authorized – What to do whenever you genuinely do not perceive something about taxes, but are apparently anticipated to pay them in your Bitcoin?
I’ve simply learn a large webpage from Swedish Tax Company about Bitcoin. I am not attempting to “be cute” right here, however I have to say that I did not perceive a single factor of it. I perceive Swedish completely, but don’t have any clue in any way what’s being mentioned on that web page.
It does not appear to be obtainable in English, so perhaps it is not very helpful to hyperlink to it right here.
All I can interpret from the web page is that the federal government violently hates Bitcoin and I am supposed handy all of them my cash as a result of in any other case they (supposedly) will throw me in jail. Ever since I first received into Bitcoin, I’ve had zero ideas or intentions of ever giving anybody one single satoshi apart from the transaction charges. The idea by no means even struck me. It felt like one of many primary factors of Bitcoin to eliminate all that silly BS.
The principles for when and the way and the way a lot to pay, and even in what foreign money, are so extremely cryptic and sophisticated as to make me severely unable to grasp them.
If I can not perceive the legal guidelines/rules, what am I purported to do? They discuss every kind of kinds and particular instances and apparently anticipate me to calculate all types of issues and hand them enormous parts of my hard-earned BTC. I have already got so little, and now they wish to take a large chunk of that away?
I remorse attempting to learn up on this as a result of now it looks as if I can by no means purchase something (resembling a spot to dwell) and even point out that I personal any BTC or they will include the cops and drag me away to a cell and/or seize all my electronics. Or perhaps “simply” punish me financially with enormous charges or one thing. Once more, they make it extraordinarily unclear, however use a really hostile and boastful language.
I want I had been exaggerating and that I am simply “appearing dumb”, however I actually can not comprehend the data on that web page. It appears to me that it has been intentionally designed to not be comprehensible, as to make individuals who learn it scared and keep away from Bitcoin solely. How on Earth can different folks comprehend any of this? I am not legally “mentally challenged”.
What ought to I do? Re-reading the web page again and again is not going to assist, simply as doing the identical by no means helps me in different contexts. I do not wish to get into any hassle, however I additionally can not give them any of my Bitcoin, nor pay for any theoretical “features” that I’ve supposedly made, utilizing fiat. I’ve just about no fiat cash in any respect, and if I’ll purchase a house, I wish to do it straight with Bitcoin — not changing it to fiat. I do not know if that makes a distinction.
Apparently, I’ve the mind capability to cope with Bitcoin Core, and even automate it with its API, however nonetheless really feel like a 5-year-old youngster when seeing these tax guidelines. Not solely is it “boring”; it is totally nonsensical to me. Once more, it looks like they do it in objective. Nothing is made clear in any way.
If it issues: All my Bitcoin had been paid both with Localbitcoins in early 2013 (previous to KYC/AML, utilizing native financial institution switch), and later Bisq (no KYC/AML, P2P, SEPA financial institution transfers). I’ve by no means used any centralized trade, however it’s not like I have been absolutely nameless nonetheless.
I am clearly afraid of sending them a letter and asking about my particular state of affairs, as a result of then they are going to know that I’ve cash and doubtless begin pestering me about “unpaid taxes” or one thing. I severely by no means even thought of this till fairly lately, at present even. To me, Bitcoin was (and is) utterly separate from the fiat cash system, and thus their taxes can not apply to this. I used to be prompted to look into this after seeing any person point out taxes for Bitcoin in a USA context.