount to you and will not withhold any tax on multi-currency transactions. Please note that gains arising from multi-currency transactions may be subject to income tax and may have to be declared in your annual income tax return. As we do not give tax advice, please consult with your tax advisor if unsure.

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