The country's supreme court ruled on two cases in which users acquired $BTC before 2013 and sold between 2017-2018
The Justices of the Supreme Court of Denmark have handed down two judgements on whether the sale of Bitcoin under certain circumstances qualifies as a taxable event.a party who gained profits from selling Bitcoin acquired through several purchases and donations was required to report the sale as a taxable event, adding the purchase was “made for the purpose of speculation.
Both cases considered by the supreme court involved the acquisition of BTC between 2011 and 2013, with sales between 2017 and 2018, suggesting a price difference in the thousands of dollars. The court cited sections of the country’s National Tax Act, noting it had considered the first seller’s intent to eventually sell the coins based on a post in a 2011 Bitcoin forum.
“The Supreme Court finds that the received Bitcoins must be considered assets acquired with a view to later turnover as an integrated part of [the first party]’s business with the development and operation of software for Bitcoins,” said the ruling. “They cannot be considered at the time of sale to have been transferred to be [their] private property or assets.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin profits are taxable, Denmark's Supreme Court saysSelling bitcoin in Denmark comes with a tax burden, the country’s Supreme Court said, upholding a prior High Court ruling.
Consulte Mais informação »
3 Things That Will 'Continue to Plague Bitcoin': Steve HankeProminent Bitcoin critic professor Hanke shared why, for him, buying Bitcoin is 'fool's game'
Consulte Mais informação »
Supreme Court Mulls Amgen Bid to Revive Cholesterol Drug PatentsAmgen sought to convince the US Supreme Court on Monday to revive patents on its cholesterol-lowering drug Repatha, while rival Sanofi urged the justices not to stifle competition for therapies to address a common health risk.
Consulte Mais informação »
'Huge Blow to the Rule of Law,' Donziger Says of Supreme Court Decision on Chevron Case'The three liberal Supreme Court justices decided to let Donziger's absurd contempt conviction stand,' said one observer.
Consulte Mais informação »
Liberals unite with Trump Supreme Court nominees in decision against federal land grabSupreme Court Justice Sonia Sotomayor, one of the court's three liberal members, was joined in her majority opinion by three appointees of former President Donald Trump in siding with Montana property owners who sought to cut away attempts at federal land grabs.
Consulte Mais informação »
George Soros pushes $1 million to Wisconsin Democrats ahead of pivotal state Supreme Court electionLiberal billionaire George Soros provided the Wisconsin Democratic Party with one of its biggest contributions in recent months ahead of a pivotal election.
Consulte Mais informação »