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23 September 2019

Iranian Cryptocurrency Miners Offered Tax Exemption Conditions

Iranian Cryptocurrency Miners Offered Tax Exemption Conditions


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The Iranian National Tax Administration (INTA) has announced that cryptocurrency miners in the country will be given a tax exemption if they bring their foreign earnings back into the country, as reported by Financial Tribune, September 12, 2019.

Oil exporters are given a similar tax break, so this shows how devoted the Iranian government is to transforming cryptocurrency mining into a legitimate industry.

Miners in Iran will be elated at the proposition of tax-exempt earnings on cryptocurrency mining income?

Supporting Bitcoin mining may be a tactical move by the government to amass a medium of exchange that the United States has no control over.

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