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Are there any tax reporting implications for using Account Details?

Learn how using Account Details with Sling Money may affect your local tax reporting obligations

Updated this week

Understanding tax implications

The account you access through Bridge does not operate as a traditional financial account.

When you deposit money, it is immediately converted into digital dollars or digital euros in your Sling Wallet.

In some countries, converting to or from digital currency may be treated as a taxable event.

This means you might need to report it to your local tax authority, depending on your country’s tax laws.

⚠️ Important

Sling Money is not authorized to provide tax advice.

We strongly recommend that you consult a qualified tax advisor to understand:

  • Whether your Sling Money activity must be reported, and

  • Whether any gains or losses may affect your tax filings.

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