Bianca
Sun Jun 09 2024
|
6 answers
1403
Does Hong Kong tax Bitcoin?｜Tax status of cryptocurrencies: Cryptocurrencies are currently not recognised as currency or legal tender in Hong Kong and . However, cryptocurrencies may be treated as assets and subject to taxation as capital gains.their exchange is not subject to value added tax (VAT)
Does Hong Kong levy taxes on Bitcoin? I'm curious about the tax status of cryptocurrencies in the region. Are cryptocurrencies recognized as legal tender or currency in Hong Kong? Or do they fall into a different category? If they're not recognized as currency, does that mean they're taxed differently? Could cryptocurrencies be taxed as assets, perhaps as capital gains? And, regarding their exchange, is it exempt from value-added tax (VAT)? It would be helpful to know how Hong Kong treats cryptocurrencies for tax purposes.
