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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Lucius
on 07/02/2025, 16:49:14 UTC
Quote from: xmrhopium on Today at 03:41:02 PM
Quote from: Leahized on February 06, 2025, 02:56:55 PM
Quote from: dderekwalcott on February 06, 2025, 01:48:10 PM
🇨🇿 Czech President signed a law removing the capital gains tax on #Bitcoin after 3+ years of holding.

https://x.com/BitcoinMagazine/status/1887495804224495968?t=M7ORkYO_5_qIfkaaUSRI2w&s=19
The Czech Republic just made hodling a national sport.

None of any taxes after three years, plus zero tax below hundred grand is better than what we currently have, thats all! Forcing people to hold for more than three years is damn already bullish. Therefore, anyone in the Czech Republic who chooses to do this will more than likely be in profit or at least close to it, this should encourage more people who do choose take advantage of this new policy to better understand Bitcoin and increase adoption. Afterall, I can sense a solid progress that what the government did.

If I am mistaken, the first country in the EU to pass such a law was Germany, where that period is 1 year, in Croatia it is twice as long and amounts to 2 years - while there was a lot of talk about how Portugal and Slovenia are very friendly when it comes to laws on taxation of cryptocurrencies, but I am not sure if that is still the case.

3 years isn't a lot, but it's not a little either - but anyone who invests for a longer period will certainly appreciate not having to pay capital gains tax after that period. Even though it sometimes seems that the EU as a whole is not very friendly towards cryptocurrencies, things still need to be looked at from country to country.