FISCAL SOLUTIONS...
News
Public Hungary Author: Kristina Dosen
Have you heard that starting January 1st, 2022, the income of individuals from cryptocurrency transactions in Hungary is considered to be a separate taxable income?
Category:

General information

Views: 973
Content accuracy validation date: 06.01.2022
Content accuracy validation time: 09:22h

The new rules that were created by the Hungarian tax authorities have made these new rules that a 15% tax on income is payable, the certified costs for the current year are eligible and tax credit can be applied. The tax must be declared and paid annually in the Personal income tax return.

The regulation applies to transactions where an individual transfers a cryptocurrency that is available to anyone, i.e. in a non-private transaction, as well as the transfers including the exercise of a right secured by a cryptocurrency, and thus earns income, not in a cryptocurrency but legal tender.

Other news from Hungary