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Know-How

Bitcoins: The personal income tax treatment of Bitcoin earnings

19-01-2018

Created in 2009 as a form of crypto-currency, Bitcoin has gained increasing relevance in the international financial milieu, serving investors as a refuge to protect their financial assets. A recently published piece of information by the Tax Administration now clarifies the fiscal treatment of earnings obtained from Bitcoin in what concerns IRS. This grants tax payers greater legal security, not excluding the possibility of a later regulation of Bitcoin, (namely as a transferable security) or a review of its legal framework.