As a crypto user, it's important to keep up to date with the tax laws in your region. Our team of tax policy experts are here to help. Learn about Europe's Q1 tax developments here ⤵️
at 10% as “other income,” with an exemption for gains below RON 200 per transaction, if the total gain in one financial year does not exceed RON 600 .On April 4, Spain’s Official Gazette published theof legislation governing reporting requirements for crypto exchanges and related parties operating in Spain.
Details of the format of the annual declaration are forthcoming. The information to be submitted includes personal data of the persons or entities to which the virtual currencies correspond at any time of the year, either as holders, authorized persons, or beneficiaries, along with the currency balance as of December 31 of the year in question and information related to the acquisition, transmission, exchange, and transfer of any virtual currencies.
The case concerned a German resident couple that had challenged the taxation of EUR 3.4 million derived from the sale of various cryptocurrencies in 2017. Capital gains realized by a German resident from private transactions are currently taxable if the total gains are at least EUR 600 during the tax year and arise from the disposal of movable property within one year of the date of acquisition.
The provisions exempt individuals from personal income tax on crypto trading and investment profits, as well as income from staking and mining activities. These provisions also extend to crypto exchanges, providing exemption from corporate income tax and VAT.On January 13, Kazakhstan’s State Revenue Committee of the Ministry of Finance announced that, effective January 1, 2023, capital gains arising from the sale of digital assets are subject to individual income tax.
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