Hi Everyone, I recently collected some crypto profits and would like to transfer them to my Belgian bank account (I am also Belgian).
But that means that I have to hand over 33% to the tax authorities.
My girlfriend is Serbian and has a Serbian bank account.
After some research, I discovered that crypto profits in Serbia are not taxed at all.
Is it legal to send my crypto to my girlfriend's wallet, she transfers the amount to her Serbian account and then to her Belgian account?
It seems like a waterproof system, but I am really not entirely sure.
Thanks for helping me with this.
Each country has a financial monitoring department that works with banks and tax authorities. If I receive a transfer to my bank account in the amount of more than $ 9,000 from a foreign company, then my account will be temporarily blocked, and I will be called to give explanations to the tax office. This is what happens in Russia.
I think that in any country there are certain transfer limits, above which the tax authorities may be interested in the origin of money.
Therefore, you should take into account all the risks or exchange bitcoins for cash