Income Tax

Income Taxation of Token Sales and Revenue Shares From an income tax perspective, a token sale can be grouped into the following: Token represents revenue Token represents share capital Token represents a liability (including asset-backed stable coins) (i) Token represents revenue: received funds qualify as taxable income. In practice, most common type of tokens, with … Continued


VAT of Token Sales The assessment of an ICO under VAT and the use of respective token depend on the token`s function and classification. Tax consequences are to be examined individually on the basis of relevant documents such as terms of agreement, conditions of use, the white paper, etc. Whether the sale of tokens is … Continued

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