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PIT treatment of income from cryptocurrency: new SRS opinion (2/21/18)

In a publicly available article of 12 January 2018 we set out our thoughts and the SRS’s opinion about how personal income tax (PIT) should be applied to income from cryptocurrency. At that time the SRS believed that income from cryptocurrency is other income (without deduction of expenses) that attracts the standard rate of PIT, i.e. the progressive rate in 2018. The SRS has now changed their mind.

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