Czech President Signs Bill Exempting Bitcoin Holders of Over 3 Years from Capital Gains Tax
YM Lee
Summary
- The Czech President has signed a bill exempting Bitcoin holders of over 3 years from capital gains tax.
- This marks an important change that reduces the tax burden for long-term Bitcoin holders.
- The Czech parliament had already unanimously passed this bill last year.
The Czech President has signed a bill that reduces the capital gains tax burden for long-term Bitcoin holders.
According to a report by Bitcoin.com on the 6th (local time), President Petr Pavel officially signed a bill exempting capital gains tax for those holding Bitcoin for more than three years. The Czech Republic's parliament unanimously passed the bill exempting capital gains tax on Bitcoin held for over three years on December 6th last year.
YM Lee
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