Why does Saxo Bank require PIT-38?
Saxo Bank is a foreign broker, and all stock transactions in Poland require filing PIT-38. Additionally, as a foreign broker, it also requires the PIT-ZG attachment.
PIT-38 is an annual tax return for capital gains income. The capital gains tax rate is 19% (so-called Belka tax).
Important: Saxo Bank is a foreign broker, so in addition to PIT-38 you will also need the PIT-ZG attachment.Read the PIT-ZG guide →
How to export data from Saxo Bank?
To file PIT-38, you need to export the full transaction history from Saxo Bank for the entire tax year.
Step by step:
Tip: For FIFO method, export history from the first purchase of shares that you still hold or sold in the reporting year.
How to calculate PIT-38 tax for Saxo Bank?
PIT-38 tax calculation consists of several steps:
- 1Import file from Saxo Bank: Use our calculator to import the exported CSV file.
- 2System automatically: Applies FIFO method, converts currencies to PLN using NBP rates, calculates tax.
- 3You will receive a summary: Ready to transcribe to the PIT-38 form.
Use our calculator
Our calculator automatically performs all calculations for you. Just import the file from Saxo Bank.
Start calculationsHow to fill in the PIT-38 form?
Filling in PIT-38 form with data from Saxo Bank:
- 1Download the PIT-38 form from the e-Deklaracje system or the Ministry of Finance.
- 2Enter personal data and tax year.
- 3Enter income and costs from the summary generated by the calculator.
- 4Calculate tax (19% of income).
Remember: Attach the PIT-ZG form with foreign income from Saxo Bank to your PIT-38.
Frequently asked questions
Do I have to report all transactions from Saxo Bank?
Yes, all transactions from Saxo Bank require reporting in PIT-38. Even if you incurred a loss, you should report it - losses can be deducted from income in subsequent years.
Are Saxo Bank commissions deductible?
Yes, commissions are a cost of revenue and reduce taxable income. The calculator automatically includes commissions.
Related guides
Ready to file PIT-38 from Saxo Bank?
Use our calculator to automatically compute your tax. Just import the file from Saxo Bank - the system will automatically apply FIFO, convert currencies and generate a summary ready to transcribe to PIT-38.