Are you an EU citizen? if yes then there are a few options where Crypto is TAX FREE.
As an example:
1- Germany [Portugal is similar]
On February 27, 2018, the Federal Ministry of Finance (BMF) has clearly expressed its legal position on the VAT treatment of Bitcoins. Referring to the ECJ’s judgment, the tax offices will – from now on – have to treat transactions in Bitcoin and other cryptocurrencies as VAT exempt.
Source: https://www.winheller.com/en/banking-finance-and-insurance-law/bitcoin-trading/bitcoin-and-tax.html
If you are not an EU citizen you will have to apply for residency and be there for 12 months
before VAT exemption applies. As has already been mentioned transferring a substantial amount
of FIAT to your normal bank account could result in an investigation into possible money laundering.
Topic: Crypto friendly countries, where and how to exchange your crypto with 0 taxes - page 2. (Read 545 times)
January 17, 2021, 07:45:53 PM
January 15, 2021, 01:30:29 PM
Crypto friendly =/= crypto tax free.
Every government is running on the tax collected from their citizens so if you are going to involve your bank account for the conversion then you are liable to pay the taxes as per your government rules, if not then its tax evading.
The smart way to avoid paying taxes even when you involve your bank account by means of p2p which is suitable for small amount not for huge amount but still its an evading ethically.
Every government is running on the tax collected from their citizens so if you are going to involve your bank account for the conversion then you are liable to pay the taxes as per your government rules, if not then its tax evading.
The smart way to avoid paying taxes even when you involve your bank account by means of p2p which is suitable for small amount not for huge amount but still its an evading ethically.
January 15, 2021, 10:28:23 AM
I have some bitcoins that I've kept for a couple of years and I'd like to sell them for a profit, without paying a big tax on it, and then to transfer the money through bank transfer to my country. Here in my country I'd have to pay 20%, which is not acceptable.
You don’t want to pay taxes, but at the same time you want to involve your bank in the whole thing? If it is a larger amount of money, each bank will ask you about the origin of the money or will automatically report it to the tax office if required by law. If you want 0% tax then you have to sell your BTC for cash in the form of a transaction in person or find an ATM that does not have KYC - or a physical store that deals with the sale/purchase of cryptocurrencies.
Of all these countries, you are missing one in which you can really sell significant amounts of crypto without paying any taxes, without being a resident of it or without using any documents
January 15, 2021, 09:11:09 AM
In my country we pay up to 53% in capital gains tax.
20%.... just pay your taxes man.
20%.... just pay your taxes man.
January 13, 2021, 09:57:50 PM
If you do not want to pay for taxes, maybe tries a P2P trading where someone can buy your bitcoin at a given price point with cold hard cash, make sure that it will be a physical P2P trading so there will be no problem. I do not know much about crypto taxation because in my country there is hardly no tax even if we were to withdraw at banks.
January 12, 2021, 05:16:00 PM
I have some bitcoins that I've kept for a couple of years and I'd like to sell them for a profit, without paying a big tax on it, and then to transfer the money through bank transfer to my country. Here in my country I'd have to pay 20%, which is not acceptable.
Well you still won't get any kind of exemption even if you sold your cryptocurrencies to a tax exempted country, taxation simply doesn't work like that since the tax that will be applied to you is the one where you are currently residing in regardless whether you have sold your cryptocurrency internationally. The profit/capital gains you will have from that sale of crypto would still be taxed at 20%, actually you might just be risking yourself to a scam looking for a buyer online on a international country with you having little to no experience with dealing it. My advice is for you to just pay your tax as I don't see any way around it but try to look if you have some kind of tax exemption or lower rates for assets held over the year since several countries have lower rates on long-term held assets.
January 12, 2021, 04:07:50 PM
I have some bitcoins that I've kept for a couple of years and I'd like to sell them for a profit, without paying a big tax on it, and then to transfer the money through bank transfer to my country. Here in my country I'd have to pay 20%, which is not acceptable.
you need to establish tax jurisdiction first---often a timely and difficult process, and one which usually requires that you establish residency. in malta for instance, that takes physical presence on the island for more than 183 days/year and also the general intent to reside there. they don't want people renting an empty house while living abroad and using malta solely as a tax shelter.
establishing residency in a second country for tax purposes also does not automatically remove your tax liability in your home country. that depends on the tax laws where you currently live and/or do business.
January 12, 2021, 03:18:11 PM
countries that are crypto friendly when it comes to paying income tax.
~ The Netherlands
Lol ~ The Netherlands
Maybe you should explain what you call "crypto friendly". If you mean it's legal to earn money in crypto, and then sell it, then yes, it's a great country for crypto! But if you mean the income tax percentage, it's not that great: you pay either 37.1% or 49.5%. That's not just on crypto, it's on all income.
Wanting to go to another country, exchange your bitcons for fiat and transfer them by bank transfer to your country doesn't seem very smart at first sight.
That screams "money laundering" indeed! 
January 12, 2021, 03:11:23 PM
How much are we talking about? It's not the same to want to change $10,000 as it is to change $1,000,000.
To make things legal if you want to exchange large amouts you would need to move to the country you are exchanging the bitcoins in. You should get the tax residence there. Wanting to go to another country, exchange your bitcons for fiat and transfer them by bank transfer to your country doesn't seem very smart at first sight. If you live in a developed country the most likely scenario is that your bank will inform your IRS or equivalent about all the transfers that surpass $3,000.
I have some bitcoins that I've kept for a couple of years and I'd like to sell them for a profit, without paying a big tax on it, and then to transfer the money through bank transfer to my country. Here in my country I'd have to pay 20%, which is not acceptable.
To make things legal if you want to exchange large amouts you would need to move to the country you are exchanging the bitcoins in. You should get the tax residence there. Wanting to go to another country, exchange your bitcons for fiat and transfer them by bank transfer to your country doesn't seem very smart at first sight. If you live in a developed country the most likely scenario is that your bank will inform your IRS or equivalent about all the transfers that surpass $3,000.
January 12, 2021, 01:32:13 PM
Hi there
I read that there are some countries that are crypto friendly when it comes to paying income tax.
These countries are: Germany, Singapore, Portugal, Malaysia, Malta, Belarus, Switzerland, The Netherlands, The Cayman Islands, Slovenia, Puerto Rico.
Is there someone from these countries that has exchanged crypto for a profit and has paid little or no taxes on it?
I have some bitcoins that I've kept for a couple of years and I'd like to sell them for a profit, without paying a big tax on it, and then to transfer the money through bank transfer to my country. Here in my country I'd have to pay 20%, which is not acceptable.
I read that there are some countries that are crypto friendly when it comes to paying income tax.
These countries are: Germany, Singapore, Portugal, Malaysia, Malta, Belarus, Switzerland, The Netherlands, The Cayman Islands, Slovenia, Puerto Rico.
Is there someone from these countries that has exchanged crypto for a profit and has paid little or no taxes on it?
I have some bitcoins that I've kept for a couple of years and I'd like to sell them for a profit, without paying a big tax on it, and then to transfer the money through bank transfer to my country. Here in my country I'd have to pay 20%, which is not acceptable.
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