This article is dedicated to  the difficulties and peculiarities of translating Oscar Wilde’s tales. The author investigates the basic discrepancies revealed in the official translations of the fairy tales, as well as  analyzes the techniques used in the process of  translation. Fairy tales are stories created by oral traditions. Their plots feature conflicts between good and evil, with magic and luck determining the usually happy endings. The main difficulties in translation  of fairy tales are based on the rendering  of  stylistic devices. Semantic and grammar  transformations,  modifications of words,  their equivalents and explanation are  the most commonly used in their translation. Good knowledge of the SL culture  (acquaintance with the history, traditions, realities of the people, and national literary texts) is a necessary condition for the successful translation of culture-bound phenomena.