I understand your perspective. In Malta we feel the situation is similar but adding to that there is over development which is destroying the place. too many people on such a a small island. The situation now is that Malta is life the pirate of the Mediterranean with all the corruption / money...
Must be the reason why I am over hearing many crypto related conversation lately while at the beach. I know its not polite but the words "bitcoin" and "bull run" get my attention.
As a resident I have never paid any taxes on crypto so far because enforcement is lax, but I was told by a...
I am sorry for you loss with SATA bank. this was a big story here in malta and i heard of many foreign nationals living here that they went to satabank because it was the only bank willing to open accounts for them as BOV would not accept them.
I am of the impression that you need to physically move out of a country to be able to change your tax residency. is that so? bit of a though thing to do for me.
Any one familiar with how crypto is taxed in Malta? This is what I found on the KPMG website which is a bit ambiguous.:
How and when are coins and tokens taxed in Malta?
Coins
The tax treatment of transactions involving coins would be identical to the tax treatment of transactions involving fiat...
I am looking at this option to secure my crypto portfolio and better tax planning, however I realized that if you open a corporate account on say binance, you still need to provide the UBO. Wouldn't that make the whole offshore structure useless, since you will still be taxed in your country for...
They basicslly want all wallet transfers to be identifiable as it happens in normal banks. In order for exchanges to be compliant they will do it and good buy privacy because they will know the last wallet oit of the exchange and can trace it back to you. If i have a non eu company registered...
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