📣 Cryptocurrency Tax: Two Different Taxes are on the Agenda!
1️⃣ The first type of tax will be called transaction tax and will be at a low rate such as Banking and Insurance Transactions Tax (BSMV). According to the information obtained, this tax rate is expected to be around 5%. The aim is to ensure that a certain portion of the income obtained from this field is taxed, without scaring the crypto market.
2️⃣ The second type of tax will be called withholding tax and will be applied to crypto assets, just like securities such as bonds and stock markets. The purpose of this tax is to prevent earnings from crypto assets from being smuggled abroad. The withholding tax rate is planned to be zero. In this way, crypto asset holders will have the obligation to file a declaration and declare their earnings.
Stay tuned for all the developments! 💚 @Last of Crypto
