Post
Topic
Board Politics & Society
Re: Countries with low taxes on Bitcoin profits
by
danuker
on 06/12/2017, 10:39:11 UTC
There are plenty of countries with no regulations at all so you could probably look into those.

In Romania, the tax people said they don't have a legal framework for taxing Bitcoin profits, so they don't tax them, for now at least. This is because Bitcoin is not considered a currency, financial instrument, product nor service.

ORIGINAL ARTICLE (RO): http://evz.ro/tranzactiile-cu-monedele-bitcoin-nu-sunt-impozitate-de-finante-u.html
GOOGLE TRANSLATE (EN): https://translate.google.com/translate?sl=ro&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fevz.ro%2Ftranzactiile-cu-monedele-bitcoin-nu-sunt-impozitate-de-finante-u.html&edit-text=&act=url

However, if you use a Romanian bank account, you will be met with lots of confusion when explaining this, and might actually have to pay the 16% capital gains tax regardless.

ORIGINAL ARTICLE (RO): https://goanadupabitcoin.ro/analize-generale/impozite-pe-bitcoin-platesti-profiturile.html
GOOGLE TRANSLATE (EN): https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ro&sp=nmt4&tl=en&u=https://goanadupabitcoin.ro/analize-generale/impozite-pe-bitcoin-platesti-profiturile.html&usg=ALkJrhhdXY0UzX10nMMXLQMr0pS3zBSdcw