The new year has started again, which means that many people and companies have to file tax returns again. Extra money will also make the Tax Authorities happy again, but the agency has received a lot of criticism in the past few years. It turns out that it makes many people pay way too much tax.
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Many people pay too much tax
This is the conclusion of Inspector General Bart Snels of the Ministry of Finance to the AD. Of course, few people are fond of reporting their taxes. If no return is filed, the tax authorities will file taxes for that person. However, not everyone qualifies for this. which has led to unjustified fines in recent years.
It is not uncommon for people to lose track or forget to file a tax return due to circumstances. The tax authorities quickly hand out enormous fines if you forget to file your tax return, but according to Snels, this is not justified. Many people get into trouble unnecessarily.
Moreover, income and wealth tax does not apply to everyone, for example if you earn very little. In these types of cases, the Tax Authorities make an assessment, after which you will receive an automatic assessment. That can be very sour.
This is how you file a tax return as a crypto investor
You will also be taxed on your ownership of bitcoin (BTC) and other cryptocurrencies, which, like other assets, are considered capital. Below you will find a concise step-by-step plan to calculate how much tax you have to pay on your crypto and other assets.
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2024-02-07 22:26:42
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