Guide
17 Dec 2021 ·
Luxembourg
Cryptocurrency Mining
1 min read
In this section:
Legal status
What is the legal status of cryptocurrency mining activities?
Cryptocurrency mining activities are currently not regulated from a Luxembourg law perspective.
Law stated - 22 November 2021
Government views
What views have been expressed by government officials regarding cryptocurrency mining?
No official statement has been issued by government officials regarding cryptocurrency mining.
Law stated - 22 November 2021
Cryptocurrency mining licences
Are any licences required to engage in cryptocurrency mining?
Depending on the structure of the activities, a general business licence may be required to carry out cryptocurrency mining activities.
Law stated - 22 November 2021
Taxes
How is the acquisition of cryptocurrency by cryptocurrency mining taxed?
Cryptocurrency mining should, in principle, qualify as a commercial activity under certain conditions, and related income should be taxed as business profits.
If cryptocurrency mining does not qualify as a commercial activity, this activity may be considered as management of the individual's private wealth and generate miscellaneous income.
Mining activities are generally subject to Luxembourg VAT but there are arguments that these services are outside the scope of VAT (and will be checked on a case-by-case basis).
Law stated - 22 November 2021
