Poland Petition Against Government's Over-taxation
A petition was recently created in protest of the Polish government's plan to tax every single cryptocurrency transaction, whether a loss or gain has been realized. A major point of contention with the tax measures are the automatic subjectivity to a 1% tax on "transfer of property", which is counted anytime one buys, sells or trades cryptocurrency.
The crypto-community in Poland believe it is unfair that the government be able to tax these transactions multiple times, by way of, personal income tax (PIT), value added tax (VAT) and the PCC tax, which is the 1% tax ("of the market value of the property (cryptocurrency)", which is charged to both the buyer and seller of the cryptocurrency, even if a loss is realized. The petition suggests that Polish cryptocurrency users could be subjected to being taxed "a hundred or even a thousand times". These unappreciated regulations have prompted this petition, and make the plea that this will ultimately restrict access of Polish citizens to the "constantly growing market of cryptocurrencies". In summation of their plea, the petition has this to say: