19%tax rate on digital currency for Poland

[bmg]

I'm sure most of you have all heard the famous quote "2 things in life are certain death and taxes."

Amended tax regulations Poland's president which includes Provisions referring to cryptocurrencies is expected to enter into force on January 1st 2019

There are several amendments sent to the president and one of the most important ones concerns the conversion of the cryptocurrency into another 

The Amendments fall of the temporary suspension earlier this year of a controversial decision to tax all transactions involving digital money regardless of profit or loss

I found this article to be very informative so if you like let me know what you think. 

https://news.bitcoin.com/poles-to-pay-19-tax-on-income-from-cryptocurrency-transactions/?utm_source=OneSignal Push&utm_medium=notification&utm_campaign=Push Notifications

[Kate]

7 minutes ago, bmg said:

I'm sure most of you have all heard the famous quote "2 things in life are certain death and taxes."

Amended tax regulations Poland's president which includes Provisions referring to cryptocurrencies is expected to enter into force on January 1st 2019

There are several amendments sent to the president and one of the most important ones concerns the conversion of the cryptocurrency into another 

The Amendments fall of the temporary suspension earlier this year of a controversial decision to tax all transactions involving digital money regardless of profit or loss

I found this article to be very informative so if you like let me know what you think. 

https://news.bitcoin.com/poles-to-pay-19-tax-on-income-from-cryptocurrency-transactions/?utm_source=OneSignal Push&utm_medium=notification&utm_campaign=Push Notifications

Well the tax on Cryptos are no Surprise to me but what has surprised me from this is that the tax rate is 19% which is like dreadful. A person who gets profit by selling only with cryptos will have to pay most of his profits to the tax revenue which would be dreadful. Hopefully they soon decide to reduce the percentage to something below 15% or maybe even below 10% so that businesses would have some good profits.