Tfw live in a country where every single cryptotrade has to be taxed

I thought you didn't have to report every trade if you trade between coins. You only report trades where you move from crypto to cash or cash to crypto. Coinbase/GDAX sent me a tax from that showed to the sum of my cash-involved trades and I made my reported trades to reconcile to that number. Not that hard.

>tfw based portuguese
>An earlier tax ruling in Portugal had clearly defined income tax exemptions for the sale or purchase of tokens. As per that ruling, since there is no revenue category covering digital currency gains, there is no requirement to include them when filing individual tax income returns.

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I love Port.

lol not at all here in this shithole of a tax system
Every trade has to be logged, even losses has to be taxed
I get so fucking pissed reading of forums of people who talks about it yet seems completely fine with it. Bunch of fucking numales

>tfw after rent, bacalhau and basic expenses you can't afford to put more than 50€ in crypto p/ month

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What country do you live in?

Said above: Norway
It feels pointless in trading crypto now if the only way to make it is swing trading
If only I could legally cash it all out to my foreign gf’s account who lives in a country where the tax laws are actually sane.
The problem here though is that I will never be able to buy real estate here with her account which is what my goal is with crypto gains

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Yes. Sweden and Finland at least apparently. Finland used to have guidelines that excluded crypto-crypto trades from being taxable but now (since this summer) they tax profits and refuse to acknowledge losses. Note that no laws have changed, it's all interpretations by Verovirasto (IRS equivalent).

Also they didn't even publish these new guidelines until one month AFTER they are supposed to be effective "because they had to be translated to swedish too" (we're bilingual country by law, that's why) and anyone who used bot trading during that time is now potentially royally fucked through no fault of their own. Thank god I'm not one of those poor souls.

Worst of all, if old signs are anywhere close to being good at predicting this shit, this shit actually has a good chance of standing in courts.

So, don't expect much sympathy from here.

Its only 12% where i live, so i pay my taxes like a good goy, im too afraid and beta to even try to dodge the tax.

That law is clearly inane so you can just ignore it. They won't be able to find out anyway. Just pay taxes on capital gains you actually withdrawal to fiat, and they won't complain.

just dont pay them man. The usa is the only one that has draconian tax laws and even here you can generally not pay if you do it right.

top kek good luck being a tax evader in Norgay
>fat ugly tax bureaucrat looking at the income tax return: “oh boi, this incel went from 0 networth to 500k, well that must be all from saving up his income! :)”

>top kek good luck being a tax evader in Norgay
Actually I live in Norway too and I did what I said. I earned 980k nok last year, and that's all I reported, nothing about individual crypto trades. They accepted that no problems.

>CASH OUT TO GF ACCOUNT
gtfo Jow Forums normie

HOLY SHIT DUDE KÖDDER DU I CAN LITERALLY JUST SAY "hey I invested 10.000kr and now I was lucky and made a profit of 200.000kr(actual portfolio is probably woorth 500.000kr) which I wanna withdraw. I just pay 24% tax on this realized profit? Yes? Thanks!"

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shut the fuck up

user, lova er berre at du må ha dokumentasjon på det vist dei spǿr etter den.

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Yep. Just put the total in field 3.1.12 "Annen inntekt".

They are well aware of the crypto bubble and the hordes of newly rich people it created so it doesn't really seem that unnatural. Yes, you're technically required to trigger capital gains on every trade including crypto-crypto, not just fiat withdrawals, but like I said they don't really give a shit.

If you're current portfolio is big enough to trigger property taxes you should probably report that too, otherwise it wouldn't make a difference anyway so meh

Dette gjör dagen min mye bedre
Men hva om de spör da. Og så er det jo vel et krav at man skal dokumentere “Annen skattbar formue” som skal da være fiatverdien portfolioen har den 31. desember? Eller er det bare å gi f i?
Også betalte du vel 24% ikke sant? Gjöres det automatisk når man tar ut eller må man semde eksakt belöp til en konto?

>Property taxes
Formue skatt.

We use english on this site

Fortune tax, neger.

lmao no

Ah wasn’t same person
My current portfolio is worth 35.000kr.
Isn’t “wealth” tax over 1 mil?
Also I hope they don’t give a shit about the 4.000kr i spent last year that was worth as much as 40.000kr at one point but is now worth 1.000kr?

>Også betalte du vel 24% ikke sant? Gjöres det automatisk når man tar ut eller må man semde eksakt belöp til en konto?

You get it as "restskatt" next year. I actually just paid the last tax for the 2017 gains a couple of month ago. Works out great because then I get the interest from when it was just sitting in a bank account since then for free too.

>Isn’t “wealth” tax over 1 mil?
Ja så du har ingenting å uroe deg for.

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Noice so I can just lax and let the bureaucrats do the work and have me pay it next year instead of paying it instantly
Tell me, you don’t happen to work in a high pay job do you, as if being a minimum wagecuck suddenly depositing the equivalent of an annual salary to my bank account would trigger any alarm at the Tax Authority?

Can't you also just abuse "Frivillig retting" if you didn't mention crypto to crypto as well.

Start a shell company (a company that exists on paper only, just fill out some paperwork its easy) and declare the crypto as income. You will have to jump through a few hoops to make it convincing but its still better than giving half your money away.

Or you could just wait till bitcoin is accepted everywhere, and stay in tusd. Or you can invest in 0x based securities so you can invest without cashing out.

Oh I just now realized non-americans are on easy mode. Just open a bank account in singapore, cash out there, and dont tell the authorities in norway. FATCA doesnt apply to you.

I'll sell your verified Binance and bitfinex for 10k. Send email with contact info to [email protected]

This
Fuck Finland, most cucked tax laws ever.

Pisses me off too... Wish everyone would just stick together and refuse to pay. If you dont have ties consider moving away

It was like that in Poland but they changed it because people were upset. Maybe there should be some protests in your country?

>what is CRS/AEOI

Du skal være takknemlig for å kunne bidra til å opprettholde det multikulturelle sosialdemokratiet. Dessuten har vi aldri hatt det bedre i norge i folge transparency international blablabla fn blabla verdens beste land blabla

t.sojagutt som fortsatt er under utdanning og er aktiv på r norge

PUL DEGSELV NEGERFAEN NUGUTT