Iceland how to cash out without paying taxes?
There is currently no way of avoiding paying crypto taxes in Iceland. 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 country enforces a 40% tax rate on cryptocurrency gains up to $7,000, and for amounts surpassing this limit, the tax rate rises to 46%.
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