How will profits from crypto be taxed? - Dokuzi: The draft law changes the current 15%. Losses are also taken into account
The tax on profits from investing in cryptocurrencies will also be based on how much loss you have had from this investment. The Ministry of Economy and Innovation has recently published for public consultation a draft law that regulates the crypto-asset market in the country.
Asked about this development, IT expert Shahin Dokuzi told Scan Television that this is a positive initiative for all those who currently invest in cryptocurrencies or are interested in investing in the future.
"If someone now wants to invest in cryptocurrencies and wants to show it to the bank or get the money, they have to pay 15% without calculating the loss. For example, if I invest 1000 euros and win 100, I will have to pay 15% of 1100, because technically it is my fault that I lose here, while in this case it will also be calculated how much you invest or how much the loss is, let's say the case of platforms in America. America has several of its own platforms that are licensed and it calculates the loss and profit ," the expert said.
He emphasized that investing in cryptocurrencies carries risk, so those who invest should know how it works and exercise caution.
"A law was passed in 2020 that you can trade or accept payments in cryptocurrencies, you have to pay a 15% tax, only this was something based and was not very detailed before. The investment part must be looked at carefully, to be honest, investing is very risky," said Dokuzi.
Instead of being physical money that is carried around and exchanged in the real world, cryptocurrency payments exist simply as digital entries in an online database that describe specific transactions.
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