I'm supposed to do a report every time I get paid - which means every week, which is completely insane. Therefore, if someone makes such an insane request, I think we can agree that paying taxes on the earnings from signature campaigns is by no means an option for people in my situation.
Given that I live in an extremely corrupt country where in the last 8 years about 30 ministers have been fired or resigned due to corrupt actions, believe me I sleep peacefully when I know that my money did not go into their pockets.
What is that real you need to file a report every time you get paid, here in my country Just the same as zasad@ that you need to fill in a year.
What country do you live in bro? just curious
and maybe if I were Op I would not going to record any money that comes from the mixer neither from signature or my personal fund since the mixer in my opinion is kinda in a grey area at least for the regulator. so better opt-out.
I understand that tax authorities in different countries are improving tax collection, but I don’t think that everything is so serious that they would waste resources on users who earn about $100 a week. I think that the spent resources of the tax authorities will not pay off. If my tax office required me to report for each payment, then I would receive bitcoins for the subscription campaign to an unofficial address, and then every quarter or year I would transfer bitcoins through an exchange for Monero from the unofficial address to the official one and pay taxes.
But sometimes it is better not to report coins, and you will not be asked questions.
You are only overcomplicating things isn't? Since you are sending your signature campaign earnings throught Monero, and then into an exchange, you are just going to get your dox attached to Monero transactions, and exchanges are increasingly more anti privacy coins, and I suspect governments wouldn't be a fan as well. So that really does not fix anything. Once you cash out, either your bank or your government could ask for proof of funds as well. Not really a solution imo. Either you don't report it, or you try to be as clear as possible if you report it. The problem is, if you don't report it, then what do you do with the coins? You cannot barely do anything with crypto if you don't convert it to fiat anyway.
In my country there is no problem exchanging cryptocurrencies for cash.
If you use a bank, you can legally transfer money to a self-employed account and pay 4% tax. There are limits of $26,000 per year, but according to the law, the tax office does not have the right to conduct audits and I am not required to keep accounting records.
If you use the exchange, then without KYC and this is more for the mixer function.
