The Austrian Finance Ministry is planning to apply a 27.5% capital gains levy on digital currencies, including bitcoin and ether.

crypto taxes, austria

Vienna (Shutterstock)

Austria’s Federal Ministry of Finance hopes to boost confidence in cryptocurrencies by taxing them like mainstream stock and bond investments, according to a Bloomberg story.

  • Starting next March, Austria will apply a 27.5% capital gains levy on digital currencies, including bitcoin and ether.

  • The initiative will be part of a nationwide tax overhaul.

  • Austria called its model the first of its kind and said streamlining conditions between asset classes would be fairer for investors.

  • “We are taking a step in the direction of equal treatment, to reduce mistrust and prejudice toward new technologies,” the Finance Ministry said Tuesday in a statement cited by Bloomberg.

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