Theft go up, colorized.
Discussion
This has to be just some part of it. Each country has a bit different way howthe taxes are structured and it often distorts various comparisons. Czech Republic often ranks as a low(is) tax country, but the biggest part of the taxes are hidden in the separate mandatory social and health security payments. Is it similar in Germany?
Of course the whole thing with VAT and all the new carbon credit tax on energy (which is a tax on f*ing everything) is much more in total.
One of the most funny taxes is the 40% tax on "crypto" gains in Slovakia. On one hand they say it's not worth anything, but at the same time they want 40% cut if you sell "nothing" for more than you bought it. Why not 110%? Isn't there 110% inheritance tax on crypto or something in Japan? 🤪
Thats sad, Slovakia was on the top of my list to live in.
In Germany you have to hold your BTC for at least 1 year, after this it is tax free for as long as there is no new regulation. The time frame starts new each time on the new sats you buy. But in all the other cases like income tax etc. germany fucks probably everything.
No "time test" in Slovakia nor in Czechia.
Though there is a chance there is going to be 3 year time test in Czechia. The proposal for it is allegedly going to be discussed by the govt early 2024. 🤞
