ITT: your country and how it taxes crypto gains

>podatek od czynnosci cywilno prawnych, 1% od kazdej wymiany, masz 2 tygodnie na zaplacenie go, niezaplacenie grozi kara grzywny do kilkudziesieciu tysiecy, sprawa jest naprawde pojebana
czyli co, mam latac do urzedu codziennie placic nowy podatek? ich chyba pojebalo lol

> teoretycznie powinines miec fakture z kazdej wymiany krypto z podpisami obu osob ktore dokonaly trejdu, tak jest wedlug prawa przy sprzedazy praw majatkowych jak np. auto, a na ten moment US traktuje krypto jak prawo majatkowe

nie no to sa jakies jaja, to juz latwiej mi bedzie sprzedac wszystko za gotowke w parku ludziom i wyprac to jakos niz sie uzerac z polskimi zwierzakami.
Nie wierze ze takie szambo to bedzie bo inaczej kazdy z tego kurwidolka ucieknie. A dzieki krypto jest to bardzo latwe, biore moj private key i tyle mnie widzieli

Holy fuck, this makes the American threads look like nothing.

can you communicate using english in finland?

Yes

I hope my shithole will take this approach, otherwise I'm leaving 100%

as I said, absolute hellhole, it all comes from the fact that crypto is treated as "property law", so for each crypto trade you would need an invoice signed by both people who traded to make it legal, absolutely ridiculous

Canada,

We say that crypto to crypto is a taxable event under barter laws and that every trade and fee and US dollar needs to be tracked for its Canadian dollar cost-basis. If you magically figure this out, we *do not* have a tax form where you can write the trade because we have said that cryptos aren't securities, so there is literally no where to fucking record it. But you CAN be audited and fucking wrecked for an additional 40% of your tax owing, plus upgraded from capital gains to straight income, plus some late fines if you don't report it on these non-existent forms. If you have the gaul to fill out the only form that tracks trading (and pretend crypto is a security which it isn't), they will fine you hundreds to thousands of dollars if you submit paper. So you have to hand-code XML files for them, which end up being incomplete because they did not come from your exchange.

FUCK CANADA!

*GULP*
(((they))) want let as escape wageslavery, will they?

Seriously I'm considering selling everything for cash and live at home with parents forever, there is no way I will keep wageslaving with a (hopefully) million dollar portfolio just because the kikes threaten me to not cash out

won't*

im not going to pay tax, ever

try getting a 2nd citizenship in other country that doesn't fuck over people in the butthole with heavy taxation, live there for awhile and make a bank account for cashing out.

there are plenty of options out there.

that's the option I will most likely take, there are supposedly some regulations to come in poland soon, so maybe it will improve, because treating selling crypto like selling a house is retarded
and it's not even heavy taxation that I'm scared off, it's those other things I mentioned in my posts, there's uncertainty regarding all of those because of no clear law

I live in Sweden. We get taxed for 30% gains on EVERY TRADE, leaving almost no limit to how high the tax can go if you daytrade very well.
Luckily it's impossible to be taxed above your initial investment, so that's something.

jest to w ogole mozliwe zeby zdobyc obywatelstwo w innym kraju wykasowac sie tam i potem wrocic do polski i nie miec najazdy na chate przez skarbowke za niezaplacenie zyskow osiagnietych "u nich"?

At least Americans have forms they can fill out. Canadians are fucked if the crypto exchange doesn't issue them an officially licensed dump of every trade. I'd take your simplified long-term capital gains at thos point.

I'm anticipating getting audited in perpetuity over this and having to glee Canada to a locale where I can live off NEO GAS until I can diversify without the CRA raping me till I stop bleeding. All because I do not have a mechanism to definitively record my taxes.

I'll probably end up burning a stack on a tax lawyer who will let me claim I did due dilligence.

guys the Fuhrer has spoken through my posts, we're gonna make it

Jesus. Just buy coinxbt and etherindex through your stockholm exchange. At least then you have legal protections for two crypto assets.

that's not particularly bad, it's essentially same as 30% of the yearly income
or maybe I'm misunderstanding something, you can't substract losing trades from gains?

Brazil

The law requires you to pay 27.5% income and around 18% capital gains tax, however, crypto is unregulated so nobody pays shit.

If it does get regulated you just need to file for a LLC (inser high amouts of red tape and bribes) and cashout 5k per month max and you will pay no taxes.

