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23 September 2019

France Won’t Tax Crypto-Only Trades, Will Tax Crypto-to-Fiat Sales

France Won’t Tax Crypto-Only Trades, Will Tax Crypto-to-Fiat Sales


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The author of the report also explains that such an approach to taxing cryptocurrency trading would help with tracking transactions, which he believes to be a common challenge in crypto-to-crypto trading.

More precisely, he explained that VAT is to be applied to cryptocurrency transactions only when they are used to acquire an asset or a service.

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cointelegraph.com
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