Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and tax in your countries
by
Om.monata
on 29/03/2021, 08:36:40 UTC
I would like to hear about the situation with bitcoin and taxes in your countries.
I think it would be interesting to hear different experiences and compare results across countries.
Of course, I understand that in some countries you can't declare bitcoin tax.
I'm not interested in these countries but the ones where it is possible to declare and pay bitcoin tax.
I will start first.
In Croatia, several years ago we received clear instructions from the tax office on how to file a bitcoin tax.
In short, we must lead FIFO and if we can prove that we held btc funds more than 2 years, than we don't need to pay tax (long term investment).
If we have kept btc funds for less than 2 years, we pay 12 % tax plus surtax.
Can you share situation in your country?
in my country there are no tax rules or anything for bitcoin owners, it's just that in my country it has a rule to use bitcoin only for money exchange transactions not to be used as a direct sale and purchase transaction. so that's the rule in my country until recently