Introduction

The government has finally recognized virtual assets as a thing. They will likely go on to draft laws in a bid to formally recognize this bit, legalizing criptos in the strictest terms. Will they recognize it as a currency? Very unlikely. Will it be a new asset class? Maybe. Or will it be something else entirely? It's possible. In fact, we will just have to wait and watch. But in the meantime, your cripto transactions will be taxed 30 % on the gains made while transferring or selling such assets. And someone will also deduct tax at sos or te des every time you mit a transaction. This will amount to one % of the total sale value