Which country introduced cryptocurrency taxes for the first time?

Austria was the first country to introduce changes to the current legislation - on 1 March, it will be 3 years since its citizens have been paying income tax on cryptocurrencies. For this purpose, the so-called ‘eco-social’ tax reform was carried out.

What cryptocurrency transactions are taxed in Europe?

In Europe, tax is paid on the following procedures: - purchase: in most countries, if the assets are purchased with conventional money, no taxation on the procedure applies; - sale of cryptocurrency for cash; - exchange of one cryptocurrency for another; - payment for goods and services; - receiving remuneration in cryptocurrency (income tax is paid).

What is the law governing cryptocurrency taxation in the European Union?

The Regulation on Crypto Asset Markets and Tax Transparency Rules applicable to Crypto Exchanges was adopted. The Regulation made it mandatory for cryptocurrency holders to inform the government of transactions for which they must pay taxes.

What are the risks of investing in cryptocurrencies?

- possible tax sanctions; - lack of uniform legal regulation; - fraud.

How to protect cryptocurrencies from risks?

Step 1. Create a legal structure as an additional protection against fraud. Step 2. Choose reliable storage methods (in particular, cold wallets). Step 3. Establish multi-level authentication (practice shows that this is a very effective way to protect virtual funds). Step 4. Check counterparties and carefully analyse contracts before signing them.

Cryptocurrency accounting and taxation in Europe: everything you need to know

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On the portal you can order the following products/services:
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    On July 1, 2023, the Ukrainian authorities lifted the quarantine and other restrictions imposed due to the COVID-19 pandemic. From now on, you do not need to provide proof of vaccination, a negative PCR test result or wear a protective mask to enter Ukraine.
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    Recently, the number of foreign travelers has increased in Ukraine. They visit the country for various purposes: volunteering, participating in humanitarian programs, filming reports or documentaries, setting up a business, etc. There are currently no cities in Ukraine that are completely safe. And although the main fighting is concentrated in the eastern and southern parts of Ukraine, the entire country is subject to regular rocket attacks.
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    What happens to foreigners and stateless persons who are not allowed to enter Ukraine?
    Foreigners and stateless persons who are not allowed to enter Ukraine, when attempting to enter Ukraine at a checkpoint across the state border of Ukraine, do not cross the state border of Ukraine and return as soon as possible to the state from which they came or to the state that issued their passport document. If it is not possible to return a foreigner or stateless person immediately, they stay at the checkpoint across the state border of Ukraine until their return.
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  All foreign citizens are required to have an insurance policy covering the costs of Covid-19 treatment in Ukraine.
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  According to the Resolution of the Cabinet of Ministers of Ukraine No. 1236, an insurance policy must be issued for the entire period of stay in Ukraine. The minimum period is not specified.
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  The insurance policy applies to foreign nationals, citizens of another state and stateless persons. There are no age restrictions: minors and people over 70 can buy insurance. In addition, insurance is mandatory for journalists, reporters, correspondents, opinion leaders, and media representatives. This is enshrined in the Law of Ukraine on Insurance (Article 7).
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  The insurance policy is valid on the territory of Ukraine, except for the temporarily occupied territories of Luhansk, Donetsk, Kherson and Zaporizhzhia regions and the Autonomous Republic of Crimea, as well as the territories of direct combat operations (front line).
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Table of contents

What cryptocurrency transactions are taxed in Europe?

How is cryptocurrency taxed in Europe?

What are the risks of investing in cryptocurrencies in Europe?

How to protect cryptocurrencies from risks?

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asked questions

Which country introduced cryptocurrency taxes for the first time?

What cryptocurrency transactions are taxed in Europe?

What is the law governing cryptocurrency taxation in the European Union?

What are the risks of investing in cryptocurrencies?

How to protect cryptocurrencies from risks?

VisitUkraine.Today is a service portal for tourists traveling to Ukraine and Ukrainians planning a trip abroad.

In addition to the help portal, we have created several other projects: