Bitcoin Forum
September 22, 2018, 03:56:55 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2018-05-09] Azerbaijan Will Subject a Tax on Cryptocurrency Net Sales  (Read 7 times)
Vladdirescu87
Sr. Member
****
Online Online

Activity: 672
Merit: 261



View Profile WWW
May 09, 2018, 07:30:13 AM
 #1

All generated revenues from cryptocurrency operations will be taxed in Azerbaijan, said Nidjat Imanov, Deputy Director of the Department of Tax Policy and Strategic Studies at the Ministry of Taxes.

Imanov made clear the position of his department during the Financial and Investment Forum that was held in the capital Baku. He stated:

“This is formalized as a profit tax for legal entities and income tax for individuals. If a person bought a cryptocurrency and then sold it after its price has increased, this amount is recorded as income and therefore should be attracted to taxation.”

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/azerbaijan-will-subject-tax-on-cryptocurrency-net-sales/



░░░░░░▄▄█▀▀▀▀▀▀▀▀█▄▄

░░░░▄█░░▄▄▄▄▄▄▄▄▄▄░░█▄
░░▄█░░▄█░░░░░░░░░█▄░░█▄
░░▄█░░░░▄███▄░░░░░█▄░░
░░░░░░░░░░░░░░░░░
░░░░░░░░█▄░░░░░░░
░░░░░░░░██░░░░░░░░░
░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░
░░▀█░░░░▀███▀░░░░░█▀░░
░░▀█░░▀█░░░░░░░░░█▀░░█▀
░░░░▀█░░▀▀▀▀▀▀▀▀▀▀░░█▀
░░░░░░▀▀█▄▄▄▄▄▄▄▄█▀▀
[Facebook] •--»  DECOIN  «--• [Bounty]
[World's leading Cryptocurrency Exchange and Trading Platform]
ANN Telegram Whitepaper Twitter
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!