| Abstract [eng] |
Crypto-Property is a relatively new term and its taxation poses several challenges both in Lithuania and in foreign countries. In response to the lack of a unified concept and understanding of crypto assets and the lack of tax and legal qualification and valuation, the master thesis analyses the concept of crypto-property, their taxation, issues, and prospects in Lithuania and foreign countries. A review of the academic literature and legislation has shown that the concept of crypto-property includes cryptocurrencies, stablecoins, and non-fungible tokens. It should be noted that crypto-assets do not have a single legal definition, which complicates their qualification and valuation in the tax and legal system. Having analysed the Lithuanian and foreign tax systems for taxation of crypto-property, it can be stated that clear, transparent, and proportionate regulation of taxation of crypto-property increases the budget of the states, as a larger share of taxes is collected. However, countries that still have a large number of legal gaps and unregulated and unregulated tax relationships face higher levels of tax evasion and taxpayers taking advantage of legal gaps to avoid paying taxes at all. The problems with the taxation of the crypto-property stem from the lack of legal regulation. To avoid all the problems associated with insufficient regulation, it is first necessary to precisely define the concept of crypto-property, and only then, in line with good foreign practice, to modify the national tax environment for the taxation of crypto-property. |
