Re: Crypto friendly countries, where and how to exchange your crypto with 0 taxes
countries that are crypto friendly when it comes to paying income tax.
~ The Netherlands
Lol ~ The Netherlands
Maybe you should explain what you call "crypto friendly". If you mean it's legal to earn money in crypto, and then sell it, then yes, it's a great country for crypto! But if you mean the amount of income tax, you pay either 37.1% or 49.5%. That's not just on crypto, it's on all income.
Quote
Is there someone from these countries that has exchanged crypto for a profit and has paid little or no taxes on it?
Yes I've sold crypto for euro, no taxes aren't little.Quote
I have some bitcoins that I've kept for a couple of years and I'd like to sell them for a profit, without paying a big tax on it, and then to transfer the money through bank transfer to my country. Here in my country I'd have to pay 20%, which is not acceptable.
Is that a capital gains tax, or income tax?Wanting to go to another country, exchange your bitcons for fiat and transfer them by bank transfer to your country doesn't seem very smart at first sight.
That screams "money laundering" indeed!