Iran’s National Tax Service Proposes Legalizing and Taxing Crypto Exchanges

According to Bitcoin.com on August 12, Iran's National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. INTA detailed in a proposal the need to legalize digital asset exchanges. INTA reminded Iranian regulators that taxation requires a legal framework. The government should only allow authorized exchanges to exchange currencies while tracking transactions. The tax bureau urged that the legal framework be kept broader to avoid crypto exchanges facing harsh requirements, which could lead to the spread of the black market.

INTA proposed three tax systems for crypto trading platforms, including capital gains tax, fixed basis tax, and professional tax, although the proposal did not specify the taxation mechanism for crypto businesses. According to sources, the proposal will also involve DeFi. In order to comply with anti-money laundering regulations, the proposal hopes to set a cap on transactions that occur on decentralized exchanges.