2022-11-5 18:01 |
What is the cryptocurrency tax rate? If you’ve earned crypto through activities like trading, mining, or staking, it could be subject to taxation as either long-term capital gains or ordinary income. origin »
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Italy drops plans to raise crypto tax from 26% to 42% after industry opposition. Lawmakers propose capping the tax at 28% or maintaining the current 26% rate. Progressive taxation and exemptions aim to protect small investors and boost crypto.
2024-12-11 22:24 | |
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Italy's decision to reduce the proposed crypto tax hike may foster a more favorable investment climate, potentially boosting economic growth. The post Italy’s government to drop plans to implement a 42% tax on crypto trading: report appeared first on Crypto Briefing.
2024-12-11 21:47 | |
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Russia is poised to implement a 15% tax on all crypto mining and trading activities. The move aims to foster a regulatory framework that supports the growing digital asset industry. 15% Tax On Crypto Trading And Mining Activities According to Interfax, the Russian Government has approved draft amendments to the bill on taxation of income […]
2024-11-20 14:30 | |
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A recent research report by Coincub and Blockpit highlights how varying tax policies, from zero taxes in the UAE to high rates in the U.S., shape crypto investment strategies. The crypto taxation landscape varies widely across the globe, as revealed…
2024-11-1 13:50 | |
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Leader of Japan’s Democratic Party has promised a flat rate tax cut on crypto earnings if he is elected, highlighting the ever-growing mainstream integration and adoption of crypto. If the politician gets into power, Yuichiro Tamaki has pledged to reduce crypto taxes to 20%, matching the stock market.
2024-10-23 15:18 | |
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The US Government is under backlash after allegedly targeting the crypto mining industry again. A recent report revealed the government’s plan to resurrect a tax proposal that could significantly affect the whole sector.
2024-3-14 07:30 | |
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After acquiring the crypto tax platform Accointing in October 2022, Glassnode is selling the business to focus on DeFi and institutional offerings.
2023-11-7 10:00 | |
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As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.
2023-10-13 00:00 | |
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Senator Elizabeth Warren has voiced concerns over the delayed implementation of US crypto tax rules, warning that the government could miss out on billions of dollars in revenue. The post Senator Warren Grills US Gov’t Over 2-Year Delay on Crypto Tax Rules appeared first on BeInCrypto.
2023-10-12 10:00 | |
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The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this month.
2023-9-20 20:30 | |
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The National Tax Agency of Japan released an updated version of its corporate tax guidelines, introducing significant changes to the crypto taxation rules for digital token issuers. This revision focuses explicitly on eliminating taxes on unrealized gains derived from crypto assets issued by companies.
2023-6-26 16:00 | |
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Congressmen Brad Sherman and Stephen Lynch called the crypto industry "a major source of tax evasion" in a letter asking for the prompt release of proposed regulations.
2023-6-7 11:39 | |
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According to Rep. Warren Davidson, legislation to address the U.S. debt ceiling blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners.
2023-5-30 00:53 | |
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Coinspeaker Latest US Debt Ceiling Proposal Strikes Out Unpopular Crypto Tax Bill The recent US debt ceiling deal has struck out the previous crypto tax bill proposed by the Biden administration.
2023-5-30 19:40 | |
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Crypto holders are always looking for airdrops or free crypto – but many don’t consider the associated tax obligations. If you’re based in the US, it’s not great news regarding airdrop taxes.
2023-4-17 15:00 | |
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The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings.
2023-3-10 17:00 | |
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CRPTM (krip-tm), a one-stop platform Crypto Marketplace, is ready to help you calculate and generate crypto tax reports in no time and become tax compliant.
2023-2-2 14:00 | |
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Crypto tax standards in the upcoming year may prove to be a trying time for the industry. Global tax regulators are applying more pressure on centralized and decentralized exchanges. This could even affect your own personal crypto holdings.
2022-12-20 12:30 | |
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Presently Japanese crypto firms pay a set 30% corporate tax rate on their holdings, regardless of whether or not they made a profit. Due to this stringent tax law over the past years, some local crypto firms reportedly chose to move their business elsewhere.
2022-12-17 23:26 | |
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The chairman of the House Financial Services Committee, who is a leading Republican, has asked the Treasury Department to postpone enforcing the crypto tax provisions of the Infrastructure Investment.
