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Topic: Exchanging among cryptocurrencies reflected in annual tax (Read 63 times)

newbie
Activity: 6
Merit: 0
Hi! I'm new in The Netherlands (I came from Spain to work in 2017) and I bought my first small amounts of ETH using my Spanish bank account through Coinbase/Gdax, and then I've been exchanging my cryptocurrencies in Binance. During this year (2018), I'll have to make my annual tax here in The Netherlands.

My questions are:
1. Do I have to pay taxes related to my investments in the Dutch annual tax if I earn or lose money due to my activity? (I guess yes). I will have to just justify the overall gain or loss?
2. What if I don't exchange any of my cryptocurrencies to EUR, but I exchange ones for others (like selling bitcoin to buy Ethereum)? Do I still have to pay for it or only when I withdraw the money as EUR in my personal bank account? I ask this because in Spain some people say you're supposed to do that.

Thanks a lot! Smiley
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