cryptojournalist
New Tax Rules for Crypto Investors
The Czech government is working on new rules that could benefit people holding cryptocurrency for more than three years. Prime Minister Petr Fiala announced on December 6 that under the new plan, residents wouldn’t have to pay taxes when selling crypto after holding it for three years or more.
No Need to Report Small Transactions
Additionally, people wouldn’t need to report crypto transactions under 100,000 Czech koruna (around $4,200) per year. This means smaller everyday purchases, like buying coffee with Bitcoin, won’t be taxed or reported anymore.
Support from Lawmakers
The proposal has been backed by Czech lawmaker Jiří Havránek and was recently approved by the Chamber of Deputies. This is part of a broader push to align with the European Union’s MiCA (Markets in Crypto-Assets) regulations, aimed at bringing clearer rules to crypto businesses in the EU.
