Among other things, it is expected that measures will be established that will provide for:
– the inclusion of the costs of purchasing cryptocurrencies and digital assets in the assets acquisition presumptions, so that this expense is also added to the other presumptions of the tax office, on the basis of which the taxable income of natural persons is determined,
– the tax treatment (taxation and cases of exemption from taxation) of profits obtained from transactions with cryptocurrencies and digital assets, as well as
– the inclusion of profits from the sale of cryptocurrencies and digital assets in the amounts with which taxpayers can cover presumptions.
The fact that there are currently no provisions in the current tax legislation to regulate all the above issues allows huge sums that are currently traded and invested by Greek taxpayers in crypto-currencies and digital assets to pass tax-free. And this is because the amounts of money available to natural persons to acquire crypto-currencies and digital assets have not been included in the tax authorities’ documents, so that, since these amounts are not covered by the declared income of the acquiring natural persons, presumptive taxation is imposed, but also it is investigated whether their origin is not legal.
On the other hand, the absence of a legislative framework does not allow legally acting citizens to claim profits from the sale of cryptocurrencies and digital assets to cover the tax authorities’ presumptions, while at the same time it does not allow the taxation of any huge amounts of profit from investments in cryptocurrencies and digital assets .
The official secretary of the Ministry of National Economy and Finance, Emmanuel Antonopoulos, signed and issued on November 7 a decision establishing a 14-member Working Group to define the framework for taxation and control of cryptocurrencies and digital assets. The President of the Working Group will be the general secretary of Tax Policy of the Ministry of National Economy and Finance, Maria Psylla, and members – among others – the general secretary of the Financial Sector and Private Debt Management of the Ministry of National Economy and Finance, Theoni Alambasis, the president of the Commission of Capital Markets, Vasiliki Lazarakou, and the chairman of the Accounting Standardization and Controls Committee (ELTE), Panagiotis Giannopoulos.
And the wife will be able to to submit joint statement
A provision that changes the decades-old way of filing income tax returns by married spouses has been included in the new tax bill under consultation. According to this provision, which is included in article 81 of the bill, the joint income tax return of the spouses will now be able to be submitted by any of the two spouses and not necessarily by the male husband on behalf of the female wife. In other words, the wife will also be able to submit the joint declaration on behalf of her husband. In essence, the distinction between the two sexes is abolished, according to which only the husband can submit the joint declaration on behalf of the wife.
In addition, this provision provides that the first joint declaration of the spouses will now be submitted, in any case, in the year following the marriage. That is, it will not be allowed to submit a joint income tax return within the year in which the marriage took place, if it preceded the period for submitting income tax returns. In any case, the situation in which each of the two spouses was in the tax year for which the declaration is submitted will count.
Traffic: Traffic chaos in Kifissos – Stuck in Kifissias
Shock in Achaia: A woman was stabbed to death with her child inside their home – She was holding a knife
Land Registry: Deadline is Expiring – Step-by-Step Process
#profits #cryptocurrencies #taxed
