[EU TAXMAN] Does Bitstamp notify EU/my countrys TAX AUTHORITY about my BTCs? KYC

meanig

hero member

Activity: 531

Merit: 501

Quote from: alexanderrrr on March 04, 2014, 09:01:42 AM

Hi there,

Bitstamp have been all bitchy about KYC questionaires etc lately aswell has implenting the mandatory verification process not a long time ago. Maybe it's just pressure from banks.
But what happens with this information?

1) Does Bitstamp send the statistics/cashflow information of my account to the tax authorities in my country (EU)?
If yes, what sums $$?

2) I was wondering if it's 100% safe to request an withdraw to a bank located in Hong Kong, without being exposed by Bitstamp to the taxman where I live.

I know Bitstamp is not a bank but they almost act like one. Need to be 100% sure on this.

Hope you guys can help me out!
Thanks in advance

ps. I will never go near BTC-E, don't even suggest it Wink

What kind of KYC questionnaires do they have?

alfabitcoin

sr. member

Activity: 476

Merit: 250

As i know, you do not pay tax when you are trading bitcoins as a private person. You do not provide a service or goods to be taxed in the first place.
However, if you are having a company with assets in bitcoin you might have to declare it in company balance sheet.

jack0m

legendary

Activity: 3738

Merit: 2027

Quote from: alexanderrrr on March 04, 2014, 09:01:42 AM

Hi there,

Bitstamp have been all bitchy about KYC questionaires etc lately aswell has implenting the mandatory verification process not a long time ago. Maybe it's just pressure from banks.
But what happens with this information?

1) Does Bitstamp send the statistics/cashflow information of my account to the tax authorities in my country (EU)?
If yes, what sums $$?

2) I was wondering if it's 100% safe to request an withdraw to a bank located in Hong Kong, without being exposed by Bitstamp to the taxman where I live.

I know Bitstamp is not a bank but they almost act like one. Need to be 100% sure on this.

Hope you guys can help me out!
Thanks in advance

ps. I will never go near BTC-E, don't even suggest it Wink

answer by support:

Quote

Dear XXX,

thank you for your inquiry.

We can only disclose information when presented with a Production order or a Court order or a similar document.

Without such a document we are prohibited to disclose any private information of our users without breaching the provisions of our Privacy Policy and the Data Protection Act 1998. For more info, please see: http://www.legislation.gov.uk/ukpga/1998/29/contents

If you have any additional questions, please feel free to contact us again.

Best regards,
Miha Grčar
---
Bitstamp LIMITED
5 J. House, Calleva Park, Aldermaston, Reading, Berkshire, United Kingdom

alexanderrrr

newbie

Activity: 27

Merit: 0

remove

Topic: [EU TAXMAN] Does Bitstamp notify EU/my countrys TAX AUTHORITY about my BTCs? KYC (Read 1082 times)