CEO of Iran Blockchain Association: Until digital currencies are recognized in the law, it cannot be taxed

Following the approval of the capital gains tax plan in the parliament, which also mentions digital currencies, some experts consider the part related to taxation of digital asset transactions in this plan to be a problem. Previously, the Guardian Council had objected to another of the parliament’s plans, called the banking plan, due to the lack of a legal definition for cryptocurrencies.

Not long ago, a plan entitled “Taxes on Speculation and Speculation” with the aim of taxing capital gains in the country was approved in the parliament, one of the articles of which mentioned digital currencies. In this plan, which has not yet been approved by the Guardian Council and is under review by this institution, “types of cryptocurrency and asset crypto” are mentioned as one of the assets that are supposed to be subject to the capital gains tax law.

Although Mehdi Taghiani, the spokesman of the Economic Commission, has previously emphasized that this plan does not include an exemption for cryptocurrencies in the discussion of capital gains tax, some experts say that since digital currencies do not have a specific legal definition in the country, taxation From these assets, it is likely to face legal problems.

For example, both the Guardian Council and the Expediency Recognition Council of the Parliament had previously objected to the banking plan of the Parliament and warned the Parliament about the lack of a legal definition for cryptocurrencies.

Abbas Ashtiani, CEO of Iran Blockchain Association, said in this regard in an interview with ErzDigital:

As long as there is no law to identify digital assets in the country, according to the regulations, there is no tax on capital gains from this local section of Arabs.

Ashtiani also added about the payment of taxes by businesses active in this area, such as domestic exchanges:

Apart from the discussion of capital gains tax that was recently raised in the parliament, businesses in this area have long cooperated in the tax discussion and paid their performance tax.

Hadi Tahan Nazif, spokesman of the Guardian Council, yesterday Announced The tax plan on speculation is under review and the details of the council’s opinion will be announced after the final statement. However, he has confirmed that “naturally, a resolution of this volume and considering that it has many provisions and clauses, may face ambiguities and problems”.

All in all, it remains to be seen whether this time the Guardian Council will object to the Parliament due to the lack of a legal definition for digital currencies, just like the banking plan.