Taxation of Cryptocurrencies in Poland
The Ministry of Finances keeps on fighting with cryptocurrencies in Poland. According to its last statement presented on the beginning of April, the annual personal income tax statements shall reveal also the revenues received by the taxpayer from cryptocurrencies trading.
Cryptocurrency as a property right
Regardless the above, the Ministry of Finance declared that each cryptocurrency is a property right. It means that sell of the cryptocurrency is subjected to civil law transaction tax amounting to 1% of the market value of sold cryptocurrency. This tax shall be paid by the seller.
Number of transactions
The most important in this case is the fact that cryptocurrencies traders earn mainly by performing sale-purchase transaction. Such transactions can be performed hundreds of times by only one trader during single day. The position of Ministry of Finance means that all traders shall paid the tax derived from each single transaction and filled the PCC-3 form to Tax Office.
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