I didnt know about it. I would love to live there :) Paying taxes seem to be so much easier and hussle free.
Now the question is: how to calculate profit? The fact that Im receiving rewards worth let's say 100 usd doesnt mean that it's my profit, because I had to use 90 usd to pay for bots.
I cant imagine how to do it.
Thx for you comment. Piotr
In both cases you just need to report the value of your account on 1st of January. Let's assume it is €25,000 on 1 January 2017 and €150,000 on 1 January 2018.
If you are an investor you need to pay wealth taxes over €25,000 for 2017. If this was your job you need to pay income taxes over €125,000.
wow. that is just so simple and easy. damn. I wish it would be as simple and easy everywhere
thanks for sharing with me @@@crypto-econom1st
Of course this looks simple. But since our tax authority doesn't have any experience with crypto assets it can become more difficult. Cause which amount qualifies as asset? And when are you a professional which needs to pay income tax?
I love to see how responsive you are @crypto-econom1st
so many more questions :) more questions than answers. such a life :)
big thx! :)