Head of the Tax Agency: Digital currency transactions should be taxed

Dawood Manzoor, the head of the Tax Affairs Organization, recently said in a statement that the trading of digital currencies in the country is unofficial and these types of assets should also be taxed.

According to Erzdigital and to quote From IRNA, Manzoor said today on the sidelines of the shopping terminals conference among reporters:

The production (mining) of cryptocurrencies in the country is subject to regulations and bylaws, but its buying and selling is illegal and informal. We act according to the law regarding cryptocurrencies and those who have financial transactions are checked.

Referring to the control of all payment gateways, he added:

Every type of purchase and sale made in a payment platform is monitored as well as the purchase and sale of cryptocurrencies.

Manzoor once again mentioned the story of personal income of 6 thousand billion tomans from digital currency trading and said:

Recently, a payment portal with 6 thousand billion Tomans was identified, which investigations showed that it was for cryptocurrency transactions. The laws should go in the direction that this type of cryptocurrency is also taxed.

The head of the country’s tax affairs organization stated that the tax on capital gains is now on the verge of entering the floor of the Islamic Council.

This is one of the important tax plans of the country and a new tax base, which is considered as a counter to speculation in the economy.

He continued:

Those who buy and sell property, cars, gold and foreign currency for speculative purposes should know that the price difference at the time of purchase and sale is subject to tax. However, the purpose of this law is not to generate income, but to prevent the assets and wealth of the country from being on the path of speculation and towards production.

Emphasizing that the capital gains tax plan is now being implemented in all developed countries, Manzoor said:

This type of tax is one of the tools of economic regulation. If this law is finally approved, the tax system will use this law. Besides, we are not worried about capital outflow due to the implementation of this law; Because this law is implemented and taxes are collected in investment destination countries as well.