Cryptocurrency is no longer a technological curiosity. It has become an asset class that tax authorities treat with full seriousness—and full severity toward those who ignore the implications.
The difficulty is that the law has not kept pace with the technology, and its interpretation remains inconsistent. The tax treatment of the same transaction may differ depending on whether the question concerns personal income tax, VAT, or corporate tax. Does mining constitute a business activity? When does a tax obligation arise upon exchanging cryptocurrency? How should one document transactions conducted on foreign exchanges? For most of these questions, there is no single, obvious answer—only positions taken by tax authorities, individual rulings, and administrative court decisions that must be known and correctly applied.
Skarbiec Law Firm has provided legal and tax services to clients operating in the cryptocurrency market since bitcoin was still an exotic novelty. Over the years, we have handled scores of matters—from straightforward annual tax filings to complex international structures.
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