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Austria Introducing New Rules for the Taxation of Cryptocurrencies 17

12 November 2021

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Proposed Changes

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Austria

Austria's Ministry of Finance has issued a release announcing that new rules will be introduced for the taxation of cryptocurrencies as part of the recently announced tax reform package. The release notes that in the course of the tax reform, Austria is taking steps towards equal treatment of cryptocurrencies while ensuring more fairness for investors and uniform market conditions. The reform provides for the integration of cryptocurrencies into the existing taxation system for income from capital assets. Income from cryptocurrencies will be subject to a tax rate of 27.5%, which will be deducted provided that there is a domestic withholding...