If your token issuing company is profitable, in a jurisdiction that charges tax, at some point the profit from token sales will most likely be taxable. However, when that tax point arises, and when the tax is paid can be mitigated. For example, a tax on the sale of the tokens at the outset, may be avoided with the correctly drafted token contracts. Plus, utilising ICO friendly international jurisdictions can be a valuable tool in ICO tax planning.
Harvex can create tax efficient ICO structures at the outset, using our global ICO knowledge to benefit owners, investors and token subscribers alike. For active ICO’s, Harvex have vast experience in completing tax returns, with an emphasis on ICO companies.