Seriously this is retarded
As far as I know when you trade stocks the exchange gives hands you everything on a golden plate, your all trades prepared as a tax report or they even send it themselves to the IRS

And now our retarded governments think that some neets with 0 previous investing/tax experience will be able to calculate forks, airdrops, 1000s of shitcoin trades, icos, poolings, wallet transfers, between-exchanges-transfers, fees all that shit taking into consideration not only btc volatility but also USD-CAD/PLN whatever for non-usfags

But it gets better, listen to this:
technically when you send eth between your own 2 wallets it's a TAXABLE event, because the amount spend for a fee is a piece of a REALIZED GAIN, no I'm not joking.

It doesn't even matter if you report everything perfectly like a turbo autist spending 2 weeks on all that shit, in 2-3 years the IRS can knock on your door and "prove" to you that your calculations were off, just because they decided to take a ratio benchmark from a different source

>30% on every crypto trade/buy/cash out.

that would mean you could get buttfuck with minimum of 60-90% taxation if you were to, sounds like they just copypasted the US version and didn't think it through, they basically want you to pay all your crypto gains on Muhammad his 3 wives, 10 children, 20 cousins and their children.

all this makes me want to kill myself harder than the january crypto crash, I'm definitely moving to a country like finland where it's (fiat out - fiat in) is a base for tax

I know you're not joking. My excel sheet for binance trades has 40 columns because of profit/loss realized on the BNB in addition to the sold coin profit/loss, the changing balances and the cost basis change for the buy. Cool shit is that most exchanges wipe trades after 3 months so there's zero proof that any of it happened if you get audited up to 7 years. There's a csv file which may or may not contain transaction ids. Like it's almost at the point of having to screen cast and email it to create a timestamped archive just to create proof. I'm honestly can't see how to do this in a way where honesty isn't made an example of.

The US taxes aren't thought through either. The implemented a system nobody is going to even do.

México

No taxes.

Shouldn't be that simple to every country?

honeslty the only solution I see is something like this and on top of that let's give them trade history to go through if they think it's from drug dealing on something
but why on earth calculate evry fucking trade when at the end it's the same or pretty much the same amount of tax as if you just taxed the final amount-initial, why go through this fucking hassle.
I hope the tax arbitrage caused by non retarded countries will make the retards in our governments think twic about it.

but can we then go back to our shithole and use that money here or would we have to stay in the other country?

I get you. I had to code my own parser and accounting software to calculate what I owe. Exchange rates and historical data from voin market cap + math VS trade CSV files. Even after doing that there isn't a definitive way to record it in the actual tax forms. Best guess is saying it's foreign property but according to the flow chart for typing it, crypto is nothing and doesn't have a box to check. But there's a memo on their website saying it's taxable and a bunch of news articles repeating that and not giving a single specific as to how this is legally done. The agents in the call centre also know nothing.

I'm also more stressed by this than January's crash.

>but can we then go back to our shithole and use that money here or would we have to stay in the other country?

in polish law it says that it depends on 2 factors, to not pay tax in poland you must be out of the country for at least half a year and your "center of life interest" must not be in poland

>mfw can easily get Albanian citizenship in the next 2-3 years

Is freedom from the US gov't AND the EU the ultimate liberty one can achieve in the Western World?

>inb4 Albania isn't the Western World

so pretty much it's relying on the taxman's good will how he's gonna interpretate your situation.
Imagine you buy real estate and then they seize all that shit.

I hope some other countries like Slovakia/Czech Rep or Hungary will have ta friendly laws

I don't think we could repatriate. We'd owe the difference between the finland tax and whatever canada wanted to charge (and fine us). That's assuming we have a tax treaty. There might be something where you wait longer than the 7 years auditable before returning home but I suspect you would have to make the case that you made 100% of your wealth while in Finland. It's probably doable. But why go back to a country that might draw blood over impossible-to-comply-with rules.

I'd be overjoyed if some country offered up tax asylum/arbitrage for investors in this new class of property to escape their retarded homes.

I can see an argument for some taxes. But its like all or nothing these fucking days. The thing is, when we have blockchains and the internet do we really need taxes anymore? Its very possible to pay for all infrastructure using modern technology.

you cannot even buy anything with crypto because
>oops, btc went up by $20 since I bought it on the exchange and now it's gonna be a TAXABLE EVENT when I buy those headphones

I'm just gonna sit back with my crypto in cold storage or unverified exchanges and wait for some sanity