1.8 C
Munich

IRS Proposes Government to Include Cryptocurrency Services in IRS Activity Table

Must read

The tax authorities identified the problem in a report prepared by a working group that studied the taxation of crypto assets

Getty Images

The tax authorities identified the problem in a report prepared by a working group that studied the taxation of crypto assets

Getty Images

The Tax and Customs Administration (AT) has proposed to the government that independent professionals earning income from cryptocurrencies can register as “cryptoasset-related service providers” in Finance, such as those who invest in virtual assets.

This was reported on Tuesday by the newspaper Público, which recalls what is the proposed category for listing cryptocurrency services in hiring activities for the purposes of the IRS does not currently exist.

Thus, self-employed workers earning income from crypto assets did not know how to identify themselves. Therefore, they resorted to existing CAE codes to announce cryptocurrency governance activities. Two such examples are CAE for “data processing activities, domiciliation of information and related activities” or for “other monetary intermediation”.

According to the newspaper Público, the tax authorities have identified this issue in a report prepared by a working group that studied the taxation of crypto assets. The government submitted a report to parliament on 10 November.🇧🇷

The Executive’s 2023 State Budget Proposal proposed the creation of a crypto asset tax regime that provides for an IRS rate of 28% for capital gains on assets held for up to one year.

The government wants crypto assets to be taxed at a rate of 28%, but makes exceptions. The federation says the proposal is “interesting”

Source: Observador

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Related