Whether income earned from cryptocurrency should be taxed or not has been an issue with which many governments have been grappling in recent years as the crypto industry has become bigger and bigger. Even for countries that have already made their stances on crypto taxation known, the structures are still quite vague and not many people adhere to the set regulations. However, Azerbaijan has made its stance known: any revenue from cryptocurrency operations is subject to taxation. Income Tax For Individuals As quoted by a local media outlet, The Trend, Nijat Imanov, the country’s Deputy Director General of the Tax Policy and Strategic ResearchPowered by WPeMatico
