Austria may impose a 27,5% tax on cryptocurrencies

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The government plans to equate assets with securities and introduce the corresponding taxation

Austria may impose a 27,5% tax on cryptocurrencies

11.11.2021 - 07:45

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What’s new? According to BNN Bloomberg, the Austrian government is considering the introduction of taxation for digital assets. If the new rules are approved, the tax may amount to 27,5%.

News on the BNN Bloomberg website

What changes are citizens waiting for? The authorities plan to equate digital currencies with securities and impose capital gains tax on them. This step is intended to standardize the terms and conditions of different types of financial assets for ordinary investors.

It is known that if there is a normal conversion of assets, no tax will need to be paid. Also, the new rules will not affect users who have purchased cryptocurrencies on their balance sheets before the law officially came into force.

Author:

Editorial GetBlock Magazine

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