Tax, GST and Internet Cash
“Cryptocurrencies such as bitcoin provide an outlet for personal wealth that is beyond restriction and confiscation” – but what about the Taxman and internet cash? How will She operate in the virtual world?
In this webinar we will discuss Inland Revenue’s recent cryptocurrency guidance (September 2020) and assess how Inland Revenue will apply the ordinary income tax rules to:
We will also address the double taxation (GST) of transactions involving digital currencies.
21 October 2020
An introduction to digital currencies and a good understanding of the application of the income tax rules and Inland Revenue’s approach to (revenue account property, trading stock, financial arrangements, capital account) and GST rules applying to digital currencies.
Accountants, lawyers and others who need to understand the income tax and GST treatment of digital currencies.
Maurits van den Berg, Senior Manager, Taxation Services, Baker Tilly Staples Rodway
1.25 CPD Hours