ethereum Archive - jinfa tax S.à r.l.

13 Oct Portugal proposes a taxation on capital gains from crypto trading starting from 2023

Posted at 14:21h in Crypto Currency

The cryptocurrency tax is levied on capital gains realized from cryptocurrency trading within a year of their acquisition. The cryptocurrency tax is supposed to be 28%. Capital gains referring to crypto assets held for more than one year exempt should be exempted from taxation. This...

17 Aug European exchange of information on crypto (DAC8) and digital platforms (DAC7) – What can be expected?

Posted at 14:32h in Crypto Currency

The European Commission's draft of the so-called DAC8 Directive is expected in the third quarter of 2022. This new directive aims at amending the current Mutual Assistance Directive to facilitate cooperation between tax authorities in Europe in crypto tax matters and enable an exchange of...

20 Dec Income tax rules of cryptocurrencies

Posted at 16:47h in Allgemein

A comparison of the (income) tax treatment of cryptocurrencies in Luxembourg with neighboring European countries. Currently, there are no standardized tax laws for the treatment of cryptocurrencies such as Bitcoin (BTC), Ethereum, Solana, Avalanche and Co. Nevertheless, some countries have already taken a more liberal approach...

20 Oct “NFT”: THE HYPE AROUND NON-FUNGIBLE TOKENS (“NFT”) AND TAX CONSEQUENCES IN LUXEMBOURG

Posted at 16:18h in Allgemein

What are NFTs and what is their significance? NFTs, or " Non-Fungible Tokens," are digital assets that are part of a blockchain. Unlike "fungible" tokens, NFTs represent a unique asset and are therefore not exchangeable like cash or Bitcoin (every one-euro coin has exactly the same...

08 Sep How is Liquidity Mining (DeFi) taxed in Luxembourg?

Posted at 13:50h in Allgemein

What is Decentralized Finance (DefI)? Along with the growing interest in cryptocurrency, Decentralized Finance (DeFi) is becoming increasingly popular. DeFi refers to a special ecosystem in the blockchain space that enables digital financial services. An explosion of DeFi cryptocurrency has been seen since February 2021 with...

18 Feb HOW ARE AIRDROPS TAXED IN LUXEMBOURG?

Posted at 14:15h in Allgemein

The term "airdrop" is simply a matter of certain tokens (coins) being distributed for free. A cryptocurrency holder receives additional units of a cryptocurrency without any action on his part. Thus, he does not have to pay for the cryptocurrency obtained through an airdrop. Often,...

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