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Guidelines in Relation to Distributed Ledger Technology (DLT)

The Commissioner for Revenue has just issued a communication that it has published guidelines concerning the taxation of DLT Assets under the Income Tax Act, the VAT Act and the Duty and Documents and Transfers Act.

These consist of three separate document, first one being “Guidelines on the Income Tax Treatments of transaction or arrangements involving DLT assets”. These guidelines outline the Commissioner for Revenue’s (CfR) position on the income tax treatment of transactions involving the use of distributed ledger technology (DLT) assets specifically for income tax purposes.

The second document is titled “Guidelines for the purpose of the Duty on Documents and Transfers Act” which sets out the CfR’s position for duty purposes in connection with activities involving distributed ledger technology (DLT) assets.

Last document is about the “Guidelines for the VAT Treatment of transactions or arrangements involving DLT assets.” This third document sets out CfR’s position on the VAT treatment of transactions concerning activities involving Distributed Ledger Technology (DLT) assets.

For more information or assistance with these guidelines please email our Fintech team on [email protected] or contact us on +356 2557 2557.

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CSB Group
[email protected]

+356 2557 2557