Taxing Bitcoin Transactions Under Polish Tax Law
DOI:
https://doi.org/10.1515/cer-2015-0025Keywords:
bitcoin, tax, transactions, polish tax law, virtual currency, digital currency, PIT, CIT, VAT, PCCAbstract
Recent years have witnessed the emergence of digital currencies - digital representations of value which are transferred using IT technologies and used as a medium of exchange but are not recognised as official means of payment. Bitcoins are one of such currencies and their popularity in Europe and in Poland has been growing. Hence it is a good time to consider to what extent Polish law is prepared to face the phenomenon and what potential problems may arise from it for the judicial system. The main objective of the paper is to analyse Polish tax regulations in the context of bitcoin transactions, as broadly understood.
Downloads
References
Act of 11 March 2004 on the Goods and Services Tax (Dz.U.2011.177.1054 consolidated tax with amendments).
Google Scholar
Act of 15 February 1992on Corporate Income Tax (Dz.U.2014.851 consolidated tax with amendments).
Google Scholar
Act of 19 August 2011 on payment services (Dz.U.2011.199.1175 with further amendments).
Google Scholar
Act of 23 April 1964 Civil Code (Dz.U.2014.121 j.t. ze zm.).
Google Scholar
Act of 26 July 1991 on Personal Income Tax (Dz.U.2012.361 consolidated tax with amendments).
Google Scholar
Act of 27 July 2002 Foreign Currency Law (Dz.U.2002.141.1176 with further amendments).
Google Scholar
Act of 29 August 1997 on the National Bank of Poland (Dz. U.2013.908. with further amendments).
Google Scholar
Act of 9 September 2000 on the Tax on Legal Actions (Dz.U.2015.143 consolidated tax with amendments).
Google Scholar
Barter to bezgotówkowa wymiana towarów i usług, BDO Podatki i Rachunkowość 6 (80) 2014, http://www.biuletyn.bdo.pl/biuletyn/podatki-i-rachunkowosc/bdo-podatki-irachunkowosc/Podatkina-co-dzien/barter-to-bezgotowkowa-wymiana-towarow-lub-uslug7423.html
Google Scholar
Bartosiewicz A., Kubacki R. (2014), PIT.Komentarz, LEX, Warsaw.
Google Scholar
Ciszewszki T., Napierała T. (2010) Artykuł 21 Inne dochody (in:) Model Konwencji OECD. Komentarz, red.) Brzeziński B., Oficyna prawa polskiego, Warsaw.
Google Scholar
Decision of the Supreme Court - Civil Chamber of 26 August 2004, ref. No. I CK 210/04.
Google Scholar
Decision of the Voivodeship Court of Appeal in Lodz of 14 March 2007, ref. No. I SA/Łd 721/06.
Google Scholar
European Central Bank (2012), Virtual Currency Schemes, ECB, Frankfurt am Main.
Google Scholar
European Central Bank (2014), Virtual Currency Schemes, ECB, Frankfurt am Main.
Google Scholar
Explanations by the Director of the Tax Office in Sopot of 20 June 2006, No. PDOP/423-7/06.
Google Scholar
Interpretation of the Director of the Tax Chamber in Lodz of 7 April 2014, No. IPTPP2/443-52/14-6/IR.
Google Scholar
Interpretation of the Director of the Tax Chamber in Poznan of 8 January 2014, No. ILPP1/443-912/13-2/AW.
Google Scholar
Interpretation of the Director of the Tax Chamber in Poznan of 2 October 2014, No. ILPB2/415 -741/14-2/TR.
Google Scholar
Interpretation of the Director of the Tax Chamber in Poznan of 21 October 2014, No. ILPP1/443 -626/14-2/HW.
Google Scholar
Interpretation of the Director of the Tax Chamber in Warsaw of 25 February 2014, No. IPPB2/415 -842/13-2/MK.
Google Scholar
Interpretation of the Director of the Tax Chamber in Warsaw of 25 February 2014, No. IPPB2/415 -842/13-2/MK.
Google Scholar
Interpretation of the Director of the Tax Chamber in Warsaw of 26 June 2014, No. IPPB1/415-276/14 -4/EC.
Google Scholar
Interpretation of the Director of the Tax Chamber in Warsaw of 28 March 2014, No. IPPB2/436 -104/14-2/MZ.
Google Scholar
Kowalski P. (2014), Bitcoin, waluta przyszłości - na gruncie polskiego ustawodawstwa (in:) Biuletyn Informacyjny FRP, 12(113) 2014, Lodz.
Google Scholar
OECD Model Tax Convention on tax on income and capital.
Google Scholar
Ofiarski Z. (2009), Ustawy o: opłacie skarbowej, o podatku od czynności cywilnoprawnych. Komentarz., ABC, Warsaw.
Google Scholar
Polish Language Dictionary SJP, http://sjp.pl/otrzyma%E6
Google Scholar
Prokurat. J (2014), Podatkowe aspekty obrotu wirtualnymi walutami, http://bitcoin.pl//o-bitcoinie/bitcoin-apolskie-prawo
Google Scholar
Rosłan G., Stolarski M.P. (2014) Pieniądz elektroniczny a bezpieczeństwo państwa na przykładzie cyfrowej waluty bitcoin część I (in:) Zeszyty Naukowe WSIZiA w Warszawie no. 1(26).
Google Scholar
Statement of the Minister of Finance of 28 June 2013 FN/FN-7/602/WOS/4-3/2013/RD-64616/2013, http://senat/gov/pl
Google Scholar
Zacharzewski K. (2014), Bitcoin jako przedmiot stosunków prawa prywatnego (in:) Monitor Prawniczy 21.
Google Scholar
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.