Czech Republic: Proposed exemption from individual income tax for income from transfer of cryptoassets

Proposal would follow principles similar to those applicable to exemption for income from transfer of securities

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October 8, 2024

A proposal to exempt from individual (personal) income tax income from the transfer of cryptoassets has been presented to the lower house of Parliament (Chamber of Deputies).

The proposed exemption, which would be effective January 1, 2025, would follow principles similar to those applicable to the exemption for income from the transfer of securities.

  • Income test: Total gross income from sales of crypoassets (other than electronic cash tokens) for the tax period cannot exceed CZK 100,000, and the taxpayer’s gross income for the tax period cannot exceed CZK 40 million.
  • Time test: The cryptoassets must have been held by the taxpayer for more than three years immediately before transfer.

Read an October 2024 report prepared by the KPMG member firm in the Czech Republic

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