PwC Global Crypto Tax Report 2024

January 2024

The PwC Global Crypto Tax Report 2024 has been published and is available for use.

New regulations for tax reporting on brokers and other intermediaries involved in the exchange of crypto assets in the US, EU, and internationally via the OECD’s Crypto Asset Tax Reporting Framework (CARF) will have a major impact on those affected. The report discusses some of the issues that need to be considered, and also compares the requirements of the CARF with those of the Common Reporting Standard (CRS). 

Among the topics covered are tokenisation, including tokenisation of real-world assets, tokens over financial assets, and how in many cases tax rules can inadvertently treat these differently to how we would treat traditional money. CBDCs, bank deposit tokens, stablecoins, and tokenised money market funds are compared regarding their accounting and tax treatment. Value-added tax (VAT) in the context of tokenisation is discussed, as is Directive on Administrative Cooperation in The Area of Taxation 8 (DAC8). 

In addition to covering international tax themes, the report also covers jurisdiction-specific themes and includes 59 different tax regimes worldwide, including Estonia. 

Read the PwC Global Crypto Tax Report in .pdf format HERE 

Image: PwC Annual Global Crypto Tax Report 2024

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