Last Updated: 26 May 2023
Ethereum Code is a software that can be obtained via the internet. It can be downloaded and installed completely free of charge. Once you have done this, all you need to do is open an account, which should take no more than 2 minutes.
You can use the software as soon as you have made a deposit. From here on you can proceed in different ways. The first variant is that you cannot be successful, especially as a beginner, and thus gamble away your money. In this case, you do not have to do anything further.
If, however, the other variant occurs and you can trade successfully with Ethereum Code, you have to deal with how you will pay tax on the profits in the end. This is a question you have to ask yourself immediately if you really manage to make a profit.
How can you profit from Ethereum Code?
Step 1: Click on the link to go to the official website of Ethereum Code.
Step 2: Fill out the form to get a FREE licence to trade.
Step 3: Follow the instructions on the platform to profit from bitcoin fast!
How are profits defined by Ethereum Code?
If you manage to have a higher account balance when you cash out than before, you have definitely done something right. In this case, it is a profit.
So you have to calculate the deposits against the withdrawals and you will see whether it is a profit or a loss. If the payouts are higher, you have to declare the difference in your tax return.
When do you have to declare the profits?
The gains are declared in the year in which you received the payout. If you do not want to pay tax in the current year, you can postpone the payment to a later date.
In this case, you would only have to declare the winnings in your tax return in the following year. In this way, users can choose for themselves when they want to pay the taxes.
When do you have to pay taxes?
You have to declare your profits in any case, no matter how high they are. However, if you stay under 600 euros, you do not have to pay taxes. However, as soon as this is no longer the case, taxes are also due.
If you only have the winnings up to 600 euros paid out, you can also avoid paying tax for the year in question.
Gains from crypto trading
If you trade bitcoin or other currencies, you may well make good moves in the coming days and weeks and thus earn profits. When it comes to profits, it doesn’t matter which coin or currency it is.
In the end, you have to treat them all the same and declare them in your tax return.