Withdrawing 40,000EUR..

Divxup

Junior Member

Feb 11, 2017

166

38

• Feb 11, 2017

• #1

This is it , all my bitcoins are sold and all money in n26.com , i have debit card from them, and withdraws will start soon. card is issued in Germany, i live in Latvia

The thing is that i don't want to send all the money to Latvian bank account because i will have to pay tax, (income tax) (declaration) ........

But what will happen when i withdrawing from Latvian bank ATM , ~3000EUR, every singe day. What ATM can "see" ?? can Latvian bank get my identity trough other country issued debit card ?

How to hide that amount of money from Latvian tax ?

 

Divxup

Junior Member

Feb 11, 2017

166

38

• Feb 11, 2017
• Thread Starter Thread Starter

• #2

or should i drive to Estonia and make withdrawals there ?

 

neilbhabuta

Elite Member

Feb 10, 2016

1,673

392

• Feb 11, 2017

• #3

Set up a bank in isle of man or cyprus. No tax

 

bartosimpsonio

Elite Member

Executive VIP

Jr. VIP

Mar 21, 2013

24,780

31,560

• Feb 11, 2017

• #4

The real amazing thing is people will actually sign up for a SEO forum to ask how to hide money.

 

knowing25

Elite Member

Jan 1, 2014

1,707

517

• Feb 11, 2017

• #5

If you latvian citizen just pay your tax, be a good citizen.

 

D

Deleted member 719276

Guest

• Feb 11, 2017

• #6

How much is this scary tax ?

 

N

NoGameNoLife

Regular Member

Jun 21, 2014

245

71

• Feb 11, 2017

• #7

Following this thread...for educational purposses

 

Lauriat

Power Member

Oct 23, 2011

796

259

• Feb 11, 2017

• #8

yes, withdraw only from different country and you will be safe.

 

Lauriat

Power Member

Oct 23, 2011

796

259

• Feb 11, 2017

• #9

bartosimpsonio said:

The real amazing thing is people will actually sign up for a SEO forum to ask how to hide money.

Click to expand...

ow well this is serious question, but people here every single day make nonsense threads which read like they are high on something and thats ok, those threads get more replies that serious ones.

 

Q

qsm

Newbie

Feb 9, 2017

15

0

• Feb 11, 2017

• #10

Engage a international tax professional to help you move your money to offshore tax havens such as Panama, Cayman Islands or Luxembourg? Google Offshore Tax Havens for more information.

 

Jeepy

Elite Member

Jan 22, 2013

1,994

1,975

• Feb 11, 2017

• #11

You will pay almost the same amount of money every day for a withdrawing fee than just paying tax.

 

DanTe_0101

Supreme Member

Mar 2, 2012

1,329

1,028

• Feb 11, 2017

• #12

Good job selling bitcoin btw

 

dekadent30

Elite Member

Nov 10, 2008

1,910

1,036

• Feb 11, 2017

• #13

Withdraw smaller amounts everyday

 

Jeepy

Elite Member

Jan 22, 2013

1,994

1,975

• Feb 11, 2017

• #14

In Latvia if you are trying to withdraw more than 7k in one month, you will get a letter from govmnt asking where did you get it and why not paying taxes. And it does not matter that you have german card.

 

Divxup

Junior Member

Feb 11, 2017

166

38

• Feb 11, 2017
• Thread Starter Thread Starter

• #15

tehnikumapuika said:

In Latvia if you are trying to withdraw more than 7k in one month, you will get a letter from govmnt asking where did you get it and why not paying taxes. And it does not matter that you have german card.

Click to expand...

So better withdraw in Estonia then, BUT how they can see that is me withdrawing..

 

Jeepy

Elite Member

Jan 22, 2013

1,994

1,975

• Feb 11, 2017

• #16

Divxup said:

So better withdraw in Estonia then, BUT how they can see that is me withdrawing..

Click to expand...

Your card man, you are EU citizen. If you would get a payoneer card, then it would be ok.

I think in estionia is the same.

 

Divxup

Junior Member

Feb 11, 2017

166

38

• Feb 11, 2017
• Thread Starter Thread Starter

• #17

tehnikumapuika said:

Your card man, you are EU citizen. If you would get a payoneer card, then it would be ok.

I think in estionia is the same.

Click to expand...

I have payoneer card , and its also in MY name, so how it would be okay ?

just checked that my payoneer card is issued from wirecard solutions (UK!!)

 

Last edited: Feb 11, 2017

Blakereed

Regular Member

Apr 19, 2013

444

119

• Feb 11, 2017

• #18

Wire me the money - I will cash it out and fly to you for drop off. Sound good?

 

Divxup

Junior Member

Feb 11, 2017

166

38

• Feb 11, 2017
• Thread Starter Thread Starter

• #19

 

MMOalex

Junior Member

Dec 10, 2016

103

95

• Feb 11, 2017

• #20

neilbhabuta said:

Set up a bank in isle of man or cyprus. No tax

Click to expand...

It does not work like that my friend.
Most European countries (i assume OP is European) have a very strict rule against that, it doesnt matter if you live in XXX and have a company in YYY.

If you live in XXX and have company in YYY you still need to pay taxes to the XXX government.