NEW TAX FORMS FOR MONITORING CRYPTOCURRENCY TRANSACTIONS

Recently, the Tax Agency has approved two new forms, 172 and 173, in order to carry out a more exhaustive monitoring of the traffic of virtual currencies and their declaration. Both forms are for the informative declaration of virtual currency balances (172) and for the informative declaration of transactions with virtual currencies (173). The filing…

VIRTUAL CURRENCIES AND THEIR TAX IMPLICATIONS

For years, virtual currencies, also known as cryptocurrencies, have been increasingly present in different transactions in national and/or international commerce and have always been exempt from taxation. However, one of the new features of the 2021 income tax return is the declaration of cryptocurrencies through a specific box for this purpose, thus raising various questions…