Starting in 2025, the Czech Republic will exempt Bitcoin and other cryptocurrencies from capital gains tax if they have been held for more than three years.
Starting in 2025, the Czech Republic will exempt Bitcoin and other cryptocurrencies from capital gains tax if they have been held for more than three years. This amendment, passed on December 6, 2024, aligns crypto taxation rules with existing regulations for other financial instruments like stocks. Under this law, earnings up to 100,000 Czech koruna from crypto assets will be tax-free. However, uncertainties remain regarding how the holding period will be calculated and the exact definition of digital assets. Experts view this amendment as a positive step for long-term Bitcoin investment. With this change, the Czech Republic joins countries like Italy, which have also reduced capital gains taxes on cryptocurrencies.
Source: cryptopolitan.com
