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This has been somewhat curtailed this year; right now profits from crypto assets are usually exempted from tax if held for at least a year and pay 28% otherwise
by cataphract 4y ago
This has been somewhat curtailed this year; right now profits from crypto assets are usually exempted from tax if held for at least a year and pay 28% otherwise. This is a much more favorable treatment than other financial assets, which normally pay 28% if held for over a year, but if held for less an year and you make around 80k can be added to your work income and pay the usual income tax rates (which is already 50.5% over 80k).