Avalia
1
I'm opening a Wise account to transfer some money with low fees.
For tax purposes, do I just need to declare the balance as I'm doing with my UBS account?
I came from Italy where the taxation for foreign accounts is much more complex (thresholds (5k, 15k €), fixed tax to pay (34.20€), etc).
Here it looks much easier, but I'm wondering if there's anything particular I should be worried.
neline
2
It's the same as any other asset, and specifically the same as your UBS account.
You just need to list it alongside your UBS account, include the end of year statement showing the balance, and that's it.