- Abolition of VAT on Crypto Purchases: VAT on the purchase of crypto assets is eliminated, classifying them as securities, which are exempt from VAT.
- Increased VAT on Mining Services: The VAT rate on blockchain verification (mining) services is raised from 1.1% to 2.2% of the service fee.
- Compliance Requirements: Domestic and appointed foreign exchanges must report transactions using a unified e-withholding form, while exchanges providing e-wallet services are exempt from withholding obligations.
Source Orbitax
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