{"id":144173,"date":"2024-12-07T11:00:49","date_gmt":"2024-12-07T09:00:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144173"},"modified":"2024-12-07T04:06:59","modified_gmt":"2024-12-07T02:06:59","slug":"czech-republic-introduces-tax-free-crypto-gains-for-long-term-holders","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/czech-republic-introduces-tax-free-crypto-gains-for-long-term-holders\/","title":{"rendered":"Czech Republic Introduces Tax-Free Crypto Gains for Long-Term Holders"},"content":{"rendered":"

This reform<\/a><\/strong>, passed by the country\u2019s parliament on December 6, is set to be implemented starting January 1, 2025.<\/p>\n

Under the new tax guidelines, Czech residents will benefit from this exemption if their crypto transactions generate less than CZK 100,000 (about $4,000) in annual income. Additionally, digital assets that are held for a minimum of three years before being sold will also be free from taxation, encouraging longer-term investments in the crypto space.<\/p>\n

Prime Minister Petr Fiala publicly backed<\/a> <\/strong>the move, stating that the new regulation aims to simplify the tax system for cryptocurrency holders. He emphasized that the policy would support the growth of modern technologies and improve conditions for cryptocurrency investors. Fiala also reassured citizens that assets held for over three years would no longer be taxed when sold.<\/p>\n