I am trying for a while to declare my crypto profits but it has been impossible since the tax authority in my country refuses to accept such incomes since there is no law. I am looking for alternatives and thinking of either creating a company setup or changing tax residency. Some choices for me are Switzerland, Luxembourg, Cyprus. I would prefer the first two countries, if anyone has any experience it would be appreciated to comment.
* All profits are legally made and come with proof of funds
I am trying for a while to declare my crypto profits but it has been impossible since the tax authority in my country refuses to accept such incomes since there is no law.
What country is this then? Do they not even allow calculation of income on a Mark To Market basis i.e equivalent crypto value in local fiat value?
