Dear kevinli, how does the cashing out process work in Australia? I live in Croatia & I have never tried to cash out yet. Only I've been hearing how the government brought the law about the crypto - they call it "capital tax" or something & you need to report it while cashing out on your bank account...
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I transferred to an exchange and withdrew. For us, as long as we're not in profit. We don't need to pay much tax
What does it mean "not in profit"? Is there a limit under which you don't need to pay taxes?
if you haven't profitted and only withdrawing the amount you put in, I think it's 10% tax. But your country will always be different
OK, thank you!