Please use this identifier to cite or link to this item: https://essuir.sumdu.edu.ua/handle/123456789/82603
Or use following links to share this resource in social networks: Recommend this item
Title Tax on Cryptocurrency as Innovative Financial Instrument in IT Sphere
Authors Rieznik, Oleh Mykolaiovych  
Andriichenko, N.
Inshyn, M.
Maslak, N.
Arsentieva, O.
ORCID http://orcid.org/0000-0003-4569-8863
Keywords cryptocurrency
cryptocurrency transactions
income tax
IT instrument
Type Article
Date of Issue 2020
URI https://essuir.sumdu.edu.ua/handle/123456789/82603
Publisher The World Academy of Research in Science and Engineering
License Creative Commons Attribution 4.0 International License
Citation Oleg Reznik, Nadiia Andriichenko, Mykola Inshyn, Nataliya Maslak and Olena Arsentieva. Tax on Cryptocurrency as Innovative Financial Instrument in IT Sphere. International Journal of Advanced Trends in Computer Science and Engineering. 2020. Vol. 9, № 1.2. Р. 280-286
Abstract The article deals with the content of the tax on cryptocurrency, which is an innovative IT instrument of economic development. It has been established that there was no common understanding of the official status of cryptocurrency given that each state establishes it in the framework of its national legislation independently, and the introduction of taxes is one of the instruments of state influence on the cryptocurrency circulation. It has been found out that the EU member states had only one restriction on the taxation of cryptocurrency, namely cryptocurrency transactions were not liable for VAT. Foreign experience in taxing cryptocurrency transactions is considered in the article. It has been established that Ukraine offered the most optimal tax rate on income from cryptocurrency transactions for individuals and legal entities. At the same time, the significance of the economic effect of the cryptocurrency tax in the form of revenues to the state budget due to the unstable cryptocurrency exchange rate is disproved, which raises the issue of the feasibility of search for new areas of state influence on cryptocurrency.
Appears in Collections: Наукові видання (ННІП)

Views

Australia Australia
1
Austria Austria
1
Azerbaijan Azerbaijan
1696381
Belgium Belgium
1
Brazil Brazil
1
Chile Chile
1
China China
55553
Czechia Czechia
1
Egypt Egypt
1
France France
1
Germany Germany
99328
Ghana Ghana
1
India India
-151078931
Indonesia Indonesia
-1639055956
Iran Iran
1
Ireland Ireland
-1836374011
Israel Israel
1
Italy Italy
1
Kazakhstan Kazakhstan
160511
Lithuania Lithuania
99332
Malaysia Malaysia
1815207125
Mauritius Mauritius
238442366
Morocco Morocco
240
Netherlands Netherlands
20007
Nigeria Nigeria
532286402
Philippines Philippines
111593
Poland Poland
532286396
Romania Romania
1
Singapore Singapore
-918187005
South Africa South Africa
238442358
South Korea South Korea
398525327
Spain Spain
1
Thailand Thailand
1
Ukraine Ukraine
1629009535
United Kingdom United Kingdom
1360296377
United States United States
-151078932
Unknown Country Unknown Country
93805
Vietnam Vietnam
-1467187809

Downloads

Bulgaria Bulgaria
1
Cameroon Cameroon
1
Canada Canada
-1467187809
China China
-151078929
Denmark Denmark
532286398
Egypt Egypt
1394941869
Finland Finland
1
France France
189827
Germany Germany
-151078929
Hong Kong SAR China Hong Kong SAR China
1
India India
398525321
Indonesia Indonesia
-1639055955
Iran Iran
6489492
Ireland Ireland
1
Japan Japan
1
Lithuania Lithuania
111387
Malaysia Malaysia
81490
Mauritius Mauritius
1
Morocco Morocco
1
Nigeria Nigeria
348824024
Pakistan Pakistan
1
Philippines Philippines
68688
Poland Poland
12130431
Russia Russia
37343
Singapore Singapore
47608
South Korea South Korea
205327880
Switzerland Switzerland
1
Thailand Thailand
732
Turkey Turkey
1
Ukraine Ukraine
-151078932
United Kingdom United Kingdom
-1180439369
United States United States
-151078930
Unknown Country Unknown Country
164311
Vietnam Vietnam
1

Files

File Size Format Downloads
Tax_on_Cryptocurrency_as_Innovative_Financial_Inst.pdf 207.49 kB Adobe PDF -1991772040

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.