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Guidance issued on the VAT treatment of cryptocurrency transactions

On 31 March 2022, the Czech tax authorities published guidance on the VAT and income tax treatment of cryptocurrency transactions. The guidance addresses the tax consequences of crypto mining, the purchase and sale of goods and services for cryptocurrency, the exchange of cryptocurrency for traditional currency and other relevant transactions. Existing tax legislation in the Czech Republic generally does not include any special provisions on cryptocurrency.

Source: BDO

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