Tax-Free Crypto? Czech Republic Sets a Bold New Standard
The Czech Republic has approved a crypto-friendly tax reform, exempting digital assets from capital gains tax if held for over three years starting January 1, 2025.
Annual crypto income under CZK 100,000 ($4,000) will also be tax-free, with retroactive benefits for assets acquired before 2025 under certain conditions. Prime Minister Petr Fiala emphasized the move’s focus on simplifying taxes, encouraging long-term investments, and fostering innovation.
Aligned with the EU’s upcoming MiCA framework, this reform positions the Czech Republic as a top destination for crypto investors, alongside Switzerland and the UAE.
Clever Robot News Desk 9th December 2024
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