Cryptocurrency and NFT tokens are becoming an increasingly popular way to transact and invest
As a result the values of some cryptocurrencies, such as Bitcoin, Ethereum and other alternative cryptocurencies (atcoins), have risen significantly over the last five years.
However, not many experts understand these currencies and even fewer understand the tax implications. For instance, which profits and gains are taxable? Does it matter that I am mining? What happens if the blockchain forks? Can I roll my gain from one cryptocurrency into another?
If you’re a cryptocurrency user who has made large gains, you may decide to transfer the monies back into a ‘fiat currency’ at some time. At that point they will become visible to financial authority.
With so much misinformation about the taxability of virtual currencies online, it is highly risky to believe only information that you read on the internet,. I tis thereofer safer for your tax position to seek a specialist tax guidance.
Tax consulting in the field of cryptocurrency
We are happy to answer any questions you may have regarding the tax implications of your cryptocurrency-related activities. With several years of experience, we are able to provide comprehensive advice to professional investors with high transaction volumes, as well as to individual and corporate clients, in the following areas:
– Sale/purchase of traditional cryptocurrencies and alternative cryptocurrencies (altcoins)
– Issues related to currencies obtained through an ICO (initial coin offering)
– Questions regarding the taxation of tokens acquired through a so-called hard fork
– Tokenization of commodities and services
– Consulting on the implementation of coin-tracking tools to monitor a client’s tax position
– Tax implications of buying and selling NFT tokens
Bookkeeping and assistance with tax return preparation
We help our clients resolve issues related to their tax position, primarily through ongoing year-over-year monitoring of their tax base using efficient international platforms to process large volumes of cryptocurrency transactions. We provide a one-stop-shop for all your tax questions and needs.
Representing clients during tax audits related to cryptocurrency transactions
In the event of a tax audit concerning cryptocurrency transactions, we can provide you with full assistance regarding all stages of the audit as part of our representation before the tax authorities.
If you are interested in our services,
please contact us
in English
from an international consulting firm
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