Netherlands Proposes Crypto Tax Compliance To Align With EU Standards

Quick Summary:

Aligning themselves with the tax reporting rule on digital currency enacted by the European Union (EU), the Netherlands revealed its intention to apply tax monitoring rules on crypto. The Dutch government, an EU member, is obliged to accept and apply the new reporting requirement, a structure meant to assist EU member states in controlling digital currencies.

Tax authorities aim to submit the proposed measure to the country’s House of Representatives next year.

The Dutch government said that it wants to know the opinion of the public on the proposed tax monitoring law.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryNetherlands

Topics: Crypto tax Eu Bitcoin Crypto News Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 14:30:29 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23251727

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Official Website: bitcoinist.com

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News Last Updated: 8 hours ago

Coverage Areas: Hungary

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