Poland Starts a Crypto-Tax Experiment

0
435
Poland’s crypto industry is looking cautiously to the new regulations which will require cryptocurrency traders to declare their revenues from the sale of cryptocurrencies in 2019 and subject them to a tax rate of 19%.

Starting this year, the tax authorities will treat cryptocurrency trades similarly to revenues from the stock market. However, in some cases, the tax rate is lower for crypto investors.

The Finance Ministry of the country with a population of around 40 million admits that they don’t know how many persons trade crypto in Poland now.

LEAVE A REPLY

Please enter your comment!
Please enter your name here