I have increases in my wallet shall I declare them?

I have increases in my wallet shall I declare them?

This is a very good question!

What would you do if you had increases in your share value of stocks?

Would you declare them in your tax return?

This question is better to be answered by your local tax expert as the treatment varies from country to country. 

In Cyprus I believe there is no need to declare it unless you converted it to FIAT.

But these cssd have not yet been examined by the Cyprus Income Tax Office - so some reservation with regsrs this answer!

I will buy my house with Cryptos. Is this ok?

The method of buying something is not so relevant really.

What is relevant is the soucre of funds and if these funds have been taxed. If you are buying a house or a car with Cryptos or any other banking solutions and these funds are not taxed, in the event of an investigation the Income Tax Office will taxed you on undeclared income on the amount of the house at the year of purchase to date + a flat penalty + cumulative fines.

The total tax with the cumulative penalties to be paid could equal the house cost!

Depending when the investigation will take place - how many years back the penalty and fines will accrue!