• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, June 19, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

Austria plans to tax crypto and stocks like equals

by Reshab Agarwal
November 12, 2021
in Bitcoin, Crypto, News, Trending
Reading Time: 2 mins read
0
Austria plans to tax crypto and stocks like equals
TwitterWhatsappLinkedin

Crypto and Stocks have always been very different in terms of their treatment by the government and the tax system. But this is going to change as Austria plans to tax crypto and stocks like equals. This means all the tax benefits that are applicable to owning stocks will be applied to crypto as well. This will further increase the investment in the space, as a lot of people still don’t due to complications that come with taxing crypto. This move also implies or showcases that the government treats crypto and stocks as equal, and so can the people.

You might also like

The Largest Password Leak in History,  16 Billion Credentials Exposed

Microsoft’s Next-Gen Xbox, A Cloud-Ready, AMD-Powered Platform Beyond the Console

Amazon Launches Early Prime Day 2025 with Free Games and Exclusive Deals for Prime Members

Taxing crypto will change

Crypto will now be able to enjoy the benefits of capital gains just like stocks. This will give investors who are planning to hold long-term, a huge benefit. They can save a lot of taxes and easily book profits which was not the case before. In Vienna, the government is planning to levy the same 27.5% on crypto that they use for taxing stock and other traditional asset gains. This move will also make the tax system for crypto a lot more organized, and investors will understand better what they owe the government.

Austria plans to tax crypto and stocks equally
Image Source: PYMNTS.com

The entire crypto market is now worth over $3 trillion, which makes it a viable stream to extract taxes from. Other nations are still deciding on the guidelines they wound want to have while taxing crypto. There is also the necessity to make sure that investors are unable to hide profits from their investment to prevent paying taxes.

The idea behind this

While talking about the plans to treat crypto and stocks the same way, the officials said that they are doing this to reduce the unequal treatment and prejudice against new tech. Plus, there is still a disbalance between the kind of regulation of traditional stocks and crypto, which is something that needs to change. The officials also announced that the new laws will be active from March 2022 and will apply to digital assets acquired after Feb 28, 2021.


Do you think other countries will also consider the idea of treating crypto equally as Austria plans to tax crypto and stocks the same way? If yes, which might be the second country to do so? Let us know in the comments below. Also, if you found our content informative, do like and share it with your friends.

Also Read: Twitter makes a dedicated team to work on crypto and Dapps

Tags: #Austria#Cryptotax
Tweet54SendShare15
Previous Post

Twitter plans to integrate NFTs with profile images

Next Post

How to Install AppCake on iPhone and iPad

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

The Largest Password Leak in History,  16 Billion Credentials Exposed

by Anochie Esther
June 19, 2025
0
Password

In what experts are calling the largest data breach ever recorded, researchers have confirmed the exposure of a staggering 16 billion password leaks, affecting platforms including Apple, Facebook,...

Read more

Microsoft’s Next-Gen Xbox, A Cloud-Ready, AMD-Powered Platform Beyond the Console

by Anochie Esther
June 19, 2025
0
Xbox

Microsoft has officially confirmed that the next-generation of Xbox consoles is in the works but this time, it's more than just a new box under your TV. In...

Read more

Amazon Launches Early Prime Day 2025 with Free Games and Exclusive Deals for Prime Members

by Anochie Esther
June 19, 2025
0
Early Prime Day

Amazon is getting a head start on its Prime Day 2025 celebrations by offering an enticing selection of free PC games for Amazon Prime members. With the full...

Read more
Next Post
appcake app

How to Install AppCake on iPhone and iPad

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?