Tax income and tax exempt

I spoke to a friend of mine who is heavily into stocks and shares and he confirmed that they are tax exempt

As for completing a tax return they are all done online now although at present there is no requirement to complete and submit one if your income  is below €19500 per year but you can do one if you wish to do so even if it's a nil return  but  be advised it is planned to be mandatory for every tax resident to complete one even  if it's a nil return . It just hasn't been invoked yet

Does your friend do audited financial statements?

Because I read that if your turnover (not profit), is more than 70000 euros self-employed and companies have to do it. I don't know if this the case for individuals.

I also found this on the Guidelines for the submission of the Income Tax Return:



I don't know if they are talking about trading of selling securities or other kind of trading that is not tax exempt. Like selling cars, etc...

I sell and buy securities once or twice a week. But I don't know if that's considered "regular basis". Because if it's considered regular basis then I would have to fill the income tax as self-employed and then do audited financial statements.

I guess then that it's gonna be mandatory to submit income tax return for 2021, right?

I don't know but will be seeing him tonight so can only ask

It may be best to contact the tax authorities here to get the information you require