Bitcoin friendly bank in Portugal?

[Horeskal]

I respect that , I’ve been reading that Croatia might be the next Portugal…with low taxes on short term gains < 2 years and 0% tax on longe term gains… I don’t want to him act the OPs original thread, but might be an option after further research…

Where did you read that Croatia might be the next Portugal...? As far as i know i came across Croatia by accident, didnt really see any articles about it, had somebody already written about it, can you post a link...?

Dubai just seems too much exotic, different culture, expensive, HOT as f**k and basically and artificial city in a desert.. i just dont like that idea i ngeneral too much :-(

 

[bigbill27]

I read this and the other thread about Croatia…

Croatia - Individual - Income determination

Detailed description of income determination for individual income tax purposes in Croatia

taxsummaries.pwc.com

It seems the caveat here is that it depends where you live in Croatia as each town has its own sur charge. Calculator is here Kalkulator za izračun plaće (Bruto u Neto i Neto u Bruto)

 

[Horeskal]

What was the other thread you read too about croatia please...?

Yes theres a surcharge (local tax), the surchage is on the basic level of 10% tax, so the surcharge totals like 1%- maybe max 2% (minimum is 0%), so your total tax ammount would be 10-12%, dependent of where you live, most places have around 1,5%... I wouldnt really call it ceveat at all , who really cares if u pay 10% tax or 11,5% tax ...?

What was the other thread you read too about croatia please...? Im interested in this

Thank you

 

[bigbill27]

I think the sur charge is higher … this is a good thread about it

https://www.reddit.com/r/eupersonalfinance/comments/rcizow

 

[Horeskal]

Thanks for the link .

I dont believe at all that the surcharge are higher... you posted some calculator, i saw similiar one (the same one) before. In it its clearly stated that the surcharge is for example 18% in Zagrev (the capital city), the surcharge is a tax applied on top of the "previous tax (ammount)"... That original tax is 10% (used to be 12% in the past)...

So if you make a net profit of lets say 100 000 USD, the 10% tax is 10 000 USD, the surcharge (the local tax; tax on top of tax) in Zagrev is 18% from those 10 000 USD, so thats additional 1 800 USD you would have to pay on tax. So in total, the tax is = 10 000 USD + 1 800 USD = 11 800 USD total tax from your net profit of 100 000 USD...

11 800 USD (the total tax) is 11,8 % from 100 000 USD (10% tax +1.8% surtax)

Where do u please get your understanding that the surtax should be higher...?

 

[bigbill27]

Since it’s so new, my advice would be just to reach out to a couple of accountants / lawyers in Croatia. Ironically , I have found Croatian lawyers to be very thorough and affordable. Explain your situation and see what their view is. I can’t imagine it will cost more then 1000 euros for a in depth consultation. I’ve heard good things about these guys Expat In Croatia but have not used them personally …