Everything you need to know about the taxation of crypto assets
Manage episode 448453562 series 3603275
In this episode of Irish Tax Unwrapped, we take a deep dive into the complex world of crypto-asset taxation in Ireland. With the rising popularity of cryptocurrencies like Bitcoin and Ethereum, understanding how these digital assets are taxed is crucial for both individuals and businesses.
We break down the core tax categories: Income Tax, Corporation Tax, and Capital Gains Tax (CGT), and explain how they apply to crypto transactions. Whether you're trading, mining, accepting crypto as payment, or holding it as an investment, this episode provides insights into everything you need to know about crypto and tax compliance. We'll also cover VAT, payroll implications, and the importance of record-keeping to stay on the right side of Irish tax laws.
If you're a crypto investor, business owner, or simply curious about the taxation of cryptocurrencies in Ireland, this episode is for you!
Keywords: Crypto-assets, Cryptocurrency, Bitcoin, Ethereum, Ireland, Taxation, Income Tax, Corporation Tax, Capital Gains Tax, CGT, VAT, Payroll, Record Keeping, Crypto Investors, Business, Crypto Transactions, Revenue, Crypto Mining
Visit Coventure Tax Consulting for more information on tax matters.
章节
1. Everything you need to know about the taxation of crypto assets (00:00:00)
2. Agenda (00:01:05)
3. Understanding crypto terms. (00:02:13)
4. Problems for governments in taxing crypto. (00:03:28)
5. Is crypto taxable in Ireland? (00:04:19)
6. Overview of taxation of crypto (for individuals). (00:04:58)
7. The FIFO (first in, first out) rule (00:05:50)
8. Overview of taxation of crypto (for companies). (00:07:50)
9. Taxation of mining. (00:09:55)
10. What is an airdrop, and how is it taxed. (00:12:42)
11. What is staking, and how is it taxed. (00:13:47)
12. What is crypto lending, and how is it taxed. (00:14:50)
13. Forks and taxation. (00:15:36)
14. Paying employees in crypto. (00:17:35)
15. NFTs and taxation. (00:17:58)
16. Tracking crypto transactions. (00:18:40)
17. Gift and inheritance tax. (00:19:15)
18. Stamp duty. (00:19:45)
19. VAT and crypto. (00:20:20)
20. Initial Coin Offerings (ICOs). (00:20:47)
21. Non-fungible Tokens (NFTs). (00:22:40)
22. Final Thoughts and non-dom individuals. (00:25:35)
5集单集