The government of Poland announced recently submitted amended income tax regulations related to cryptocurrency trading, according to the report of Polish news outlet Kryptowaluty.
It is expected that the updated framework for cryptocurrency regulation will be implemented at the beginning of 2019 after the approval of Poland’s President Andrzej Duda.
As it was stated, there are several key provisions in the draft amendments sent to the president. The most important one concerns the conversion of one cryptocurrency into another and the question of its taxation.
Thus, a tax rate of 19 percent will apply when digital assets are exchanged for a payment instrument, commodity, service or property right other than virtual currency, the draft states.
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