Last Updated: 4 December 2022
Profit Revolution is a software with which you can trade currencies like bitcoin over the internet. Besides the Bitcoin, there are also many other currencies that can be traded there.
Among the currencies that are traded in the shadow of the Bitcoin, you can find some that are very interesting and can also be traded. If you spend a few days and weeks trading, you will eventually realise whether you have a good hand for trading or not.
If you really manage to make a profit over a long period of time, you will also have to think about how you will pay tax on these profits in the end. You should actually ask yourself this question beforehand. You can find out why this is the case in the following text.
How can you profit from Profit Revolution?
Step 1: Click on the link to go to the official website of Profit Revolution.
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!
Pay taxes on profits at Profit Revolution
Taxes must always be paid on profits at Profit Revolution if they are higher than 600 euros within a calendar year. Often they are lower, so that you are exempt from taxes.
Nevertheless, you have to declare all profits in your tax return for that year, even if they are less than 600 euros. If you are not sure what exactly is considered a profit, you will be smarter in a moment.
What is the profit at Profit Revolution?
The profit at Profit Revolution is relatively easy to calculate. You only need to check how much you have deposited with Profit Revolution and how much you have withdrawn from Profit Revolution within the same year.
These two values have to be offset against each other and then you have the profit or loss that you have to declare in your tax return.
When should you withdraw your profit from Profit Revolution?
The profit from Profit Revolution must always be taxed or declared in the tax return. It always depends on the calendar year. So when calculating the profit, you should take a look at the year from January to December.
If you request a payment at the end of the year, it must be declared by 31 December in the old year and from 1 January in the new year. So if you move the payment at the end of the year back a bit, you can make the profit in the current year appear lower.
So if you are just on the borderline of the 600 euros, you can possibly save taxes with the deferred payment. Nevertheless, one must always bear in mind that the profits will then be higher in the coming year.