Austria how to cash out without paying taxes?
There is currently no way of avoiding paying crypto taxes in Austria. However, it is possible to route your crypto to a country with very low or no crypto taxation to cash out. This approach is an easy and legal way to reduce the cost of cashing out your cryptocurrency.
In Austria, a recent law, effective from March 1, 2022, has been enacted to comprehensively regulate the taxation of cryptocurrencies. This law was initially disclosed as part of the Ecosocial Tax Reform on February 14, 2022, within the Federal Law Gazette for the Republic of Austria.
For cryptocurrency users, this tax reform has implications for how they should handle the taxation of their digital assets. The primary factor influencing your tax obligations is the date of acquisition of your assets.
The specific acquisition date dictates whether your cryptocurrency holdings fall under the category of old assets or new assets. This classification determines whether you are subject to taxation on your crypto profits at the graduated income tax rate (for old assets) or at a fixed tax rate of 27.5% (for new assets).
Resource: https://coinpanda.io/guides/crypto-taxes-austria/
For more information from government site; https://www.bmf.gv.at/en/topics/taxation/Tax-treatment-of-crypto-assets.html
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