Luxembourg Archive - jinfa tax S.à r.l.

30 Jun Travel Rule – Preliminary agreement reached in trilogue negotiations for Crypto – Transfers

Posted at 13:54h in Allgemein

With the press release of the European Council of 29 June 2022 (https://www.consilium.europa.eu/de/press/press-releases/2022/06/29/anti-money-laundering-provisional-agreement-reached-on-transparency-of-crypto-asset-transfers/), a preliminary agreement has now been reached in the trilogue negotiations for the so-called travel rule for crypto transactions. The aim of this travel rule is to introduce an obligation for providers 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...

19 Oct How is crypto lending taxed in Luxembourg?

Posted at 15:19h in Allgemein

What is crypto lending? Crypto lending is a lending transaction in which cryptocurrencies are given out on loan. This lending transaction is mostly carried out via special lending platforms of DeFi projects. Ultimately, it is nothing more than a crypto-based loan. On the corresponding platform, the lender,...

09 Mar CRYPTOCURRENCY IN LUXEMBURG

Posted at 14:10h in Allgemein

What is the current status and what is the current regulatory approach in Luxembourg? While cryptocurrency and crypto-assets are a technological and economic fact, there are still high legal and regulatory uncertainties regarding so-called "tokenomics". At EU level, it is safe to say that there is...

18 Feb NEW TAX CIRCULAR ON CRYPTOCURRENCIES IN LUXEMBOURG

Posted at 15:21h in Allgemein

WHAT IS THE NEW LUXEMBOURG CIRCULAR ON THE TAX TREATMENT OF CRYPTOCURRENCY IN LUXEMBOURG? The new circular on the tax treatment of cryptocurreny in Luxembourg of 26 July 2018: What are the contents of the new circular on cryptocurrency? The Luxembourg tax authorities have recently published their...

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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