/biz/ - Business & Finance

>>5676456
>you can transfer them legally to any EU bank right

hey guise instead of A -> B you can just do A -> C -> B

where B still calls the tax agency to show them your massive unreported income.

>live in Switzerland, mad gains in job
>from Portugal, endgame is coming back
>Swiss gains go into crypto
>Crypto gains go to Portuguese Bank
I can't believe there would be a time I would say that I was glad to be Portuguese through economics.

why you need paper money? hold until you will not have to switch

>>5676616
tbf, switzerland lets you get away with 75k CHF a year from gains untaxed anyway.

>>5676735
Too bad life here is extremely expensive, so 75k is not that much if you're living by yourself.
But if you have a partner and no kids, so either your salary or your partner salary ends up being savings, with those untaxed 75k it's a third salary in the household that gets into saving.
But it's still not that much to be honest.

>>5676816
yeah, I know what you mean.
Can't even think about buying a house because taxes, so you just take out shit tons of loans that you don't even need - just to avoid taxes on "luxury goods".

>>5676456
It doesn't work in most situations. Your company is usually taxed where you sre resident, regardless of where it is incorporated.
Also portugals rule only work for holding, not trading

>>5677012
What do you mean by trading? Daytrading is one thing, but what if you buy and sell every now and then?

>>5676980
Even building a house...holy shit...
Building your own house, not even a big one, costs around a million.

Meanwhile in Portugal I could make a fucking mansion with over 20 rooms for that amount, high tech as fuck and by a top designer.

>>5677064
This is honestly determined on a case-by-case basis. It depends on your country. But lets say the majority of your income comes from crypto and you do several buys/sells every month = probably considered trading

>>5677129
I meant for Portugal

>>5677747
https://www.dn.pt/dinheiro/interior/financas-lucros-com-bitcoin-nao-pagam-imposto-9007290.html

>Taxation of capital gains is only possible "when, due to its habitual nature, it constitutes a taxpayer's professional or business activity, in which case it will be taxed in category B", he added.

>But the situation turns out to be unclear and the investor reveals some concerns. "How does one conclude whether it is an investment or a professional activity?"

>>5676456
Why couldn't I just move there for 4-6 months?
I need to check if I'd need a .pt bank account, but I doubt it.

It'd cost less than where I live now anyway.

>>5676679
Hodl good goy hodl xD

>>5676456
>live in Germany
>hodl crypto for a year
>sell
>cash out
>it's tax free
Portugal sounds nice though. Might check it out next summer.

Because taxation is based on your residency unless you have employees and office. A shell company is tax evasion which is illegal. AEOI makes sure your gov knows about your accounts

>>5678561
What's your preference in vacations?
I could recommend you some places.

>>5679224
https://youtu.be/5ppzlu-gp9Y
Thailand

>>5679461
That is overrun by dirty hippies and faggot "nomads" these days

>>5678561
So einfach ist das leider nicht. :-(

Du zahlst Steuern auf jeden Trade den du nicht 1 Jahr gehalten hast. Wenn du also Bitcoin kaufst, nach 10 Monates es für Litecoin tauschst und das nach 5 Monaten für Ripple, zahlst du auf all das Steuern. Nur wenn du die gleiche Münze 1 Jahr lang hattest, ist der Gewinn steuerfrei.

https://discord.gg/hTqrxP

the best around

>>5676456
>Portugal announced it's not going to tax crypto?
Source?

>>5676735
What? Only 75k? I thought there were no capital gains tax, just capital tax of 0.35%

>>5676456
For eurocucks and amerifats,
>>5554083

>>5676456
Weird i was thinking this too at the other day and was wondering how hard would it be to get double citizenship there.

>>5680622
Check my post, but it is only for holding not trading

Estonian e-residency?

if its a corporation you pay.

sorry. its just for us citizens

Hey that's my post, OP.

Happy you reposted it as its own thread, but did you like it that much?

>>5680558
Deine Orderhistorie kannst du aber selbst schreiben :3

>>5676456
Where did you see that Portugal doesnt tax crypto? I am Portuguese and it is taxed as foreign capital gains, with a tax of 28%

>>5681378
It is not true tthat they dont, but check this
>>5678328

>>5676528
Would taking it as cash in Portugal work? And then you have to hide it under the mattress, but the bank in Portugal doesn't have to call anyone right?

>>5681378

Portuguese citizens are taxed on capital gains. Foreign citizens are not. Exactly the same as Malta and Switzerland.

>>5681216
made love to it twice my boi

>>5676456
For the moment here in Italy it's tax free as long you don't cash out more than 50k a week.
Also I don't mind paying taxes as long it's just on cashing out.

>>5681486
Yes but crypto is at least not tax free in Malta for foreign citizens. I asked a tax lawyer who asked the tax authority.

>>5681289
Wie?

Also kann ich einfach schreiben dass ich meintentwegen 10 Bitcoin am 31.12.2017 gekauft habe und am 31.12.2018 kann ich das steuerfrei auszahlen lassen?

Steuern und Krypto in DE haben mich schon immer verwirrt.

>>5681486
Proof? Spanish guy living in switzerland. Dont have the "schweizerpass" :-)

>>5681810
Kommt ganz darauf an wo deine Shitcoins liegen. Aber denke schon dass man gut damit durchkommen kann. Erklärungsprüfer im Finanzamt sind auch nur arme Schweine die keine Lust darauf haben.

GUYS OK OK, CHILL OUT:

Replace PORTUGAL with BELARUS or ROMANIA. Both EU, and both recently announced that for the next 5 years, crypto company gains are TAX FREE, as they're trying to attract investors to their country.

You HAVE to start a business or one-man corporation, that carries a flat cost. But is it possible?

Also because we're talking Belarus and Romania, there's a very real chance of corrupt government officials leaking information about your crypto gains and blackmailing you, but it might be the only way we can avoid the tax goblin.

>>5681810
Als ob das Finanzamt prüft, ob es genau die gleichen Bitcoins waren die du gekauft hast. Die verrechnen sich schon beim plus und minus rechnen, da sollen die sowas können.

>>5682013
Kennst du vielleicht die lage in der schweiz als ausländischer staatsbürger?

>>5682138
Nope, da musst dich informieren wie das in der Schweiz läuft.