Finland crypto tax

Finland how to cash out without paying taxes?

There is currently no way of avoiding paying crypto taxes in Finland. 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.

The tax you owe is contingent on the nature of your transaction and your income level. In the case of capital gains, you will be subject to a 30% Capital Gains Tax on cryptocurrency profits exceeding €1,000, as long as your total capital gains remain below €30,000. However, if your capital gains exceed €30,000, the rate increases to 34%. In terms of income earned from cryptocurrency, you will be liable for Income Tax ranging up to 44%, dependent on your municipality and income amount.

Capital IncomeFinland Tax Rate
Up to €30,00030%
Over €30,00034%

Resource: https://koinly.io/guides/crypto-tax-finland/

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