The government of Poland has introduced a new, but expected a bill clarifying rules for the taxation of cryptocurrency trading. Capturadora will no longer be taxed for every online transaction.
A new bill published on the website of the State legislative centre of Poland and is a modification of the “cryptology” adopted earlier.
Recall that in April, the Polish Ministry of Finance announced the introduction of “tax on transactions under civil law” for all cryptographic transactions. In its decision, it ordered residents to report in their tax returns all income from trade and exchange for digital currencies such as bitcoin, litecoin and ether. Given the number of operations that may be performed by the trader, this system of taxation seemed totally overwhelming.
But, a month later, after several demonstrations, demanding the withdrawal of this rather far-fetched tax authorities in Poland have realized how their decision is inapplicable to life. Then the official representative of the Ministry of Finance said in an interview that the Agency “realized the irrational effect” from your tax. Then the plans for the introduction of the new tax was abandoned and the Ministry of Finance promised to develop a “simple and transparent rules of taxation” in relation to cryptocurrencies.
Under the new bill, transactions with capturadora on the trading floors, will be exempt from tax. Now the income from the sale of goods and services will be taxed in the same way as traditional income. The bill applies to both independent traders and large companies.
However, in addition to excessive taxation, which was finally changed this year, the Polish government has several times demonstrated his negative attitude to the cryptocurrency market. Earlier this year it became known that the Polish Central Bank financed the campaign with bitcoin in social media, without notifying Internet users. And in may, Poland’s largest cryptocurrency exchange, Bitbay, announced that it is forced to move to Malta because of the impossibility of cooperation with national banks.