Azerbaijan taxes revenue received in cryptocurrency

posted 4 months ago
Azerbaijan is taxing revenue received in cryptocurrency, according to Nijat Imanov, deputy director general of the tax policy and strategic research department for the Taxes Ministry, according to the country’s Trend News Agency.

If someone buys cryptocurrency and sells it at a higher price, the profit is recorded as income and subject to taxation, Imanov said, calling it a profit tax for legal entities and an income tax for individuals.
Tags: bitcoin, news