VMRO-DPMNE will submit a draft law on legalization of trade in cryptocurrencies without VAT

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VMRO-DPMNE will submit a draft law to legalize trade in cryptocurrencies without VAT, according to the party.

As announced by VMRO-DPMNE, the draft law will include tax exemption with 0% profit tax and personal income tax at least until 2023.

– Trading and storage of cryptocurrencies is already possible in developed countries. In the United States, PayPal already offers cryptocurrency trading to its customers, and in Germany, more than 40 banks exchange and pay for cryptocurrencies. Let us not wait for the future to come, but to bring the future. By formalizing the trade and storage of cryptocurrencies, legal certainty is created for traders and large revenues are provided for the budget. With this proposed solution, up to half a billion euros can be generated in the budget. It is time to look to the future. It is time for advanced technologies and development. It is time for Macedonia for all people, the statement reads.