Latvia will impose cryptocurrency transaction tax of 20 percent

In February the Ministry of Finance has prepared amendments on the taxation of cryptocurrencies and mining. According to the documents, the sale of coins will be subject to personal income tax at the rate of 13 percent and the miners will independently choose the system of taxation. The financial regulator of Latvia does not provide its citizens the freedom of choice — there’s cryptocurrencies will be taxed on capital of 20%. This writes Bitcoin.com.

Cryptocurrency will impose a tax

According to the representative of the Ministry of Finance, tax is charged on capital existing when you sell the cryptocurrency. Thus, it will need to pay at the time of the transaction.

With the position of the Ministry of Finance to accept the Commission of financial and capital market. The regulator believes that cryptocurrency is a risky asset and a tax effectively legalizes digital money in the country.

While in Latvia there are no laws regulating the industry, but one of the local banks allows you to invest in cryptocurrencies. Now the Ministry of Finance prepares a report on the possible benefits of legalization of digital money in the country. It is expected that the final position of the officials will take until the end of 2018 — once the European Parliament will make its recommendations for circulation coins.

Earlier, the countries-participants G20 took the decision to abandon the international regulation of the cryptocurrency. According to the Ministers, citizens have the right to use the digital money as an alternative to the national currency and the current economic system. In addition, the cryptocurrency may have a beneficial effect on the welfare of users.

Subscribe to our channel in the Telegram. There are a lot of memes and knowledge.

0 Comments on “Latvia will impose cryptocurrency transaction tax of 20 percent”

  1. I am the lead web developer for the E-mail Extractor and Online Search Engine Harvester by Creative Bear Tech – creativebeartech In short, this online search engine scraper can scrape the majority of the search engines, including Google, Bing, AOL, Yandex in addition to social network sites platforms including Facebook, Instagram, Twitter, LinkedIn, Yellow Pages, Google Maps and so much more I imagine it will be a lot easier if you read the comprehensive guide at blockchainlifemag 2019 05 21 guide-email-extractor-and-search-engine-scraper-by-creative-bear-tech The software application is not official yet, but as soon as it is, it will be available on creativebeartech We are presently beta testing the program and seeking beta tester and software reviewers You will get the full licence key for the software and can even scrape B2B contact details for your own specific niche If interested, please give me a shout on Facebook facebook Creative-Bear-Tech-2284249764963533 or just reply to this thread

  2. What do you guys make of peachesandscreams co uk I totally love and want to get their Leopard Open Front Teddy as a Holiday season pressie for myself 😀

  3. Hi everybody! I was thinking whether or not anybody would love to join me as a hemp and CBD product reviewer? I have already received a considerable amount of cbd products from leading brand names just like C Better Daily I likewise have a considerable amount of CBD and hemp items to send out to CBD and hemp reviewers, consisting of CBD Tinctures, CBD Lotion and CBD For Health I likewise do vape reviews and am searching for a vape reviewer also to review the following eliquid brands (will be sent to you): Baebacc Tobacco E-Liquid, Juicy Co E-Juice and Vapor Maid E-Juice Many thanks guys and have a fabulous day! You can reach me at allvapestores

  4. We are presently taking on new product reviewers to review our new y underwear Lingerie pieces such as High Neck Embellished Lace Bra Set:-) If you are interested, let me know on mystyleunion

  5. Good Afteroon I would like to invite you to register with Sweaty Quid, the leading freelance site where you can hire freelancers for all your business needs as well as list and sell your own services for free You can register at sweatyquid and If you have any questions, do let me know Welcome to the mothership

  6. Good morning! I was wondering if anyone can help me with selecting some new e-liquid brands for our global vape marketplace allvapebrands ? Next Week, I will be expanding my eliquid stable by taking on the following eliquid companies – Riot Squad eLiquid Made In UK E-liquid, Candy Collection E-Juice, DSRT eJuices , Mango Unchained by Sy2 Vapor and Sweet & Sour Eliquids What do you make of the brands

  7. Good morning, We would love to take this opportunity to invite you to post your company on All Vape Stores, a popular CBD and Vape Shop Submission Site A Little Bit about Us – All Vape Stores is a world-wide CBD and Vape Store Submission site that is aimed to aid folks discover their local CBD and vape stores We already receive more than 100,000 distinct and highly-targeted visitors a month, mainly from the UK and UNITED STATES We achieve such a strong internet site target traffic number by running a very successful CBD and vape blog site precisely where we deal with the most up to date CBD and vape industry news, reviews and user guides We likewise send frequent weekly newsletters to our subscribers when we ease new guides By listing your business with All Vape Stores, you will receive an opportunity to cultivate your brand’s direct exposure, web site traffic and consumer base Clients will have the capacity to get in touch with you via a contact form directly on your business listing web page In the same manner, you will get a link from your profile which will help you with your S E O backlink building for organic online search engine rankings To list your business, please head to: allvapestores We eagerly anticipate seeing you on-board Kind regards, All Vape Stores Team

  8. Hi, I am the primary developer behind the Google search engine Scraper and E-mail Extractor by Creative Bear Tech I am trying to find potential beta software applications testers If anyone is interested, please let me know You can DM me right here or send me a message on creativebeartech

  9. We are presently looking for people to review CBD product lines from various CBD companies on our blog at cbdlifemag If anyone is interested, feel free to respond here or DM me and I will get some CBD items, including CBD Isolate, CBD Snack and CBD Beard Care sent to you for your review

  10. Good morning everyone! I am the affiliate supervisor at Peaches and Screams UK Seductive Underwear Shop I want to invite you to sign up with the globe’s most well-known and absolute best paying toys affiliate program I believe that it’s an excellent fit for targetdomain because every person enjoys hot lingerie as well as toys All you have to do is register, place a couple of advertisements and also links on your blog and the moment people make a purchase via your blog, you make a good commission! You can join right here: peachesandscreams co uk pages lingerie-and- -toy-affiliate-program or Google PEACHES & SCREAMS LINGERIE AND TOY AFFILIATE PROGRAM I look forward to seeing you onboard!

Leave a Reply

Your email address will not be published. Required fields are marked *