Taxation and Regulation of Cryptocurrencies – FUMBI Panel Discussion

The recent FUMBI Meetup on the topic of taxation and regulation of cryptocurrencies was also attended by Peter Varga together with Branislav Kováč from VGD and Radoslav Ihnát from BDO. In addition to the classic debate on how to tax cryptocurrencies in Slovakia, the panelists also discussed DeFi, reporting and the current and expected regulation of the crypto world. You can watch the entire discussion via the FUMBI channel on youtube.

DISCUSS:

ANSWERS TO QUESTIONS:

In case you are also interested in topics that were mentioned only marginally or not at all in the discussion, such as:

• How is income from staking, liquidity mining or yield farming taxed?
• Why is it not entirely appropriate to accept crypto for goods or services in Slovakia?
• It is not true that crypto is completely exempt from VAT = beware of VAT!
• How legally, tax and accounting for “airdrops” or LP tokens?
• Change of tax/tax residence and which countries?
• Can I give crypto to the company? Even to a foreign company and how?
• When do I commit a tax offence when optimising taxation on a crypt?
• What regulation is applied to:

• crypt counselling;
• investment programs for clients in the crypt;
• payment services at the crypt;
• Crypt custody;
• carrying out instructions at the crypt;
• etc.

You can contact Peter Varga or check out some of the online training courses for the crypt.

If you are interested in this topic, please do not hesitate to contact us.