PIT-38 — What Is It? Form for Investment Tax Settlement
PIT-38 is a tax form used for settling profits from stock market investments, cryptocurrencies, and funds. Learn who must file it and how to do it.
Definition
PIT-38 is a tax return form used to settle income (or losses) from paid disposal of securities, derivative financial instruments, company shares, and from subscription of shares/stocks in exchange for non-monetary contribution. In practice — it's the form you fill out when you sell stocks, ETFs, bonds, or cryptocurrencies with profit or loss.
Who must file PIT-38?
You file PIT-38 if in a given tax year you:
- Sold stocks, ETFs, or bonds on the stock exchange
- Sold cryptocurrencies (or exchanged them for other crypto)
- Realized profit or loss on derivative instruments (futures, options)
- Redeemed investment fund units
Deadline
PIT-38 must be filed by April 30 of the year following the tax year (e.g., for 2025 — by April 30, 2026).
Where to get the data?
- PIT-8C — Polish brokers (XTB, mBank, Bossa) send it by the end of February. Contains a summary of your transactions
- Statements from foreign brokers — you must independently calculate income and costs, with currency conversion at NBP exchange rates
- Cryptocurrency transaction history — from exchanges such as Binance, Kraken
Tax rate
Investment profits are taxed at a flat rate of 19% (so-called "podatek Belki").
Loss
If you incurred a loss, it's also worth filing PIT-38. You can deduct losses from profits from the same source over 5 consecutive years (max 50% of loss annually).
How Freenance can help
Freenance helps track your investment transactions throughout the year. When it's time to settle PIT-38, you have a complete picture of profits and losses without manually digging through transaction history.
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