Austrian Ministry of Finance 27% to digital assets, including Bitcoin (BTC) and Ethereum (ETH). It started working to impose a capital gains tax of 5 percent.
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As Bloomberg reports, the Austrian Federal Ministry of Finance hopes to increase confidence by taxing crypto assets, such as investments in stocks and bonds.
Austria will impose a 27.5% capital gains tax on digital currencies from next March.
This move is expected to be part of a nationwide tax revision.
Austria believes that regulating conditions between asset classes will be fairer for investors.
“We are taking a step towards equal treatment in order to reduce mistrust and prejudice towards new technologies,” the Ministry of Finance said in a statement.
