EU crypto tax

15% is a big robbery. How do you avoid it anons? Do you open a bank account in a country outside of EU or something?

you do realize we have to cash out sometimes...

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Other urls found in this thread:

fslegal.pt/en/cryptocurrency-taxation-in-portugal/
en.wikipedia.org/wiki/Tax_residence
blevinsfranks.com/news/article/non-habitual-resident-regime-NHR-Portugal-tax-advantages
globalcitizensolutions.com/nhr-portugal-tax-regime/
twitter.com/SFWRedditImages

Since when does the EU levy crypto taxes?

>15%
Not in all EU, it's 30% in France.
Good for you, and fuck me I guess

Malta is at 0% right? and so is Germany if you hold 1 year

not in my country you fucking nigger
speak for yourself

Portugal is 0%

wasting time....what happens if you go to switzerland or turkey, open a bank account and start depositing 500$ per month and cashing them out from an ATM?

would the turk/swiss bank care where the money come from?

you pay tax where your residence is. You can't dodge the tax jew without physically moving to another country user, at least legally

33% capital gains tax in Ireland

but why would the turk or swiss bank inform another country that you received 500$ from some crypto website and withdrew them from an ATM in turkey?

Move to germany
HODL for a year

even if you have double citizenship?
Asking for a friend...

also, if you make it big 1 year in Malta is actually a great way to start your reallife(tm)

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fslegal.pt/en/cryptocurrency-taxation-in-portugal/
>In conclusion, cryptocurrencies in Portugal are only taxable if you do it as a professional trading activity and therefore you need to open an activity as a trader and pay taxes according to your profit, otherwise they are considered non-taxable in Portugal due being unable to fit in any category.

your country probably doesn't care about small amounts like $500, check Revolut or other mobile banks for that.
For bigger amounts, like something you could buy a house with you should get a good accountant to help you figure it out
depends on your country en.wikipedia.org/wiki/Tax_residence

>withdrawing
ngmi

its 30% in Sweden...

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SENT is about to moon. OP is a faggot, Fuck his stupid punt.

I'm from Spain and I've been cashing 200€ every month and they don't seem to give a fuck about it even tho they are trying to enforce new crypto laws or whatever.

cashing out 200eu in your bank account? the same one you used to deposit before?

wont they start caring after 6 months?

I suppose, but they don't seem to care.

In Norway we have to pay 24% tax on any profits when changing to fiat.

but when they start to care they will come after you for ALL your withdrawals and want to fine and jail you.
you need to think.....in the future

Can't you just open a bank account in Portugal/Malta/Belarus and transfer the money there? And then transfer back to Norway?

thats what im asking.
would a portugese bank care that you keep receiving 500$ a month and cashing them out in your country from an atm

then I'll just tell them I'm a neet that lives with his parents, my income doesnt even need me to fill the tax report so I can evade that, and even if they find me I'll pay like the 30 euros per month I have to pay.

It works like this; Let’s say you live in Germany and you have a bank account in Portugal. Every now and then, Germany’s tax authority will simply send a request to banks in Portugal (or any other country) to deliver information on every client with an adres in Germany. They won’t give a fuck about €200-€800 a month, but they will flag you. If you want to cash out bigger amounts later on you’re fucked and they will tax rape you.

What would that accomplish? I still have to pay tax on money I have or earn in other countries. Just risk having to pay tax twice.

yea but because portugal is in the EU so there is "cooperacione".
if the bank was in turkey, would the homecountry bank (lets say germany) be able to get the information "where the money came into his account"
would they know money from binance came to your turkish account on your name?

Even if its 500$ a month, wont they start harrasing you?

Will travel to Portugal to take out my cryptos

And to enjoy some local food

blevinsfranks.com/news/article/non-habitual-resident-regime-NHR-Portugal-tax-advantages

globalcitizensolutions.com/nhr-portugal-tax-regime/

See if this somehow applies to your country.