In practice, there have been situations where cryptocurrency investors did not derive any benefits according to their estimate, but the basis of this knowledge is largely a situation where there is no overview of the transactions carried out and no accounting of the income earned from them. The reasons for this type of assessment are mainly ignorance of the logic and regulation of taxation, reluctance to prepare tax accounting or an unclear understanding of which transactions should be accounted for and, in particular, for which transactions relating to goods and income, tax accounting must be prepared.
Ignorance of the legislation, however, does not exempt one from the obligation to comply with these requirements and from the inability or unwillingness to prepare a profit calculation and, consequently, failure to comply with the tax obligation will most likely result in the investor in the interest of the tax. authority in the end.
Also, in this situation, in addition to paying the tax amount, it is necessary to take into account interest of 0.06% daily, which is calculated on the amount of unpaid tax from the day the obligation arises. Based on the above, it is in the interest of both the tax administrator and the investor to avoid uncomfortable situations, unnecessary disputes and the obligation to pay taxes or interest resulting from ignorance.
The logic of taxation
Comment Read the comments
2024-01-18 11:33:00
mta-guide-how-to-correctly-declare-crypto-transactions