A decision by the Polish government to tax crypto transactions, even those that do not return profit, has provoked discontent among traders in the country. The local crypto community has decided to protest against the official stance of the Finance Ministry with an online petition which is gathering support. Taxes on crypto-related income in Poland can reach 32%. Each purchase and sale will be taxed as a transfer of property rights, regardless of the end result for the parties.
The State Wants a Third of Crypto Incomes over €20,000
The Finance Ministry of Poland has recently published its official position on the taxation of cryptocurrency incomes and profits. The tax returns of Polish citizens should contain information about revenues from trade and exchange for cryptocurrencies like bitcoin, litecoin or ether, the department said.
Read more: https://news.bitcoin.com/poles-protest-unfair-taxation-of-crypto-incomes-and-profits
Topic: [2018-04-11] Poles Protest Unfair Taxation of Crypto Incomes and Profits (Read 92 times)
April 10, 2018, 08:33:20 PM
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