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Proposed amendments to GST/HST rules for cryptocurrency mining, part two

The proposed cryptocurrency-mining
tax rules contain an exception when a person performs the
cryptocurrency-mining activity for another person whose identity is known
to the first person and who doesn’t qualify as a “mining group operator” —
in other words, a co-ordinator of a mining pool.
In these limited circumstances — when someone mines cryptocurrency for
a known person who doesn’t co-ordinate a mining pool — s. 188.2 of the
Excise Tax Act doesn’t apply, and the cryptocurrency miner may need to
charge GST/

Source: taxpage.com

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