The Czech president, Petro Pavel, signed a bill on Thursday that exempts cryptography users for paying taxes on long -term profits, a spokesman for the country’s Ministry of Finance on Thursday said Thursday.
“The principle is that if cryptoassets are maintained for more than three years, their sale will not be taxed, or transactions up to CZK 100,000 [$4,136] For year he will not be obliged to inform in the tax declaration, similar to the values, “said the spokesman.
The digitalization of the law of digitalization of the financial markets of the Czech Republic is now in the final stage of the legislation process and will take a weeks to be officially published. The country is a member of the European Union (EU).
A week ago, the Bank Board approved a proposal from the Governor of the Czech National Bank Aleš Michl that the Central Bank considered adding additional assets, such as Bitcoin, to its reservations was approved by the Bank Board.
The measure was not well received by the president of the European Central Bank, Christine Lagarde, who said he is confident that Bitcoin will not enter the reserves of any of the EU central banks.
