A question, i only did bought coti, never sold it,

Question

A question, i only did bought coti, never sold it,

and getting some apy. Do i still need to register a tax document to my country for the apy. Or do i only need to do that when i transfer or sell my holdings. Or is this a more of a kind of question, that ill need to figure out for myself? . (Im from belgium)

#coti #cryptocurrency #english

0

30.10.2023

10 ответов

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Prince || COTI

Totally depends on how your country’s laws are tbh. Perhaps other community members can help you with this. As for koinly, it only takes into consideration the rewards you withdraw and not the current accrued rewards for tax purposes.

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30.10.2023

Stefan | COTI Unity Node (testnet) Y

Belgium is a bit behind when it comes to a clear legal framework for crypto. For indiviuals it depends highly on how your trading activity is classified by the tax authorities. If it is regarded as simple management of a private assets it will be excempt from income tax. However if your activities in crypto are considered speculative, a flat tax of 33% applies. So it would be really good to have your taxes done professionaly as it really depends how your activitiy is classified. So a specialized tax accountant would very helpful.

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30.10.2023

wijnand is coti Автор вопроса

Stefan | COTI Unity Node (testnet) Y
Belgium is a bit behind when it comes to a clear l...

Yes i did read that to and watched videos about it, its not wise to day trade, and better just invest in a long term, also dont writdrawl it all at once, do it slowly.... But yes ill will ask about soon, anyway thanks

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30.10.2023

Stefanos | innovunode.io (afk)

wijnand is coti
Yes i did read that to and watched videos about it...

just move to a country where it doesnt tax crypto, and cash out there 😂🌭

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30.10.2023

Stefan | COTI Unity Node (testnet) Y

Stefanos | innovunode.io (afk)
just move to a country where it doesnt tax crypto,...

Doesn‘t work either. Most countries have an exit rtax when you move abroad. In that case you have to tax all the assets you own as if you had sold them all the day you move. 🙈

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30.10.2023

Stefanos | innovunode.io (afk)

Stefan | COTI Unity Node (testnet) Y
Doesn‘t work either. Most countries have an exit r...

well damn 😭

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30.10.2023

J F

Stefan | COTI Unity Node (testnet) Y
Doesn‘t work either. Most countries have an exit r...

Are we back in the dark ages of Feudalism? It is like a form of slavery 🤬

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30.10.2023