If you sell your investment shares, you pay taxes on this sale only if you have made a profit, that is, if the value of the shares has increased compared to when you invested.
If, on the other hand, the value of your shares has not increased or is lower than the initial amount, you will not pay any tax in relation to your sale of fund shares.
· You invested €100 and the value of your shares (i.e., your investment) has risen to €110.
· If you sell all the shares, your profit is €10.
· A tax is applied to this profit, which depends on the type of financial instrument:
◦ 26% for most financial instruments.
· The amount you receive will therefore be net of fees and taxes subsequently applied:
◦ Tax 26% = 10 (profit) * 26% = €2.60 → Order €110 - €2.60 taxes = total net order €107.40
Crediting and calculation timing
You will receive the total amount of the sale in your Balance within four business days of the withdrawal request.
However, the official value of the shares (NAV) is calculated and updated only once a day. Consequently:
• At the time of the sell order, we cannot show you the exact final amount, as the NAV has not yet been updated.
•The final tax calculation occurs at the same time as the withdrawal order confirmation, when the official NAV value is updated.
This means that the final amount you receive is initially gross (before the tax calculation).
What is stated above is valid only for users with tax residence in Italy. Returns are subject to taxation which depends on the applicable legislation and the user's personal situation and may change in the future.
Do I have to declare my investments in my tax return?
If you are a resident of Italy, it is not necessary! Satispay also takes care of your tax management through Caceis Bank S.A., Italy Branch 🚀
If you are a resident of another State, you will have to independently declare your investments in your tax return according to the applicable legislation.
What is stamp duty on investments and how is it managed?
The stamp duty is a tax required by law that applies to financial products, including the invested Money Box. It is currently set at 0.20% per year and is calculated based on the value of your investment on 31 December of each year. The good news is you don’t need to worry about any calculations or payments, we handle everything for you!
The amount due is automatically withdrawn from your Satispay Balance once a year, usually in January with reference to the previous year. Just make sure you have sufficient funds in your Balance at that time.