Finn who doesn't want to pay 60% tax on crypto here...

it's 45% in spain for anything higher than 60k€... fml

Plus you have to report every single satoshi. I lost my trading history in cryptsy and mintpal so I can't cash out these because I couldn't prove the origin... fml.

It is 30-34% and not from trades between crypto.

vero.fi/syventavat-vero-ohjeet/ohje-hakusivu/48411/virtuaalivaluuttojen_tuloverotu/

Tää :D eiks se oo 30%

Portugal. Apparently they don't have any taxes on crypto.
Alternatively, if you want to feel more at home with all the shitty weather, Germany. Hodl your shit for one year and pay no taxes at all or don't hodl and pay 25% and up to 600€ p.a. are tax exempt.

"your" money belongs to the collective, user. why don't you want to feed genetic trash?

Lithuania, we have been blessed with only 15% tax and we are close to u

that's not actually true tho

Hey I'm going to Europe soon from burgerland?

Anywhere I can go there so that I don't have to give money to an orange dementia patient?

Huutista paskalle suomelle :D
Taitaa jäädä monet rahat saamatta tuomoisilla verotuksilla.
Itse ainakin lähden helvettiin täältä ja haen uuden kotimaan

What do you mean specifically?

You know where to go back my fellow Altaic brethren, you can throat sing while you counting your loot.

If you are swedish tho gtfo here before i make you my bitch

What did he mean by this?

I mean that while you officially don't have to pay taxes if it doesn't constitute a professional activity they haven't defined what professional activity means, which means that they can come up with arbitrary rules as to when you should be taxed for it or not.
For example if you're a neet and it constitutes 100% of your income or if you day trading on binance is considering high frequency enough they can just include you under that category.

youtube.com/watch?v=LhO9j0G61Ac

Even if you move from burgerland you're still obligated to pay taxes in US.

33 jos menee yli 100ke tms

30% here
denmark, portugal, bulgaria are the crytpo tax free i know of
netherlands 1.2% or something

It's not anywhere close to 60% you dense motherfucker.

t. Fennoswede

Pääomatulovero on 34% kaikille yli 30KEUR gainsseille, vitun debiili

EU sounds like crypto tax hell. 'murica is max 30% and as little as 10-15% after a year.

tää

ps. menkää vittu töihin

27% in Austria

Could I hide myself behind the facade of some freelancer business if I declare this as my main profession, then? Or is main profession defined by the income it generates, meaning that the source of highest income is automatically assumed to be my main profession in the eyes of the tax authorities?

Juuh ei, 30% 30k asti siitä yli 34% . Jos mainattu niin ansiotuloa

Meehän wage cucki helvettiin siitä :D
Huomenna suuri päivä,kun pitää pussailla pomon pyllynreikää =)

Monaco, 0% taxes but you must have 500k Euro on Monaco bank account.

t. Rotta

Mä luulin että se menee ansiotuloina, mielellään otan ton 34% sen sijaan.

en minä mene mutta menkää te muut tienaamaan leipäni pöytään

Tää

Fuck I used to be chinese citizen lol

the question is, do I have to have 500k ready BEFORE cashing out or is it enough to cash out 500k into the bank account in order to be tax free?

Note you'll still be considered a tax resident in your country for a while after you leave. In Ireland its three years.

>KEKI

mee töihin

You don't pay "60%" tax in here you stupid pillupää

Netherlands, its max 1.79% and thats if you've made 1 million or more

This.

OP sums up the average finnish cryptoinvestor. Fucking brainless idiots.

I want to know how to solve this situation in most European countries

>Buy 1 BTC 2015
>Sell 10 BTC 2018

IRS: Well user, where did these 9 BTC come from?
You: Oh i daytraded my first BTC with altcoins and obtained some profit
IRS: You must pay me for every trade and show me proofs or I will think you just sold drugs and are trying to moneylaundering

What do you do?

Are you serious? I read that since 2016 it's 27%

that's a really faggy predicament

Don't report at all?

Just take cash payments when you sell your drugs.

OP means he pays 30% tax for salary, which he uses to buy crypto. Then he pays another 30% for crypto winnings.
That is the dirty "60%", in Finland

IRS is underfunded as fuck rn

Literally if no one pays taxes on crypto, they can't do shit to us.

You should ask the authorities if the 20% acquisition price principle goes in this case because then you pay 27% on any cash out in the 34% range.

30% + 30% somehow 60%
percentage points aren't percentage

>OP has a job

You forgot to include VAT and inflation, so the overall taxes are in the 80% territory.

