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JUST IN: Questions to help you understand cryptocurrency tax returns in Venezuela.
Venezuelan public accountant Jan Domínguez answers questions and clarifies scenarios regarding the taxation of crypto assets in that country.
Technical confusion is a common problem among taxpayers. Jan Domínguez, a Venezuelan public accountant and CEO of the cryptocurrency tax management platform Cointable, states that many users, both individuals and corporations, mistakenly treat their cryptocurrency transactions as simple exchange rate differences, overlooking the fact that accounting regulations require them to be treated as realized profits.