Albania to Start Taxing Crypto-Related Income From 2023 – Regulation Bitcoin News

Authorities in Albania to start taxing crypto-related income in 2023.

The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations.The Albanian state should begin collecting taxes on income from crypto assets as of 2023 in accordance with a new income tax bill, the local English-language portal Exit News reported on Friday. The government also hopes to pass a number of other laws and bylaws this year in order to comprehensively regulate the matter..

The Albanian law also defines cryptocurrency mining as an activity using computing power to confirm transactions and gain virtual assets in exchange. The extraction of cryptocurrencies has been a grey area although law enforcement has been going after illegal mining facilities in the country and pressed charges against some of their operators.

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