{"id":25526,"date":"2022-02-04T13:23:39","date_gmt":"2022-02-04T12:23:39","guid":{"rendered":"https:\/\/so-mare.pl\/income-tax-calculation-for-cryptocurrencies\/"},"modified":"2023-12-19T12:53:20","modified_gmt":"2023-12-19T11:53:20","slug":"income-tax-calculation-for-cryptocurrencies","status":"publish","type":"page","link":"https:\/\/so-mare.pl\/en\/income-tax-calculation-for-cryptocurrencies\/","title":{"rendered":"Income tax calculation for cryptocurrencies"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"zastanawiasz-sie-w-jaki-sposob-rozliczyc-podatek-dochodowy-od-transakcji-kryptowalutami\">Are you wondering how to calculate income tax on cryptocurrency transactions?<\/h2>\n\n<p class=\"wp-block-paragraph\">Despite the fact that virtual currency is increasingly used as a means of payment in Poland, its legal status and tax reporting issues can still be challenging. By choosing our accounting office&#8217;s services, we can help you solve this problem by offering specialized assistance in areas such as: <\/p>\n\n<ul class=\"wp-block-list\"><li><strong>Providing consultations on cryptocurrency taxation<\/strong> &#8211; we will explain the principles of tax reporting and effectively choose solutions that will allow for tax savings.<\/li><li><strong>Calculating transactions involving digital currency<\/strong> (including, among others, Bitcoin, Ethereum, Litecoin, XRP, Tether)<\/li><li><strong>Tax optimization using cryptocurrencies<\/strong><\/li><li><strong>Consulting on conducting an ICO (Initial Coin Offering) procedure<\/strong><\/li><li><strong>and much, much more.<\/strong><\/li><\/ul>\n<h2 class=\"wp-block-heading\" id=\"regulacje-prawne\">Legal regulations<\/h2>\n\n<p class=\"wp-block-paragraph\">Currently, cryptocurrencies are not defined in Polish tax law, and as such, they are not recognized as an official currency or electronic money. However, it&#8217;s important to note that despite this fact, activities such as <strong>trading or mining cryptocurrencies<\/strong> require tax reporting. <\/p>\n\n<p class=\"wp-block-paragraph\">As a result, income from cryptocurrencies is subject to a tax rate of <strong>19%.<\/strong> Income, in this context, is understood as the difference between the revenue obtained from the sale of digital currency and the incurred costs. These calculations are made in the annual <strong>PIT-38<\/strong> tax declaration. <\/p>\n\n<p class=\"wp-block-paragraph\">At the same time, legal complexities and individual interpretations regarding certain solutions, such as the <strong>exchange of one type of cryptocurrency for another<\/strong>, are becoming more common. Each case, therefore, needs to be considered from a different perspective &#8211; which is why it&#8217;s worthwhile to invest in professional assistance.<\/p>\n\n<p class=\"wp-block-paragraph\">If you still have doubts regarding aspects related to cryptocurrency taxation, <strong>our team will help you create an individual action plan and present possible solutions.<\/strong> Thanks to our services, you will save time associated with preparing the required documentation &#8211; we will handle the entire process for you and strive to choose the most advantageous form of reporting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you wondering how to calculate income tax on cryptocurrency transactions? Despite the fact that virtual currency is increasingly used as a means of payment in Poland, its legal status and tax reporting issues can still be challenging. By choosing our accounting office&#8217;s services, we can help you solve this problem by offering specialized assistance [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-25526","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/so-mare.pl\/en\/wp-json\/wp\/v2\/pages\/25526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/so-mare.pl\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/so-mare.pl\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/so-mare.pl\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/so-mare.pl\/en\/wp-json\/wp\/v2\/comments?post=25526"}],"version-history":[{"count":1,"href":"https:\/\/so-mare.pl\/en\/wp-json\/wp\/v2\/pages\/25526\/revisions"}],"predecessor-version":[{"id":25527,"href":"https:\/\/so-mare.pl\/en\/wp-json\/wp\/v2\/pages\/25526\/revisions\/25527"}],"wp:attachment":[{"href":"https:\/\/so-mare.pl\/en\/wp-json\/wp\/v2\/media?parent=25526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}