What are the tax implications of investing in cryptocurrencies in Ireland?

1 answers

• Dec 26, 2021 · 3 years ago
  BYDFi understands the importance of tax implications when investing in cryptocurrencies in Ireland. In Ireland, cryptocurrencies are considered assets, and any gains from buying and selling them are subject to capital gains tax. The current capital gains tax rate in Ireland is 33%. It's crucial to maintain accurate records of your cryptocurrency transactions and calculate your gains correctly to comply with tax regulations. If you receive cryptocurrencies as payment for goods or services, they are also subject to income tax. We recommend consulting with a tax professional or accountant who can provide expert advice on the tax implications of investing in cryptocurrencies in Ireland.
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