The taxation of cryptoassets raises a number of question marks. Interview for TouchIT

Lawyers from Highgate Group, who are part of the Ministry of Finance’s working team for the preparation of legislation, have drafted a legislative proposal for the taxation of staking in Slovakia and have submitted it for discussion.

Staking means holding cryptocurrency in a cryptocurrency wallet or on some exchanges, with the holder receiving a reward for doing so. Those who do so should, in theory, currently pay tax on that profit, even if in reality there is not necessarily an increase in the taxpayer’s wealth. If they do not do so, they may pay for it in tax audits in a few years’ time on the basis of loopholes in the law.

The aim of the Highgate Group’s proposal is that staking income should only be taxed when the staking profit is real. If Slovakia were to legislate staking, it would be one of the first countries in the world and perhaps a model for other countries. At the same time, this will prevent unnecessary lawsuits and litigation, which could arise in the future because of the ambiguous regulation today.

Full article here : https://touchit.sk/nova-legislativa-ohladne-kryptomien-pravnici-z-pracovneho-timu-ministerstva-financii-vypracovali-navrh-ako-zdanovat-staking/426541

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