Tax authorities recognise individuals’ incomes from purchase and sale of foreign currencies to be incomes from non-agricultural business activity and as to be subject to income tax (Tax Chamber interpretation no. IPPB2/415-563/10-4/AS). The tax is levied provided that it is somebody’s own foreign currencies which are being purchased and sold and such purchase and sale transactions are performed in an organised and continual manner in order to generate profits.
According to the interpretation of tax authorities, income from other sources is obtained each time when a taxpayer gains actual property benefits. So, it is the fact of occurrence of increment of property that results in taxation. Incomes from other sources are subject to taxation in accordance with taxation brackets. A taxpayer has to reveal such incomes himself/herself in his/her annual tax return for the year in which they have been gained and  to pay the tax.

Contact person: Małgorzata Lewandowska, mlw@pnplaw.pl