Startups, Tax Authority Discuss Crypto Sector’s Tax Dilemma

EghtesadOnline: Market players expect INTA to seriously consider the concerns and proposals by those involved in the crypto sector and soon pave the way for a comprehensive, transparent and unambiguous tax system to accommodate the unique features of a digital economy –

News ID: ۷۵۲۵۷۵

02 June 2023

Talks were between the tax chief and representatives from innovative companies and experts in digitizing the taxation system in a fresh move toward closer collaboration between the Iranian National Tax Administration (INTA) and the startup industry,

The meeting brought together key stakeholders, including the spokesperson for the Majlis Economic Commission, the president and secretary of the Fintech Association, CEO of the Blockchain Association, and the CEO of Dotin company.

Participants raised a host of critical issues with the main  focus on lack of transparency in taxing cryptocurrencies and activities related to digital currencies, the Persian-language way2pay website reported.

Mohammad Mehdi Fatemian, chairman of the board of directors of the Fintech Association, criticized the way details of taxing cryptos was announced in the framework of the capital gains tax plan.