PwC has released its 2022 Global Crypto Tax Report offering insight into key trends, developments, and challenges presented by developments in the global crypto tax space.
The report highlights the trend of increasing tax regulation targeting the digital assets sector, as governments and bodies such as the Organisation for Economic Cooperation and Development (OECD) and European Union (EU) seek to create tax policy that keeps up with the pace of technological innovation. However, there is still a disparity in the coverage, definition, and tax treatment of digital assets between jurisdictions.
This year’s report includes tax insights from 39 countries and covers emerging trends around crypto tax policy, including crypto-asset tax information reporting, taxation of crypto finance and decentralized finance (DeFi), and value added tax (VAT) and goods and services tax (GST) issues around non-fungible tokens (NFTs).
Source PwC
