Let's assume they are right. In that case your country literally forbids/punishes trading by over taxation. Not to be that guy, but you should have known this before moving... I mean traders choose locations based on the applicable taxcodes.
It is totally true that they want people keep their money in the country. There is 0% tax if you trade in Kazakhstani stock exchanges.
Moreover, they blocked most major US brokers. Even Interactive brokers were blocked for a while, but recently they allowed IB in Kazakhstan. So from all major US brokers only IB is in Kazakhstan
What is the penalty for late payment? Let's say if it is 30% for a year, you can treat it as an expensive loan. You maybe able to use the future tax money as trading capital and trade yourself out of the whole.
I don't know about the interest. But I don't need the loan, even with the tax I have enough funds to trade. It is just frustrating that I have to pay more than I earned. Plus I have to stop trading until I move to another country or create a company to trade. But I am so frustrated with the country that I would rather move somewhere else
I can proof that I made that money. can you? I can post here all my trades, with all previous years of tax report. Can you?
Understandable. But it would still be frustrating at 90% or even 70%. For comparison: "Across EU Member States, tax rates on capital gains average 18.6 percent, though they vary widely. Denmark charges the highest top rate of 42 percent rate. Finland and France charge 34 percent, while Bulgaria and Romania charge 10 percent."
I am just baiting you idiot. You looser wanted to have someone's strategy, because you only loose money on your fantastic CASH account. I can only give you lots of sh*t for free.