TAXATION OF NEW TECHNOLOGIES: THE CASE OF CRYPTOCOINS

Abstract

The present work aims to demonstrate the origin and formation of cryptocurrencies, by understanding the material nature of this technology in detail, it will be possible to categorize it into an appropriate tax incidence factor, since only by comprehending the object of taxation, in its essence, will be possible to classify it with lower risks of incurring in error, applying the most appropriate tax to the specific case.

Consequently, the cryptocurrency and its possible classifications in the juridical order will be presented, in order to understand it as a good or as a market asset, that is, a currency itself. This classification is fundamental so that it would be possible to determine how the tax incidence will be given on the virtual currency and, of course, to allow the application of the tax matrix rule to it.

Furthermore, in this research it will be worked, in a first moment, the existential constitution of cryptocurrency, as well as it will be given a tributary explanation on the factors of incidence that can be applied to this technology, seeking to understand the essence both in the broad legal scope and in taxation itself. In this way, it will be necessary to analyze the virtual currency in a similar way to other assets that have close operations, as well as verify the international understanding about the subject, since this technology is definitely an international asset.