Tax Authorities Crack Down on Crypto Transactions
Many investors seem to fail to realize that crypto asset gains are subject to tax.
The North Rhine-Westphalia tax authorities have accessed a large data package and are now chasing tax payments.
- Tax investigators in North Rhine-Westphalia are analyzing a large data package from crypto trading.
- The package comprises almost 4,000 tax cases.
The North Rhine-Westphalian tax investigation department is making progress in the fight against tax evasion on profits in cryptocurrencies.
The authority received the data package from a trading platform in response to a collective request for information, covering the entire federal territory.
Author's summary: Tax authorities target crypto transactions for tax evasion.
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