Reporting crypto transactions to the tax authorities is mandatory for transactions made this year.
Fines can reach 22,000 euros
The Tax Authority will now have access to significant information about who buys, sells, or holds crypto assets, making life difficult for taxpayers who fail to report this to the tax authorities. While reporting is currently mandatory, in practice, the system is not yet fully operational. Unregistered intermediaries will continue to operate on the fringes.
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