Tax-News | Business-News

Tax Treatment of cryptocurrencies (= virtual currencies: e.g. bitcoins)

LBG Austria - Summary: The Austrian Federal Ministry of Finance has just announced its legal opinion on the treatment of income tax and turnover tax of a business activity in connection with cryptocurrencies in Austria, depending on whether these are held in the company’s assets or in private assets. Cryptocurrencies are currently not recognized as an official currency in Austria.

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