- Jan 22, 2008
- 5,791
- 8,181
KAS is polish IRS - tax department connected with assault armed squad to guard polish goverment's money.
Few days ago KAS sent a letter to polish crypto stock exchange companies, to reveal full data about users:
-transactions crypto-crypto
-transactions crypto-fiat
-ATM transactions
-full user profiles, according to KYC policy some stocks have it very detailed with documents
There can be arround 40 000 regular traders and 300 000 not regulars crypto buyers (thx to last hype).
The crypto value for last year, only for one polish stock is 1 bln $ went via Bitbay in transations.
...and what is the best, KAS with Finance Ministry made an interpretation about crypto taxation.
Users needs to pay:
-income tax after success trade, it's 18% or 32%, or 19% for small companies
-TRANSACTION TAX EVEN WHEN YOU BUY AND LOOSE, 1% for crypto-crypto transactions
Then imagine this transaction tax when somebody was trading daily and was making thousands of transactions/day and /month. Even he has deposited 1000 usd and withdrawed 900 usd, he can have to pay few millions of tax! It's FUCKING SICK!
What now?
-stocks are talking with KAS, negotiations with lawyers
-letter to prime minister signed by 20 000 people
after fail:
-individuals will go to administration courts after any KAS letters
-hundreds or thousands people will run abroad
100% sure:
-crypto is killed in Poland
-stock exchanges will run abroad but for sure, nobody will trade in company who sent database to KAS
Few days ago KAS sent a letter to polish crypto stock exchange companies, to reveal full data about users:
-transactions crypto-crypto
-transactions crypto-fiat
-ATM transactions
-full user profiles, according to KYC policy some stocks have it very detailed with documents
There can be arround 40 000 regular traders and 300 000 not regulars crypto buyers (thx to last hype).
The crypto value for last year, only for one polish stock is 1 bln $ went via Bitbay in transations.
...and what is the best, KAS with Finance Ministry made an interpretation about crypto taxation.
Users needs to pay:
-income tax after success trade, it's 18% or 32%, or 19% for small companies
-TRANSACTION TAX EVEN WHEN YOU BUY AND LOOSE, 1% for crypto-crypto transactions
Then imagine this transaction tax when somebody was trading daily and was making thousands of transactions/day and /month. Even he has deposited 1000 usd and withdrawed 900 usd, he can have to pay few millions of tax! It's FUCKING SICK!
What now?
-stocks are talking with KAS, negotiations with lawyers
-letter to prime minister signed by 20 000 people
after fail:
-individuals will go to administration courts after any KAS letters
-hundreds or thousands people will run abroad
100% sure:
-crypto is killed in Poland
-stock exchanges will run abroad but for sure, nobody will trade in company who sent database to KAS