Post
Topic
Board Bitcoin Discussion
Re: Taxes on Bitcoins: Unreasonable or essential?
by
Daniel91
on 23/08/2020, 09:57:13 UTC
I live in Croatia.
Yes, I agree that our government and state have given us good terms as far as the crypto tax is concerned.
We only pay 12% tax and only if we exchange crypto for fiat money.
Interesting law, how does that 12% tax is treated, was that an income tax or something, because IMO exchanging or selling crypto to fiat does not mean profit all the time since we also use fiat to acquire crypto.


If we keep crpto for 2 years in the wallet we do not pay any tax.
I think these are very reasonable and fair rules.
Since last year, we have even had the opportunity to sell bitcoin directly in state post offices  Grin

This one too, I'd like to know something brief about the rules, if you would just care to share though.

Ok, I'm really not a tax expert but I think we pay the crypto tax as a second income from abroad.
I haven’t gone to the post office to sell bitcoin yet but as far as I’ve heard, it’s very simple.
At the post office, they read the code on our mobile phone at the time of sale and wait to receive confirmation that the transaction has passed.
Everything is done using an application developed by the Croatian company Electrocoin https://electrocoin.hr/en
When the employee at the counter receives confirmation that the transaction has been completed and confirmed, he makes a payment in local currency at the current exchange rate.