Tomorrow is May 1, the deadline for your tax return. If you have received an invitation from the Tax Authorities to make a declaration, you must arrange that today. Is that not possible? Then you can ask for a delay.
What should you think about?
What many people do not know or are wrong in mind is that you just have to pay tax on Bitcoin and Crypto. The fact that Bitcoin (BTC) was invented by Satoshi Nakamoto as a currency that falls outside the power of governments does not mean that digital coins are untaxed.
Otherwise you could also remember that your shares are unloaded from today and fall beyond the power of governments, but unfortunately it doesn’t work. Bitcoin and other crypto coins should therefore also be given neatly.
Furthermore, it is important to know that the tax authorities look at the value of your bitcoin on the reference date, for this declaration that is 1 January 2024. So it is therefore about how much bitcoin you had at the time, and for the value you have to take a course of that day.
Tax -free
Another point that is relevant for your declaration is the tax -free foot. In principle you don’t have to take that into account, but if your assets do not exceed 57,000 euros, you will not pay any tax on it.
Do you have a tax partner? Then that amount even increases to 114,000 euros. To see if you get that amount, you must add crypto, savings, investments and other assets (think of the second home) together.
If you are above that limit, you pay wealth tax on the amount above. The tax is calculated on the basis of a fictional return, not on what you really have earned.
Fortunately, the government’s system does that automatically, so in principle you only have to fill in your assets. Do this especially, because it is pretty awkward if you want something with your assets years later and then you run into the lamp.
Source: https://newsbit.nl/deadline-belastingaangifte-is-vandaag-bezit-jij-bitcoin-regel-dit-dan/
