Cryptocurrency Q&A
Is crypto taxed in Hong Kong?｜For taxpayers in Hong Kong, . For corporations and crypto professionals, when digital assets are traded as a regular part of doing business, they are subject to an income tax.so long as an individual's crypto activities are considered investments, no capital gains tax is applied
Is crypto taxed in Hong Kong?｜For taxpayers in Hong Kong, . For corporations and crypto professionals, when digital assets are traded as a regular part of doing business, they are subject to an income tax.so long as an individual's crypto activities are considered investments, no capital gains tax is applied
DongdaemunTrendsetterStyleIcon
Fri Jun 07 2024
|
6 answers
1344
Could you please clarify the taxation policy on cryptocurrencies in Hong Kong? I understand that individuals engaging in crypto investments are not subject to capital gains tax. However, for corporations and those involved in crypto trading as part of their regular business operations, do they have to pay income tax on their digital asset transactions? It would be helpful to know the specific regulations that apply to these scenarios. Thank you for your assistance.
6 answers
Giuseppe
Sun Jun 09 2024
Cryptocurrency has emerged as a transformative force in the financial world, revolutionizing the way we transact and store value. It offers a decentralized, secure, and transparent alternative to traditional financial systems, enabling individuals and businesses to engage in peer-to-peer transactions without the need for intermediaries.
Was this helpful?
335
65
Andrea
Sat Jun 08 2024
The UK's regulatory environment has been supportive of cryptocurrency businesses, providing a stable and predictable framework for innovation. BTCC, as a UK-based exchange, benefits from this regulatory clarity, enabling it to offer its services with confidence and transparency.
Was this helpful?
211
83
SamuraiHonor
Sat Jun 08 2024
The rise of cryptocurrency has also spawned a new industry, attracting a diverse range of professionals, including financiers, technologists, and entrepreneurs. These individuals are driving innovation and growth in the cryptocurrency space, developing new tools and platforms that make it easier for users to access and utilize digital assets.
Was this helpful?
144
59
Caterina
Sat Jun 08 2024
Among the leading players in this industry is BTCC, a UK-based cryptocurrency exchange that offers a comprehensive suite of services. BTCC's platform allows users to trade cryptocurrencies such as Bitcoin and Ethereum, offering spot and futures trading options.
Was this helpful?
267
56
Raffaele
Sat Jun 08 2024
In addition to trading, BTCC also provides a secure wallet service, enabling users to safely store their digital assets. The wallet offers advanced security features, including multi-factor authentication and cold storage, to protect against unauthorized access and theft.
Was this helpful?
165
71
Load 5 more related questions
Related questions
- Is crypto taxed in the UAE?｜The country offering zero income tax gives you the benefit of zero percent taxes on capital gain. Dubai views Crypto as an investment asset rather than a currency and charges zero capital gains tax on UAE residents.
- Is crypto taxed?
- Is crypto taxed in Hong Kong?｜For taxpayers in Hong Kong, . For corporations and crypto professionals, when digital assets are traded as a regular part of doing business, they are subject to an income tax.so long as an individual's crypto activities are considered investments, no capital gains tax is applied
