18 May 2021
Hungary's Ministry of Finance has issued a release on plans for the introduction of new rules for the taxation of cryptocurrency. According to the release, this includes new personal income tax rules for taxing income from cryptocurrency mining and exchange gains, which are currently not subject to any separate regulation and are taxed as other income with a high rate. Given the high rates encourage the concealment of income, the new rules will include a 15% tax rate for such income, which is approximately half the current rate.
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