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WWCrypto provides analysis of the crypto market. In addition to tracking updates in the industry. WWCrypto provides the community with real time information and major events.

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Question

Can crypto be taxed?


Answers (1)

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Arsalan Afzal
Feb 08, 2022 17:41:40

Yes, cryptocurrency can be taxed. For example, if you buy goods or services with cryptocurrency, the value of the purchase could be subject to goods and services tax (GST). Additionally, if you hold cryptocurrency as an investment, any capital gains or losses on its sale could be subject to capital gains tax (CGT).

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