On December 6, the Chamber of Deputies of the Czech Republic unanimously passed a law to exempt capital gains from the sale of Bit holdings held for more than three years. The law will officially take effect on January 1, 2025, marking an important step in encouraging long-term investment in Bit.
According to the news site Parlamentní Listy, the new law sets clear conditions for tax exemption on Bit transactions. Specifically, individuals will benefit from this regulation if their total annual gross income from digital asset transactions does not exceed 100,000 CZK (about $4,000). In addition, digital assets held for more than three years before sale also qualify for tax exemption, in order to promote a long-term holding strategy.
The Prime Minister of the Czech Republic, Petr Fiala, posted on X (Twitter):
"The new tax law ensures that if you hold Bit for more than three years, the sale will not be taxed. We have worked to create better conditions for Bit, making life easier and supporting modern technologies."
