DOI: 10.32725/978-80-7394-976-1.15

Cryptocurrencies in terms of tax burden for a specific entity

Kateřina Mazancová

University of South Bohemia in České Budějovice, Faculty of Ecnomics, Studentská 13, 370 05 České Budějovice, Czech Republic, mazank01@ef.jcu.cz

Cryptocurrencies are a modern phenomenon not only in terms of technological advancement, but also as a means of payment or investment. The aim of the paper is to evaluate the impact of dealing with cryptocurrencies in terms of tax burden for a particular entity. To assess the tax burden, personal and corporate income tax and value added tax are selected. The analysis is complemented by recommendations for optimising the tax liability and a list of consequences of not declaring income from cryptocurrencies. The conclusion summarizes the results, including the outstanding legislative issues of further taxation.

Keywords: cryptocurrencies, tax, VAT, comparison of personal and corporate taxation

pages: 96-100