📢 New Tax Policy for Bitcoin Trading is Coming Soon!
With the fluctuations in Bitcoin prices and the development of the cryptocurrency market, Finance Minister Chuang Tsui-yun announced that within the next three months, policies to strengthen the audit of profits from Bitcoin trading will be formulated.
Trump's victory in the U.S. presidential election has led to another surge in Bitcoin prices.
Kuomintang legislator Lai Shih-pao is concerned about the taxation of profits from personal cryptocurrency trading and raised questions at the Legislative Yuan's Finance Committee meeting. The Ministry of Finance stated that transactions involving virtual assets are considered digital assets, and the profits from buying and selling should be regarded as property transaction income and reported in individual comprehensive income tax.
📈 The Ministry of Finance will formulate specific measures to strengthen audits within three months.
The Financial Supervisory Commission will also enact a special law to align with the Ministry of Finance's policies.
How do you think cryptocurrency trading should be taxed?
How will these new policies affect your investment strategy?
Are you concerned that future tax audits will affect your trading freedom?