Czech Republic Exempts Long-Term Crypto Gains from Taxation
- Czech President Petr Pavel signed a bill exempting long-term crypto gains from taxes.
- Cryptoassets held for more than three years will not be taxed upon sale.
- Transactions up to CZK 100,000 ($4,136) per year are not required to be reported in tax declarations.
- The Digitalization of the Financial Markets Act is nearing the final legislative stage.
- A proposal for the Czech National Bank to consider bitcoin as a reserve asset was approved by its board.
- European Central Bank President Christine Lagarde opposed adding bitcoin to EU central bank reserves.
The Czech Republic has enacted legislation that exempts long-term cryptoasset holdings from taxation, provided they are held for over three years or transactions do not exceed CZK 100,000 annually. This comes amid discussions on including bitcoin in national reserves, which faced opposition from European Central Bank leadership.
Source (2.6)https://www.coindesk.com/policy/2025/02/06/czech-republic-to-eliminate-taxes-on-long-term-crypto-gains?rand=52298
