The problem with GST in Finland is, it is so variable on different items and is applied in weird ways. For example, if I buy something from outside the EU (and Finland in many cases), I get double taxed and, it depends on what I buy. For example, let's say I buy a T-shirt and a pair of shoes - the T-shirt has something like an 18% tax, the shoes 28% - and then, it depends on what it is made out of.... it is all silly here - Finland is the land of tax.
The crypto tax is mental...
The very upsetting aspect is when companies like H&R Block lobby the government to keep convoluted tax laws and processes to keep themselves in business. So terrible.
The start of the loophole level that puts a price most can't pay to access the loopholes.
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.
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.