Europoor here. How do I avoid crypto tax?
Europoor here. How do I avoid crypto tax?
fake your death and move somewhere else
Whats the tax in europoorland
dunno, probably depends on the fucking country
19% in my country
By never cashing out
You will also be richer if you keep holding for another cycle, so you will not regret
Which one
just hold for 1 year and sell tax free
oh wait you aren't german
Go to Luxembourg, they have crypto ATM
hold 1 year after your last trade?
>hold 1 year after your last trade?
Hold the coin in question for one year.
30% in Finland. it's killing me slowly just thinking about cashing out one day in this country. Considering Malta at this point
can it be usdt?
which country specifically?
You pay capital gains tax to Finland for 10 years after leaving, it's so draconian it's bizarre
portugal seems nice.
How do those work?
it doesn't just apply to the last coin you hold but to every single transaction you did
Poland
How do I become German tax resident? Do I have to live there for 6 months?
You must obtain tax residence in one of these countries to avoid paying crypto cash out tax
>switzerland
>portugal
>germany (1 year hold period proof)
>malta (long term hold period proof ??)
>slovakia (long term hold period proof ??)
>slovenia (long term hold period proof ??)
Some countries just have a non specified long term period hold for 0% tax which is decided by authorities.
Anyways I would recommend Portugal or Germany. Ideally Portugal since it's the easiest to get residence, it's among the cheaper countries in Eu and has a great climate.
WTF? So if you move to Portugal or something and you're a Finnish citizen you have keep paying them tax for profits you make in Portugal?
How does the Malta escape plan actually work?
Has anyone researched this?
Thinking the same. Finland here, 30% tax on crypto.
this, how do i become a German tax resident ?
no idea how it works in poland but in germany it's comfy, just come here for a year or something. crypto to crypto trades are taxable events, so if you buy a coin with zloty and make a profit and turn it into usdt you still have to pay taxes on crypto to usdt. no matter how long you hold the usdt. but if you just bought the crypto (or did something like zloty to eth to crypto in 1 day) and then hold for a year, it's all tax free.
Yes, that's how I understood it, you need to revoke your finnish citizenship then leave for 10 years in order to pay 0 tax. Call your tax office and ask for details to make sure.
Brehs, I was thinking about buying gold with my crypto gains (there are services that offer it) and then sell gold at a local dealership stores for fiat. There will be fees going from crypto > gold > fiat but it's still not much money lost. Is this retarded? The only problem I see is that you won't be able to spend this money because if you make a significant purchase you will have to show how you got that gold in the first place.
Eh Ehm
>Get ANY job in Dubai
>Get a Visa
>Open a bank account
>Cash out tax free
>Get the fuck out of Dubai
You're all welcome Anons
Yeah that's a huge ass problem unless you're trading baby amounts. Like I am, I only have 10 LINK.
So if I move from Estonia to Portugal and live there for 183 days, I'll be able to just cash out my crypto for 0% tax?
stop even thinking about low level shit like that, try this shit even with 5000 euros and you will get swatted