Europe: Crypto assets in employee compensation, business and wealth management — points to note in various jurisdictions

In brief

Individuals' and companies' increasing interest in crypto assets has led certain employers to introduce cryptocurrencies as compensation, leading to a number of challenges in its implementation and for tax purposes. Individuals holding crypto assets are also facing multiple consequences when holding and transferring such crypto assets.

These topics were discussed during our webinar on 17 January 2023. With the participation of our offices in France, Germany, Belgium, Spain, Italy, Luxembourg, the Netherlands, the United Kingdom and Switzerland, the points worth mentioning for each of the topics are summarized in this alert.


Contents

  1. Payment of a crypto bonus, grant of free tokens
  2. Business income for individuals: mining/trading
  3. Tax consequences of holding cryptocurrencies
  4. Transferring cryptocurrencies
  5. Are there any differences for NFTs?

Click here for the full alert.

 

Jurisdiction contacts

Belgium: Annick Van Hoorebeke; Sebastien Massaro

France: Agnès Charpenet; Julie Rueda

Germany: Ludmilla Maurer

Italy: Marzio Bucciol; Francesco Florenzano

Luxembourg: Olivier Dal Farra; Diogo Duarte de Oliveira

Netherlands: Don-Tobias Jol; Ravelli Fons; Tim Alferink; Remke Scheepstra

Spain: Meritxell Sanchez; Bruno Dominguez; Esther Hidalgo

Switzerland: Lyubomir Georgiev; Andrea Bolliger; Christoph Stutz

UK: Alfie Turner; Jeremy Edwards


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