Tax Authorities Target Crypto Transactions
Many investors appear to be unaware that gains from crypto assets are subject to tax.
Tax authorities in North Rhine-Westphalia have obtained a large data package and are now pursuing tax payments.
- The data package comprises almost 4,000 tax cases.
- The information covers the entire federal territory.
The North Rhine-Westphalian tax investigation department is making progress in the fight against tax evasion on profits in cryptocurrencies.
The State Office for Combating Financial Crime in North Rhine-Westphalia received the data package from a trading platform in response to a collective request for information.
Author's summary: Tax authorities crack down on crypto transactions.
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