Sentences with phrase «taxation of digital assets»

But since there are various unanswered questions regarding the legal qualification and taxation of digital assets a lot of users struggle to calculate their taxable gains and losses and need help to fulfill their regulatory and tax declaration obligations.

Not exact matches

Deputy Finance Minister Alexei Moiseev told reporters that, «We categorize mining as a business activity» and went on to explain that because the proposed law contains no specific guidance on mining taxation, conventional tax laws will apply to the proceeds of digital asset mining operations.

With the IRS stating that bitcoin and other digital currencies are taxed as though they are property, the taxation of these online assets is confusing at best.