In China, they propose to introduce taxation of cryptocurrencies

The official Chinese newspaper on taxes, China Tax News, called on the Chinese government to introduce taxes on cryptocurrencies, despiteeffective general ban on digital assets.

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However, according to the words of the Chinese journalist Kolin Vu, who was the first to publish this news, if this scenario is being realized, this is the root of the story.

I added that for the taxation of the rate, it is not necessary to clarify the situation in relation to the fact that the related industries are taxed.

“China should improve the correspondingthe mechanism of declaring and registering property, as well as registering for the proper name and dynamically keeping track of the owner of the property.

 

“In addition, in judicial matters, such asfines and registration, reorganization, mergers and acquisitions, liquidation of bankruptcy, etc., it is necessary to explain the handling of virtual currencies in order to avoid tax

It seems that in the note to the newspaper the tax bureau of Lody of the State Tax Administration took part in it.

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