Paying tax on Forex

[JohnSeed]

I can only tell you, don't f**k‍ with Danish TAX authorities. They may give away billions to smart people in the USA⁠ but if you are resident in Denmark they will f**k you forth and back regardless⁤ what you do.

Leave the country and take on a second citizenship or even give⁣ up your DK citizenship, so you will be free.

 

[b4mbish0]

I'll open a company in Moldova on my sisters name and tax the money on‌ her name. Easier and cheaper than paying 55% tax.

 

[KJK]

Does anyone in⁠ Denmark know you're also a Moldovan citizen? Did you use your Moldovan identity/Moldovan passport for⁤ something in the past, especially when communicating with some officials?

Do you have way of⁣ having a residential address in Moldova? Can you get utility bill or similar document for⁢ such address?

If the answer to the first set of questions is no, and answer︀ to the second set of questions is yes; then it is possible - though you︁ must remember it can backfire in a few years.

 

[Martin Everson]

Stop saying that‌ tax rate it gives me shivers thinking about it nai¤%.

 

[b4mbish0]

They know i have double⁤ citizenship sadly

Yes, i go to Moldova once in 2 months so this ain't a⁣ problem

Well, the easies way for me in this case is to open a account/company⁢ in my sisters name then.

Well, it's overall a very great︁ country with a truly good social system but when talking about taxation it's horrible)))

 

[Macky]

Since I am forex trader myself and I run a big forex site, I have‌ regularly newbies coming to me with the same question about forex and taxes.

Then when‍ I ask them if they already earn like 3 months in a row, they answer⁠ that they are just on demo account LoL.

First of all, make sure you are⁤ able to make consistently profit on forex, which is not that easy.

Then I would⁣ open a SRL in Romania and trading account with a broker under that SRL. 3%⁢ tax from revenue is not bad in my opinion.

 

[b4mbish0]

I am having consistent profit for more than a year now. However, it's not when‌ i want to start paying my taxes