Post
Topic
Board Hrvatski (Croatian)
Re: ELI5 on taxes in Croatia please?
by
slackovic
on 09/03/2024, 13:01:06 UTC
Well, I'm not sure how more specific I can be? But okay, I'll try. Basically, I don't have any other property, stocks, assets, nothing except for crypto. I am looking for a country to move to, to pay least amount of tax. I was reading here https://cms.law/en/int/expert-guides/cms-expert-guide-on-taxation-of-crypto-assets/croatia that you pay 12% on crypto-to-fiat transactions, and 0% if you hold for 2+ years. Is this not true for crypto? That's not the only place that mentions this sort of taxation.

Well, that what you are saying (12% tax on crypto-to-fiat and 0% tax for a two year hold) is true. But (and that's a big BUT) the problem is not paying the taxes. The biggest problem (at least for me, but I think for a lot of people) is what to do when Croatian IRS asks for FIFO list. I don't have it and I have no idea on how to do it. I tried several times, but there is no way to list all transactions that I made in the past few years.

And there are other countries that have 0% tax on crypto. I don't know any out of my head, but if you plan to move to a country I'm sure there is no problem to do the research.