Did they knock at your door or did you previously go and declare profits and they just kept tracking you afterward?
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Did they knock at your door or did you previously go and declare profits and they just kept tracking you afterward?
I declared through a web service like koin.ly, but since they had some problems with what had happened on my account, I needed to consult legal professionals who weren't cheap, and who made my case worse. They also billed me up to 3000€, which I was supposed to be able to declare in my next year's statement, but was denied by the tax office thereafter.
Sad... I believe you would have been better if you hadn't declared anything. I read something similar a while back from someone in Sweden who said he regrets declaring profits from crypto because of all of the hustle. I prefer using crypto cards and spending my crypto or withdrawing cash at the ATM instead of withdrawing into a bank account. I did that in 2020 and 2019 for a while, but other than that I like to stay as far from the banking cartel as possible.
I get where you're coming from, but not declaring profits would only make things worse in the long run. It's tempting to think that avoiding taxes altogether might be the solution, but the reality is that the consequences of doing so can be far more devastating.
I do wonder sometimes if we'd be better off with a system where taxes were optional or at least more transparent — where you could choose to allocate your taxes to specific things and opt out of others. There are many areas I would gladly contribute to, but others come off as less justifiable.
Unfortunately, we're stuck in a system where taxes, especially with crypto, are rather unpredictable and burdensome. I guess the key is to push for better regulations and more reasonable tax policies rather than avoid them altogether.