Czech Republic Eliminates Bitcoin Taxes After 3 Years
The Czech Republic president Petr Pavel has officially removed capital gains tax on Bitcoin for holders who keep their BTC for more than three years. The law marks a major victory for bitcoin adoption in Europe and strengthens the country’s position as a Bitcoin friendly nation.
“Czech HODLers Win: No Bitcoin taxes after 3 years!” announced BTC Prague, Europe’s biggest Bitcoin conference.
Key Highlights
No Capital Gain Tax - Bitcoin holders who keep their Bitcoin for 3+ years won’t owe any capital gains tax when selling.
Time & Value Test - A framework to support long term Bitcoin investors
Pro Bitcoin Regulations - The law applies to both individuals and businesses, making the Czech Republic a more attractive hub for Bitcoin users and companies.
