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No taxes (until 2023) on mining, selling/buying tokens. Here are details: • The rights of physical and legal entities in terms of token circulation are defined
by anorsich 9y ago
No taxes (until 2023) on mining, selling/buying tokens. Here are details:
• The rights of physical and legal entities in terms of token circulation are defined. Legal entities are
entitled to possess tokens, create and list their own tokens through HTP residents; buy, exchange
tokens and perform other operations using tokens only through the cryptocurrency exchanges and
cryptocurrency exchange operators.
• Individuals are entitled to possess tokens; perform mining; exchange tokens, buy and sell them for
Belarusian rubles, foreign currency, e-money, as well as present and bequeath tokens. The mining
activity of individuals, tokens purchasing and sale shall not be considered entrepreneurial activity.
• Tokens and revenues from operations with them shall not be subject to declaration by the
individuals.
• Turnovers, profits (income, proceeds) from various operations with tokens are not recognised as
taxable items until January 2023.
- neals 9y agoSo we're all setting up shop in Belarus to get our Crypto profits tax-free?
- charlesdm 9y agoThere are plenty of European countries and other tax havens that offer tax free gains with a much better track record of trustworthiness.
- ceasarby 9y agoLike who? Can you provide tax rates and track record, please?
- charlesdm 9y agoNothing an afternoon of Googling can't tell you. Too much work to list them all. Current and previous British crown dependencies (also the UK) are generally good. Unless you're an American. You'll probably be out of luck then.
- KamelAufAbwegen 9y agoYes, a lot of companys stopped do business with Americans. They are all afraid about the crazy US law system. Special in the last recent years, when the US government likes to see everybodys underwear, if you do business with US customers.
- anorsich 9y agoyou got it
- lowry 9y agoBelarus is finishing its first nuclear power station and wants to use the surplus capacity. Initially, they planned to sell it to Baltic countries, but these are in the EU, so it is not yet sure they will cut a deal. EU has a huge anti-nuclear, pro-carbon lobby.
- imhoguy 9y agoNuclear powered ASICs and GPUs without intermediaries, that would be a thing!
- rsynnott 9y agoMore like the EU has a huge anti-Belarus lobby (and for very good reasons). The Baltic countries mostly have their own nuclear plants, with no plans to close them; not that much anti-nuclear sentiment.
- lowry 9y agoDude, you are lying. Lithuania closed its last nuclear reactor, which had been generating 70% of its electricity, at the end of 2009, due to EU pressure. Latvia and Estonia never had one.
- rsynnott 9y agoLithuania's one was two elderly Chernobyl-style reactors which were already past their design life; shutting them was fairly reasonable. I thought Estonia had a couple, but apparently not.
- ceasarby 9y agoYeah, Lithuania making big deal out of this nuclear station. They aren't happy that it's based close to the border and they trying to say that it's not safe, blah-blah-blah, nobody will buy electricity and so on. Other countries don't have issues with this station though, EU checked it and found everything within norms. But every time something happens at the construction, like they pour concrete at the wrong spot, Lithuania blows the whistle. Lukashenka said that it will be build no matter what, and neighbors will have to deal with it.
- briandear 9y agoAt such odds with the standard HN complaints about people not paying their “fair share” of taxes.
- pzduniak 9y agoSome oligarch must've invested into cryptocurrencies, otherwise they wouldn't give a crap about it.
- anorsich 9y agoWe don't have oligarchs in Belarus :) Victor Prokopenia (https://www.facebook.com/viktor.prokopenya https://www.facebook.com/viktor.prokopenya), one of the most famous investors and businessman from Belarus is the one who actually influenced these changes.
- Turbots 9y agoso he's the oligarch...
- lowry 9y agoVictor Prokopenia was jailed in 2015 and detained for many months. Once he was released, he started consulting president's inner circles. This policy of carrot and stick is what prevents the appearance of oligarchs in Belarus. They are intimidated before they become too powerful to ignore. Very little information leaks about the reasons of such detentions and liberations.
- deleted 9y ago[deleted]
- ceasarby 9y agoThe reasons are well known, budget needs money and rich people are good source of it.
- bpicolo 9y agoThat's a weird set of colleges attended. 7 degrees, with Stanford and Full Sail both in the mix?
- anorsich 9y ago