2025-6-21 21:45 |
Governments use analytic tools such as Chainanalysis to track crypto transactions so they can trace blockchain transactions to fight tax evasion. origin »
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The Russian government has approved a bill regulating the taxation of crypto transactions. What will now change in the country’s tax base? The Russian government has passed a bill regulating cryptocurrency taxation.
2025-1-6 14:51 | |
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The Income Tax Appellate Tribunal (ITAT) in Jodhpur, India, has today clarified the taxation of crypto transactions conducted before the financial year (FY) 2022-2023. According to the ruling, profits from all such transactions will be treated as capital gains.
2024-12-18 05:30 | |
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The Council of the European Union (EU) has adopted a directive to enhance cooperation amongst national taxation authorities, particularly on crypto-assets transactions. The Oct. 17 announcement signifies a significant shift in the regulatory landscape of EU’s crypto-assets, demonstrating a proactive approach towards the rapidly digitalizing economy.
2023-10-18 10:19 | |
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Cryptocurrency taxation and reporting transactions on your balance sheet differ. Here’s how to treat cryptocurrency on your balance sheet.
2023-9-6 10:37 | |
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Accounting service leaders in the UK have disputed HMRC’s proposed taxation framework for decentralized finance (DeFi) transactions, labeling it as “not fit for purpose.” In a letter sent to HMRC, the UK’s tax authority, written by experts, including tax calculation software provider Recap and chartered accountants, Wright Vigar highlights the need for a more nuanced […] The post Tax experts challenge HMRC’s proposed tax framework as ‘Not fit for purpose’ appeared first on CryptoSlate.
2023-6-30 13:47 | |
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European Commission wants crypto companies and traders to report the EU citizens’ foreign and domestic transactions in a new move to tackle tax evasion. According to a proposal submitted by the European Commission, crypto market participants will be required to…
2022-12-9 21:14 | |
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What are Token Reflections? Reflection tokens represent a form of taxation on crypto transactions implemented on the protocol level. They are similar to taxes levied on stocks and bonds, except it’s applied to crypto assets.
2022-11-5 18:55 | |
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A bipartisan bill from Senators Patrick Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) proposes tax exemptions on crypto transactions up to $50. The post US Senators propose bill to exempt crypto transactions under $50 from taxation appeared first on CryptoSlate.
2022-7-26 20:21 | |
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Local media outlet Financial Express reported that the Indian government has no plans to reduce taxation on crypto transactions. The post India’s finance minister says punitive crypto taxes will remain in force appeared first on CryptoSlate.
2022-7-22 23:00 | |
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Cryptocurrency trading is taking another pattern and shape in India due to the implementation of taxation laws. As a result, the traders are experiencing a different turn in their transactions lately in the country.
2022-7-6 12:00 | |
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India's crypto community is hoping to convince lawmakers to pare down part of the bill, which includes a 30% tax on income generated from crypto transactions; bitcoin soared above $41,000.
2022-3-17 01:31 | |
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A taxation frenzy has gripped cryptocurrency markets worldwide, as several countries introduced tax regimes for the nascent asset class over the past few weeks. The latest such development has popped The post Venezuela: New tax regime levies upto 20% tax on cryptocurrency transactions appeared first on AMBCrypto.
2022-2-7 17:00 | |
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Before now, some countries have mapped out some crypto taxes for transactions on cryptocurrency assets within their jurisdiction. Thailand is one of the countries that proposes some taxation plans.
2022-1-18 09:55 | |
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There’s seemingly a constant conversation, particularly with those involved in legacy financial institutions, about how cryptocurrency can be – to a certain degree – “de-risked. ” Can government mining, or merely taxation structure, address this? While many traditional financial players that are not crypto-first, but are crypto-adjacent (take Visa as a prime example) are relying on the use of stablecoins like USDC as their main pillar of transactions, there are other conversations happening about how crypto risk can be managed.
2021-8-9 01:18 | |
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U.S. lawmakers believe they can find $28 billion worth of infrastructure funding by expanding taxation on crypto transactions.
2021-7-29 07:55 | |
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The taxation of cryptocurrencies is a contentious issue at the moment. Regulators worldwide have taken a serious interest, particularly because certain investors are generating enormous profits from the crypto market, some of which are not recorded on tax returns.
2021-5-29 23:00 | |
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The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with the move.
2021-5-13 21:01 | |
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Bappebti, Indonesia’s Commodity Futures Trading Regulatory Agency is contemplating introducing taxation for crypto transactions. A report unveiled this news on April 27, noting that the authority’s move is inspired by the increasing interest in cryptocurrencies in the country.
2021-4-27 17:11 | |
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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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The South Korean government is making plans to implement a 20 percent crypto taxation policy on income and profits made from crypto trading and transactions. 20 Percent Crypto Tax Coming to South Korea According to reports from PulseNews, the South Korean government is making plans to implement a new crypto tax policy on gains fromRead MoreRead More.
2020-1-20 16:00 | |
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A Congressional bill seeking to exempt daily crypto purchases and transactions from capital gains taxation has been returned to the US Congress. The bill known as “The Virtual Currency Tax Fairness Act of 2020,” seeks to exempt digital currency expenditures that are personal transactions from capital gains taxation. Users will not be required to report […]
2020-1-17 00:18 | |
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South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend the existing Korean tax law to include cryptocurrency.
2020-1-2 08:15 | |
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Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed
2019-12-9 12:00 | |
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The Internal Revenue Service [IRS] has changed its tune on how cryptocurrencies can be, or rather were, used to pay for taxation in transactions that occurred before 2018. According to Ally VersprilleThe post IRS changes tune on cryptocurrency-based tax payment comments appeared first on AMBCrypto.
