Do I have to pay tax on the Savings Account interest?
Do I need to pay tax on the interest earned in my Savings Account?
As a financial institution, Revolut does not deduct tax from the interest paid into your Savings Account.
Whether or not you are required to pay taxes on the interest earned depends on various factors, such as your total income, other savings and investments. For detailed information, check this page.
How can I determine the tax I have to pay?
To simplify the process, you can download your Savings Account statement. This statement provides an overview of earned interest, which can help in reporting your income.
To download your Savings Account statement, please follow the steps outlined in this article.