RATE Group | Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland
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Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland

26 Oct Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland

Posted at 01:42h in Bitcoin News by

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Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland

Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading.

Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates

Polish Taxpayers to Declare Crypto-Related Income

Ministerstwo Finansów unveiled this month the new PIT-38 (personal income tax) form which will simplify the reporting and settlement of taxes related to cryptocurrencies. The form will be used by private individuals residing in Poland. The country’s finance ministry claims it will make crypto taxation easier and more transparent.

Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland

The updated form allows Polish taxpayers to enter proceeds from the sale of virtual currencies and provide data about the costs of acquiring digital coins and tokens. Investment costs from consecutive years can…

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