Taxation of Crypto Assets

Taxation of Crypto Assets begins with an overview of the technology and characteristics of crypto assets as well as the key tax concepts and types of taxes that could apply to them. The emergence of crypto assets has required taxation authorities worldwide to develop unprecedented policies and compelled tax lawyers to apply existing laws in new ways. One of its kind, this book provides a detailed country-by-country analysis of how the tax law of thirty-nine countries may apply to this rapidly developing area, including different use cases and compliance and documentation requirements.

What’s in this book:

Leading practitioners in each particular jurisdiction summarize the relevant tax law in that country. Fully explained are such aspects of crypto assets as the following and how they are interrelated:

• sales;
• exchanges;
• receipt as remuneration;
• forks;
• airdrops;
• mining;
• staking;
• initial coin offerings;
• security token offerings; and
• initial exchange offerings.

With a comprehensive overview of the tax rules regarding crypto assets in the most important jurisdictions, contributors describe how each jurisdiction applies income and capital gains taxation, value-added tax and sales tax, withholding taxes, transfer taxes, and gift, inheritance, estate and wealth taxes in the context of crypto assets.

How this will help you:

Tax law, as it applies to crypto assets, is new and continues to evolve. Providing an improved understanding of the policy choices that countries make in dealing with the taxation of this new technology, this book will be of practical guidance to tax lawyers on how to comply with the tax laws of multiple jurisdictions and will be welcomed as the premier resource by tax practitioners, government officials, advisors, investors, issuers, users of crypto assets, and taxation academics who are seeking informed awareness of the policy choices.