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/biz/ - Business & Finance


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20873338 No.20873338 [Reply] [Original]

Are you supposed to pay taxes after or before converting to FIAT? Isn't there a risk of getting your bank account frozen and having to pay (((extortion fees))) if you cash everything out at once?

>> No.20873375

>>20873338
You pay taxes before, after, and basically whenever we tell you to, goy.

>> No.20873579

>>20873338
You pay once a year when you file your taxes. You pay a tax on crypto to crypto trades and crypto to fiat but not on fiat to crypto.

>> No.20873806

Man, I don't get taxes. Seems to me they take advantage of ignorance too. I got fined €4000 for not making a VAT declaration even though I never knew I had to make a VAT declaration. After that I'm paranoid as fuck about doing anything other than keeping my head down and being a good goy. I know about capital gains tax but is there anything else I need to know before I get shafted hard with fines?