Czech Republic Exempts Bitcoin Held for Over 3 Years From Capital Gain Tax ...Middle East

Czech Republic introduces a major law relating to crypto taxation by abolishing the capital gain tax on Bitcoin held for more than three years. The Czech Republic Parliament unanimously approved the new regulation today, exempting Bitcoin held for at least three years from capital gain tax. It is worth noting that the recent decision mirrors the country’s taxation on traditional financial instruments, like stocks.  Czech Capital Gain Tax on Bitcoin  For context, the country’s tax policy on Bitcoin comes in the form of a flat rate of 15% for individuals and 19% for businesses. However, the government applies a 23% standard rate on transactions exceeding a statutory limit of 1,935,552 CZK ($8

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