What are the tax implications of trading cryptocurrencies for dollars in Poland?

1 answers

• josia hiebDec 29, 2021 · 4 years ago
  As a third-party expert, I can provide you with information on the tax implications of trading cryptocurrencies for dollars in Poland. The Polish tax authorities treat cryptocurrencies as property, which means that any profits made from cryptocurrency trading are subject to capital gains tax. The tax rate depends on the holding period of the cryptocurrencies. If you hold the cryptocurrencies for less than 1 year, the profits are taxed at a progressive rate, ranging from 18% to 32%. If you hold the cryptocurrencies for more than 1 year, the profits are taxed at a flat rate of 19%. It is important to keep accurate records of your cryptocurrency trading activities and consult with a tax advisor to ensure compliance with the tax regulations in Poland.
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