2022-12-16 14:12 | |
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The European Commission is going a step further than its crypto law MiCA as it seeks to tackle tax evasion
2022-12-9 15:53 | |
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Generate Your Crypto Tax Reports With Crypto. com Tax Tool Crypto. com provides several tools to make it easier for consumers to manage their crypto assets. One such tool is the Crypto. com Tax Calculator.
2022-11-7 16:58 | |
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Are you struggling to understand what the tax implications of trading crypto might be? In this quick guide produced by the crypto tax experts at Ledgible, we’ll walk through the basic things you’ll need to know about crypto taxes globally.
2022-11-3 18:00 | |
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Best crypto tax calculator in the UK Crypto tax calculators come in handy when you deal with a lot of different crypto transactions (trading, staking, airdrops, mining etc). Here is a list of crypto tax software that have ability to create dedicated reports for the UK citizens.
2022-10-28 23:24 | |
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The Portuguese government will introduce a 28% tax on all earnings generated from crypto held for less than a year in its 2023 budget. The post Portugal will implement 28% tax on crypto in 2023 appeared first on CryptoSlate.
2022-10-11 14:10 | |
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Two crypto lobby groups recently asked the government to reform crypto tax laws in the country, where investors can pay up to 55% on capital gains.
2022-8-26 13:10 | |
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The U.S. tax service has used the same tactic to gain information from Circle, Coinbase and Kraken in recent years, as analysis finds that half of taxes on crypto go unpaid.
2022-8-17 01:00 | |
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Australian, Canadian & U.K. crypto investors may potentially claim hacked crypto as a tax loss, but U.S. investors will miss out, according to tax experts.
2022-8-6 07:44 | |
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A bipartisan group of U.S. lawmakers want to ensure that the definition of a crypto "broker" for tax reporting purposes does not capture parties that cannot report crypto transactions for tax purposes.
2022-8-4 20:42 | |
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Today, cryptocurrencies are taxed in almost every country in the world. However, calculating your crypto taxes is one of the more stressful parts of being a crypto trader because it is very time consuming – not to mention difficult! The time it takes to report on your crypto taxes depend on many things, such as […] The post TokenTax Review – Is Token Tax a Good Crypto Tax Calculator? appeared first on CaptainAltcoin.
2022-6-13 10:45 | |
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2021 was a record-breaking year, as the total crypto market cap hit a high of just short of $3 trillion, with the market leader, Bitcoin, peaking at $69,000. The post From boom to gloom, the crypto investors now unable to pay their tax bill appeared first on CryptoSlate.
2022-5-31 05:35 | |
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The Portuguese parliament has rejected two separate proposals to tax digital assets, but the days of tax-free crypto may be coming to an end. The post Portuguese Parliament Rejects Bill to Tax Crypto, but Bows to the Inevitable appeared first on BeInCrypto.
2022-5-26 13:00 | |
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The rise in crypto adoption has brought taxation, sometimes even before the government forms clear rules to protect users in the space. Long regarded as one of the last crypto tax havens in Europe, Portugal is on the brink of shedding the label as the government prepares a tax framework for the asset class. Portugal […]
2022-5-20 16:06 | |
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Indian tax authorities are planning to put crypto activities in the category of services that attract the highest Goods and Services Tax (GST). According to media reports, the GST council has constituted a committee to study and map different crypto activities such as trading, staking, and wallets for tax purposes. As of now, crypto exchanges […]
2022-5-10 23:36 | |
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Crypto trading volume at India-based exchanges fell to its lowest levels in recent years after the country’s new crypto tax rules came into effect on April 1, according to data from crypto research firm Crebaco.
2022-4-15 13:25 | |
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Crypto tax calculator was not even a term back in the crazy days of crypto in 2017. Suddenly, news of people getting rich overnight grabbed everyone’s attention. Naturally, the government didn’t fall on deaf ears and has shown a significant interest in the crypto markets.
2022-4-5 19:18 | |
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An Indonesian tax official reveals that the country will impose taxes on the crypto market. According to the report, crypto transactions will be subject to VAT below 11%, and income tax will be pegged at 0.
2022-4-4 13:17 | |
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The Republic of Thailand has broken the news that crypto traders in the country will now have to pay a capital gain tax of 15%, on all of their crypto trades. The post Crypto traders to pay 15% of their gains as tax in Thailand appeared first on CryptoSlate.
