Austria: Cryptocurrency taxation measures in Eco-Social Tax Law reform 2022 Part I
Progress
Scope
Timeline of events
Taxation of income from cryptocurrencies comes into effect
On 1 March 2022, the taxation of income from cryptocurrencies as part of the Austrian reform of the Eco-Social Tax law comes into effect. The taxation of income from cryptocurrencies will solely apply to those acquired after 28 February 2021. Crypt…
Austrian Parliament passes Eco-Social Tax Reform Act 2022 Part I
On 20 January 2022, the Austrian Parliament passed the Eco-Social Tax Reform Act 2022 Part I. Among other tax modifications, the reform aims to create appropriate regulations for the taxation of cryptocurrencies and harmonise the new rules with the …
Austrian Parliament publishes draft assessment of Eco-Social Tax Reform, including taxation of cryptocurrencies
On 8 November 2021, the draft assessment of the Eco-Social Tax reform was introduced in the Austrian Parliament, which introduces taxation on income from cryptocurrencies. The draft states that until now, there were no explicit legislative restricti…