/biz/ - Business & Finance

EU fag here, I'm moving to NL and probably staying for good too.

>feel smug about only having to pay 1.2% on capital gains
>get slapped with a 52% income tax charge for trading
I honestly don't get why the Dutch think they get to laugh at us Germans

>have to pay taxes on EVERYTHING you own
wut

Has anyone here actually declared their crypto trading and income on your tax return to the belastingdienst? At what point does it turn from box 3 asset tax (1.6%) to an active trading income tax (52%)?

>give your crypto to friends and family in december
>don't have anything in January to declare under box 3 assets
find the flaw

tfw all of my bags have mooned hard towards Jan 1st and it turns out I have to pay the tax authority around 100k euro because of their socialist wealth tax system and I'm not even Dutch
how do I escape this hell?

Burger expat living in The Netherlands here, just found out I'll have to pay a fuckload of money (5 figures) to the Dutch tax authorities because apparently there's a wealth tax imposed on crypto whether you trade or not

Is there anything I can do aside from getting up and leave? Any chance that the tax authority will introduce some sort of a tax amnesty for crypto given that bitcoin has rallied hard over the past 12 months?

I'm guessing this is a problem for all of your Dutchfags because you're taxed based on your net worth effective January 1st. What were you planning to do in light of this predicament?

Has any one of you given any thought as to what the FUCK we're going to do for taxes next year?
In case you're not aware you have to declare your net worth on Jan 1st every year to the belastingdienst and pay whatever Box 3 tell you to: https://www.belastingdienst.nl/wps/wcm/connect/bldcontentnl/belastingdienst/prive/vermogen_en_aanmerkelijk_belang/vermogen/belasting_betalen_over_uw_vermogen/grondslag_sparen_en_beleggen/berekenen_belasting_over_uw_inkomsten_uit_vermogen_vanaf_2017

This wasn't an issue last year but Bitcoin is up 20x from what it was on Jan 1st this year and it's getting serious.
Any creative ideas? I'm getting real sweaty over here

Has any Dutch person here ever declared their crypto holdings on their annual tax return?

I was told that the tax authorities don't care about your gains but only about how much you're worth at the beginning of every year and you pay ~1.2% on your net wealth. Is this accurate?

Also how painless is the process of declaring your cryptos? Do they ask for any enhanced information (proof of origin, date of purchase, exchange account data, blockchain addresses for tracking) or do they trust your declaration to be accurate, calculate your worth and send you a bill?