United States of America: IRS Notice 2023-34 regarding tax treatment of virtual currencies
Progress
Current status
in consultation
24 Apr 2023 adopted
Scope
Implementers
United States of America
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
tax authority
Implementation Level
national
Timeline of events
Adopted IRS Notice 2023-34 regarding tax treatment of virtual currencies
On 24 April 2023, the Internal Revenue Service (IRS) adopted Notice 2023-34 regarding tax treatment of virtual currencies modifying the Notice 2014-21. In particular, the Notice specifies that convertible virtual currency is considered property for …
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
tax authority