2022-1-7 06:30 | |
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South Korea has been amidst a regulatory shake-up in the crypto sector. Meanwhile, the 1 January 2022 deadline for tax filings to include crypto earnings is soon approaching. It is a heated topic of dThe post How pop icons BTS made their way into the crypto tax debate in South Korea appeared first on AMBCrypto.
2021-10-31 23:30 | |
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What is Crypto. com tax tool? Crypto. com is a payment and cryptocurrency platform with a whole ecosystem of different products and services. It is constantly expanding its variety of services and of the most recent ones, established back in the spring of 2021, is their tax tool.
2021-10-20 11:30 | |
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It is no longer news that South Korea is looking to start taxing crypto gains from 2022, however, the Asian country’s minister of Economy and Finance Hong Nam-ki has revealed that the proposed crypto tax law will not be applicable to non-fungible tokens (NFTs).
2021-10-8 19:00 | |
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Indian entrepreneurs believe crypto tax laws are foundational to mainstream crypto acceptance by governments.
2021-9-14 15:18 | |
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Today, cryptocurrencies are taxed in almost every country in the world. However, calculating your crypto taxes is one of the more stressful parts of being a crypto trader because it is very time consuming – not to mention difficult! The time it takes to report on your crypto taxes depend on many things, such as […] The post TokenTax Review [2021] – Is Token Tax a Good Crypto Tax Calculator? appeared first on CaptainAltcoin.
2021-8-24 13:30 | |
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A new survey has revealed that a majority of South Korean investors support the proposed crypto tax law set to be unveiled next year. 53. 7% Support Crypto Gains Tax According to a recent survey sponsored by local television station YTN, many South Korean crypto investors support the government’s move to tax crypto gains.
2021-5-4 19:43 | |
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The United Kingdom’s tax collection body, Her Majesty’s Revenue and Customs (HMRC) has issued a new document that explains taxation guidelines for cryptocurrency. UK Crypto Regulations The Cryptoassets Manual defines the tax rates for crypto transactions that involve businesses and companies.
2021-3-31 13:56 | |
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Verady, maker of the Ledgible cryptocurrency tax and accounting platform, makes it easy for crypto holders to accurately account for crypto events with Ledgible Tax...
2021-3-26 06:40 | |
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Craig MacGregor is the founder of Taxoshi, a cryptocurrency tax calculator that helps Kiwis understand their crypto tax position. Taxoshi’s algorithms automate the currency conversions and calculate your trading and mining loss and profit in accordance with the cryptocurrency guidance from the New Zealand IRD.
2021-3-26 01:00 | |
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Crypto tax calculator was not even a term back in the crazy days of crypto in 2017. Suddenly, news of people getting rich overnight grabbed everyone’s attention. Naturally, the government didn’t fall on deaf ears and has shown a significant interest in the crypto markets.
2021-3-16 16:18 | |
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Are you tired of the hassle and confusion that comes with calculating your crypto taxes? Look no further than Binocs, a crypto tax calculation and accounting platform designed for individuals, institutions, and enterprises in the USA.
As a crypto investor, you are a modern-day alchemist, turning digital bits and bytes into valuable assets. However, with great power comes great responsibility, and in this case, that responsibility is tax liability.
Cryptio is a powerful tool designed to simplify the complex world of crypto taxes. It’s a platform that not only helps you track your crypto transactions but also ensures you stay compliant with global accounting standards.
Introduction In the ever-evolving world of finance, Crypto IRAs are emerging as a modern spin on traditional Individual Retirement Accounts (IRAs). As cryptocurrency continues to gain legitimacy and popularity, it’s no surprise that it’s making its way into our retirement planning.
What is Koinly? Koinly is a London-based software company founded in 2018 that offers crypto tax solutions for digital assets. Used by investors, traders, and accountants worldwide, Koinly is one of the leading companies in the field.
Do you have to pay taxes when transferring cryptocurrency from one wallet to another? No, you won’t experience any tax consequences when transferring your coins between wallets. However, it’s important to note that this only applies in the US – other countries may have different taxation regulations.
For every trader, a cryptocurrency tracker is one of the essential apps that are very useful because they pull information from all your exchanges and crypto wallets, which allows you to quickly see how your entire portfolio is performing at a glance.