Hoppas du röstar på Torvalds ditt jävla mumintroll

Tuu Bulgariaan, 10% flat tax vuoden totaalivoitosta

kansalaisuus miten

It does not, you can also not deduct losses

Ei tarvii, riittää että "establish residency". Eli asut täällä yli 183 pv vuodessa periaatteessa

finland:
>here's my fiat deposits from my bank account
>and here's my fiat gains sitting in my bank account
>gains - original depo = taxable profit

Man that's gay

Bulgaria.
10%.
Ez.

Var det du jag såg med en satans Ethereum T-skjorta vid en båtmässa i Åbo?

I would like to know this too

>live in a shithole country
>have to pay 12%
>get enough sun hours so I'm not suicidal

lmao get rekt higher living standard countries

Duckponding intensifies. They're talking boats now.

NL here
Pay 1.86% on total assets - 25K
SO if your crypto is worth 300K at januari 1, you pay 1.86% over (300-25 =) 275

Actually 0% on crypto, but there's this 10% income tax thing.

Possibly does not apply for trading though. Same as portugal

PRAISE GENGHIS

and that's the reason I refuse to pay taxes of my gains. And it's still relatively easy since I've only made a few thousands of profit

Exactly, its straight up theft

Switzerland
But we don't take SJW cucks from socialist countries.

SKATT bear has been notified :DD:D

Set up a company in Singapore for $500.

Use the company to grant yourself an employment visa - Another $500.

Move to Singapore.

0% tax on cryptos.
Don't even have to report it.

Denmark. I'll marry you for legal purposes if you give me 10 bitcoin by tomorrow.

No homo ofcourse.

This basically says that it's taxed when it goes into fiat or goods/services acquireable with fiat?

You're joking? It costs a lot more than 500

Why would he want to pay even more than 34%?

Pääomatuloa 30% voitosta

In finland rax on capital interest 30% of winnings

Op is a fag

Op on homo

go to the netherlands or portugal lol

You need residency for Netherlands, yes? How would you go about doing that?

34% on >30k€ and this is on buying and selling bitcoins for a profit.

Mining is earned income which _should_ be added to your neetbux + job income and then it can raise to the hilarious 40-50% zone.

Don't know about moving but i'm thinking of just "cashing" out in different ways. Sums are quite small but i would settle for moving money easily to my paypal and buying shit from there.

>Netherlands
grantthornton.nl/en/insights-en/articles/bitcoin-hits-10000-dollar-what-about-cryptocurrency-and-taxes/
>An interesting question would be how cryptocurrencies would be taxed in the personal income tax in case someone actively trades in cryptocurrencies. The tax-authorities could say that this goes beyond passive management of funds, meaning your profits would be taxed in box 1 instead of box 3. The facts and circumstances of a situation would be of great importance in such cases.

If you include paying a nominee director, etc.

For basic ACRA filing, $500 is enough; generous even.

Could you possibly link a source where this is explained and thay you would really be able to issue a residence permit by starting a company that does nothing?

Thanks

italy my boy

belarus

>Businesses that buy and sell virtual currencies in the ordinary course of their business will be taxed on the profit derived from trading in the virtual currency. Profits derived by businesses which mine and trade virtual currencies in exchange for money are also subject to tax.
>Businesses that buy virtual currencies for long-term investment purposes may enjoy a capital gain from the disposal of these virtual currencies. However, as there are no capital gains taxes in Singapore, such gains are not subject to tax.
>Whether gains from disposal of virtual currencies are trading or capital gains depends on the facts and circumstances of each case. Factors such as purpose, frequency of transactions, and holding periods are considered when determining if such gains are taxable.
iras.gov.sg/irashome/Businesses/Companies/Working-out-Corporate-Income-Taxes/Specific-topics/Income-Tax-Treatment-of-Virtual-Currencies/

Not necessarily tax free either

Yeah, so set up some bullshit social media consultancy company.

Cash out your cryptos as personal capital gains.

It's harder to di this these days desu.

You could also just take a job in Singapore/Hong Kong/Dubai and then cash out your capital gains once you have residency.

If you have $$$ in crypto and CGT is 40%, you could find someone in UAE/Qatar/HK/SG that would give you a Mickey mouse job and a visa, for a few thousands bucks.

Stay however long you need to to meet the tax residency (Usually about 6 months).

Enjoy a 6 month vacation in a sunny tax free country, then fuck off back to perkle land if you want.

Banned

Because all future taxation from his gains are neglected.. You're just a bigot...

Minkäslaisia summia täällä olevilla kiinni kryptossa, ihan näin ohimennen kysellen?

Thanks for the reply.
I'm already in Bulgaria, so I think I'll just be happy with the 10% tax here