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Azerbaijan says profits from cryptocurrency operations must be taxed

Azerbaijan says profits from cryptocurrency operations must be taxed
12:40 17-05-2018 | icon 15

Baku, Azerbaijan, May 17

Trend:

Profit from operations with cryptocurrencies in Azerbaijan should be put under taxation, Shamil Arabov, Deputy Director General of the Department of Tax Policy and Strategic Studies of the Ministry of Taxes of Azerbaijan, during his speech at the conference "New trends in financial technologies: blockchain, cryptocurrencies and security" in Baku May 17.

He noted that, operations with cryptocurrencies take place mainly between individuals, so they relate to non-entrepreneurial activities.

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