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RE: Make all the money you want

in LeoFinance3 years ago

Ooof!
Is it taxed at the moment of purchase? Or do you have to work it out annually?

I personally don't mind slight differences in tax rates for different items, Lambos and Private Jets taxed at a higher percentage than milk and bread, sure... but what you're describing would drive me bonkers.

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Is it taxed at the moment of purchase? Or do you have to work it out annually?

As it comes into the country. If it is over 100€ (maybe 150), it goes straight to customs and they won't release it until it is paid.