[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 87 KB, 684x576, p.png [View same] [iqdb] [saucenao] [google]
28693073 No.28693073 [Reply] [Original]

The german tax laws fuck crypto holders in the ass.

Trading, mining, lending or staking gets you pay up to 40+% on taxes (if you don't hold your coins more than a year - ten if you stake/lend). If the tax officers decides you stake to much, for example, they can assume commercial trading and force you to register a business + paying business tax.

Not mentioning revenue in your tax declaration is a crime that puts you in prison and they can request the documents from you on every exchange that provides services in Germany.

How can one work around of any big exchanges when buying/trading crypto? Is it even possible to stay completely anonymous?

>> No.28693156

Goooooood question

>> No.28693602

>>28693073
cant you just open a bank account in belgium or holland or some more advanced country and cash out there? Or just move nigga

t.ein anderer deutscher

>> No.28693738

>>28693073
taxes are fucking sickening

>> No.28693941

>>28693602
Trust me, I am trying to get out this shithole as fast a I can. But it seems like I am trapped here for at least another year (until I got all my shit managed)...

>> No.28693962

>>28693738
How else is Shaniquah Abullah Goldberg going to feed all twelve of her children