We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
The AI assistant for tax questions
Collaborate securely on your tax data
Share This Article
|
|
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...