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21363973 No.21363973 [Reply] [Original]

Where should I move with my chainlink gains?

Pic related. In addition, Germany and Portugal have 0 capital gains taxes on crypto (for germany you need to hold for at least a year)

>> No.21364497

Man Belgium looks real good on the map, didn't know they have 0% capital gain taxes.

>> No.21364720
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21364720

>>21363973
This map isn't that good, it says Slovenia has 0% tax but that is true only if you have been holding the asset for 10 YEARS. Now that's some bullshit.
I'm planning germany since you need to hold for only 1 year and it's tax free. I can already speak some german so it's the only logical conclusion.

>>21364497
What's funny about Belgium is they are the only non-micro state in Europe to have unambigous 0% capital gains tax without a holding period, but they have the most brutal income taxes instead. Even if you're a min wage worker you get taxed at 40-50%.

>> No.21364910

>>21364720
What about Switzerland, Slovakia, Slovenia?

>> No.21364967

>>21363973
Slovakia's taxes are actually around 45 percent so that image might be misleading

>> No.21364973
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21364973

>tfw living in a country with no capital gains tax
Feels good bros.

>> No.21365016 [DELETED] 

>>21364910
0% in Slovenia afaik

>> No.21365029

>>21364910
In Slovenia, capital gains are taxed 27,5 %, which is not favorable at all. Like the anon above you said, it lowers through the years, but very very slowly.

>> No.21365079

>>21365029
Forgot to add that I have no idea why Slovenia keeps getting included in these lists. At least crypto to crypto isn't taxed.

>> No.21365210

>>21363973
netherlands also has 0% tax on crypto gains

>> No.21365232

Some Portuguese anon tell me how I cash out in Portugal. I’m a Canadian anon with duel EU passport.

>> No.21365295

>>21363973
Thanks for reminding for me that i will never make. Finland is ultimate cuck country

>> No.21365340

>>21365232
you get tax residency in portugal automatically after half a year living there

>> No.21365377

>>21365340
Wow. Will Canada want taxes from me too?

>> No.21365424

>>21365377
thats the tricky part. Depends on Canadian tax policy.

>> No.21365472

>>21365377
Look into Canadian double tax treaty with Portugal

>> No.21365530
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21365530

>>21364910
>What about Switzerland, Slovakia, Slovenia?
Switzerland is 0% immediately, they classify crypto as a foreign currency so no tax on that.
I'm no expert but I'd recommend Switzerland, Portugal or Germany. I personally prefer the sunny fields of Bavaria, but you do you old sport.

>> No.21365559

>>21363973
sup fellow marine, German lawyer here:

1. you really do not have to pay gain taxes after 1 year of holding crypto here, (§ 23 EStG). But beware, financial authorities may want full chronological disclosure of your transactions.


2. unfortunately you have to consider which country you emigrate from. If you're unlucky, your crypto gains get taxed there as well. Better look it up if there is some kind of government agreement between the two countries (Doppelbesteuerungsabkommen)

best of luck man, we're all gonna make it

>> No.21365662

>>21364910
Slovakia is 40% taxed on crypto

>> No.21365717

Slovenia resident here.

Slovenia indeed has 0% tax rate. But the 0% can only be achieved by under certain conditions. Those are informal and are sleected by FURS (Financna urad republike Slovenije):

Based on word of mouth from fellow countryman conditions are:
- generally less than 100 trades per year.
- you are employed and have a salary and do not live off of crypto gains
- small porfolio value

Those conditions are very vague, but there have been cases where 1 mil€ plus hodlers paid no tax and low level plebs with 10k€ paid 20+% tax because they have been trading like every day.

Sadly very complicated, but 0% is not unreachable.

>> No.21365772

>>21365662
Worse than denmark, your salaries are like 5 times smaller.

>> No.21365893

>>21365772
yes
Thats what you get when you try to run a country full of incompetent idiots

>> No.21366097

>>21365772
Depends on the field. The average says between 3 to 4 times smaller, but on It that could be reduced by half, and if you consider the cost of living...

>> No.21366577

>>21364720
>What's funny about Belgium is they are the only non-micro state in Europe to have unambigous 0% capital gains tax without a holding period

this isn't true, the rule is very informal and can be challenged at will by the tax authority
the standard rules still apply to get zero cap gains status: like no professional trader, got to hold for a time and need a day job
the problem is there is no law to give you a minimum holding period or max amount of trades per year, but if you are a hodler then yes 0% is still possible

>> No.21366692

>>21363973
the hetherlands doesn't have a capital gains tax, it has a wealth tax
on the total holdings you have at value of 31 december the state assumes you get an arbitrary 2% gains and taxes you 30% of those 2% wether or not you actually invest or not
so the netherlands is very good if you moon and cash out, but not so good to live with your new wealth