2019-11-16 15:30 | |
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Her Majesty’s Revenue and Customs (HMRC) has updated its guidelines on the taxation of transactions involving crypto assets. The United Kingdom’s tax authority clarifies its stance on cryptocurrencies and explains which taxes apply to specific activities carried out by business entities and private individuals.
2019-11-5 01:00 | |
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Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading.
2019-10-26 03:35 | |
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Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services.
2019-7-13 03:45 | |
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The U. S. Internal Revenue Service (IRS) is planning to overhaul its methods for determining the federal taxes due on cryptocurrency payments to improve clarity for taxpayers.
2019-5-21 20:54 | |
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By CCN. com: It will now be harder for Australians to under-declare or over-declare the taxes they owe on their crypto holdings or transactions. This follows an announcement by the Australian Taxation Office (ATO) that it will collect bulk records from cryptocurrency businesses in the country.
2019-4-30 12:37 | |
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VOLUM maximizes investment value and stability through its holding company structure. VOLUM invests in portfolio companies that currently possess, or have the ability to easily create, long-term asset value.
2019-3-31 12:40 | |
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Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world.
2019-3-29 18:20 | |
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Coinbase, the US-based digital asset exchange wrote in a blog post on Thursday about the confusion surrounding taxes in regards to cryptocurrency transactions. The exchange noted that both their customers and the broader crypto community who are US taxpayers need clarity on the issue.
2019-1-26 16:14 | |
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India could be making a U-turn on its directives for cryptocurrencies. Per reports from the New India Express, a second interdisciplinary committee set up by the Indian government is considering making cryptocurrencies legal in the country again but with more stringent rules.
2018-12-28 02:16 | |
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Two U. S. congressmen have introduced a bill aimed at amending the country’s securities laws to exclude cryptocurrencies from the definition of a security. The bipartisan bill also seeks to adjust taxation and create tax exemptions for certain cryptocurrency transactions.
2018-12-21 17:45 | |
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The National Assembly in France has recently shot down proposals to ease up the pressure on tax regulations in the crypto space. As reported by Bitcoin.
2018-12-20 22:13 | |
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According to an article by Venture Beat, published November 11, 2018, cryptocurrency traders in the U. S. have found a lending loophole to avoid taxation on their digital currency transactions. Evade Taxes by Loaning out Equivalent Amount Taxation has been one larger problems facing the cryptocurrency industry since it came into prominence.
2018-11-13 02:00 | |
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New Tax Regulations Are a Necessity For Crypto Transactions, According to Committee For IRS The U. S. Internal Revenue Service (IRS) may pursue a recent recommendation from an advisory committee regarding cryptocurrency.
2018-10-27 22:44 | |
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On October 24, 2018, an advisory committee to the Internal Revenue Service (IRS) published a report calling for clarity on the IRS’s position toward cryptocurrency taxation.
2018-10-27 20:34 | |
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Like Walmart with pork from China and Maersk with shipping containers, DMG Blockchain Solutions (DMG) is hoping to be the first global supply chain company to manage cannabis products on the blockchain, initially in Canada — and then around the world.
2018-10-18 19:50 | |
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Cryptocurrency, Taxation–In an open letter submitted on Wednesday, members of the United States Congress made a bid to the IRS to shift practices away from fretting over the enforcement of cryptocurrency laws and to instead seek simplification.
2018-9-21 20:06 | |
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On Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter directed towards IRS commissioner David Kautter wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US […] The post US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance appeared first on Bitcoin News.
2018-9-21 04:25 | |
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The South African Revenue Service is currently working to improve the way it tracks cryptocurrency traders and their transactions to determine if they are paying taxes. The service’s commissioner stated that the agency is looking to explore ways to identify parties that are profiting from trading digital assets to see if they are evading taxation. […]
2018-8-20 10:15 | |
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The South African Revenue Service is working to improve the tracking of cryptocurrency traders and their transactions in order to verify if they are paying taxes. According to its Commissioner, the agency is exploring ways to better identify those that are profiting from trading digital assets and check if they are evading taxation.
2018-8-19 17:40 | |
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The South Africa Revenue Service (SARS) recently released a draft cryptocurrency tax legislation. The draft defines the framework of virtual currency taxation in the country. Details of the Draft Cryptocurrency Tax Legislation The draft cryptocurrency tax legislation follows on from the press release issued by SARS in April 2018.
2018-8-9 03:00 | |
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The South Africa Revenue Service (SARS) recently released a draft cryptocurrency tax legislation. The draft defines the framework of virtual currency taxation in the country. Details of the Draft Cryptocurrency Tax Legislation The draft cryptocurrency tax legislation follows on from the press release issued by SARS in April 2018.
2018-8-9 03:00 | |
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Capital gains on crypto transactions are easy to track, one at a time. What about when there are thousands?Cryptocurrency capital gains taxes are becoming a point of interest for governments.
2018-7-31 20:04 | |
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However, the country’s Deputy Prime Minister, Taro Aso, wants to change how crypto transactions are taxed, from a progressive rate to a uniform rate. Accounting software company Freee described, “Miscellaneous income is subject to comprehensive taxation, and the tax rate is decided according to the amount combined with other income such as salary income.” The
2018-6-26 11:42 | |
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Cryptocurrency traders in Japan currently can be taxed as high as 55% on their profits. However, the country’s Deputy Prime Minister, Taro Aso, wants to change how crypto transactions are taxed, from a progressive rate to a uniform rate.
2018-6-26 10:27 | |
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Japan’s Minister of Finance thinks that it is doubtful the public would accept a change in the taxation of cryptocurrency transactions, Cointelegraph Japan reports today, June 25. During the same meeting, Aso noted that the position of cryptocurrency in the international financial sector is uncertain. He also spoke of the importance of the development of
2018-6-26 00:50 | |
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