💡 Kazakhstan requires declaring income from cryptocurrency 💰
In Kazakhstan, it is now forbidden to hide income from the sale of cryptocurrencies. All digital assets, securities, and shares in funds must be included in the declaration. 📋 It is important to provide data on the amount, purchase rate, and even the issuer of the asset. And what if you don't have supporting documents? Then you will have to declare everything! 😮
Tax is charged on the difference between the purchase and sale rates. If you sold for less, then tax is only on the "minus". 📉 Accounts in foreign banks also need to be declared, but brokerage accounts do not require declaration.
💡 Interestingly, in the USA, investors are already facing tax evasion charges, like Frank Richard, for example. So it’s worth considering, as cryptocurrency is coming out of the "shadow".
👉 The bitcoin rate is rising, but it remains a risky asset. What do you think: will bitcoin ever become an international reserve currency? 🤔 Or will quantum technologies still pose a threat to it? 🌌
