2021-5-13 20:30 |
The Hungarian government has announced a cut on tax for all cryptocurrency earnings, starting next year. The post Hungary Hopes Tax Slash Will Incentivize Investors to Declare Crypto Earnings appeared first on BeInCrypto. origin »
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Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes.
2024-3-14 13:59 | |
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The finance minister expects “several billion forints” of revenue from this tax reduction while its inflation spiked to above 5% in Q2, the fastest in Europe and the highest since 2012 as it sees no reason to make substantial cuts in spending next year.
2021-5-13 23:00 | |
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Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings.
2021-4-16 01:30 | |
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Tax season is in full swing for millions of people. Even though the coronavirus pandemic has led some regulatory agencies like the U. S. Internal Revenue Service to extend the filing deadline for 2020 returns, many prefer to finish their taxes as quickly as possible to potentially get a return.
2021-4-6 14:41 | |
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South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges.
2021-3-20 03:30 | |
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The taxman still isn't wise to cryptocurrency earnings made through proof-of-stake. But that could change soon.
2021-2-5 17:26 | |
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Canada’s tax authority, the Canadian Revenue Agency (CRA) has been trying to seek out the country for anyone who may have made gains for trading crypto. There is a strong suspicion that many have not paid their taxes on their crypto earnings, and so CRA took legal action against crypto exchange Coinsquare in order to force it to hand over seven years of user data.
2020-11-7 11:24 | |
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As Australia’s COVID-19 crisis worsens, the Australian tax authority is reportedly in the process of contacting over 350,000 Australians to remind them to declare their cryptocurrency earnings.
2020-3-25 16:05 | |
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Bitcoin Cash is on-track to avert a chain split after a proposal that would force miners to contribute part of their earnings to BCH development loses critical support. Reality Check...The post Bitcoin Cash Will Avoid Chain Split as Mining Tax Dies appeared first on Crypto Briefing.
2020-3-6 03:16 | |
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Cryptocurrency owners have been grappling with ways to accurately report their earnings to the U. S. Internal Revenue Service (IRS). With the pressure from the IRS on bitcoin owners to come clean with their earnings, there are suggested ways that individuals can avoid getting on the bad side of the law.
2019-12-5 00:00 | |
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National tax agencies have recently made it clear that the long arms of the law will be wielded to ensure bitcoiners pay the appropriate tax on their earnings. Motivated by surging interest in crypto, authorities are cracking the whip and instilling fear in those who have, until now, dismissed the notion that they might be […] The post How to Navigate the Minefield of Cryptocurrency Taxation appeared first on Bitcoin News.
2019-11-23 02:00 | |
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Taxation on cryptocurrencies and their associated earnings have long bugged crypto-enthusiasts across the world. An attempt to clarify the tax position on these assets was offered by Shartsis Friese LLP’s tax attorney, Dashiell Shapiro, who appeared on BloombergTV.
2019-10-12 23:30 | |
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The Australian Taxation Office (ATO) is officially starting to go after crypto traders who did not pay their taxes this year. According to the office, people who did not file for their crypto earnings are expected to pay $3 billion AUD in fines.
2019-10-1 22:39 | |
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QuadrigaCX, the Canadian crypto exchange that closed in January 2019, went through an arduous process and a bankruptcy procedure. Now, the taxman moves in for their cut, demanding tax returns dated between October 2015 and September 2018.
2019-9-17 20:00 | |
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News reports in Iran indicate that crypto miners will now become eligible for tax exemption if they reach a decision to repatriate all their overseas incomes. This is according to a report released by INTA (Iran National Tax Administration).
2019-9-12 19:00 | |
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The Iranian National Tax Administration (INTA) has announced that cryptocurrency miners in the country will be given a tax exemption if they bring their foreign earnings back into the country, as reported by Financial Tribune, September 12, 2019.
2019-9-12 15:00 | |
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Iran's National Tax Administration states that cryptocurrency miners will be eligible for a repatriation tax exemption, similar to non-oil exports
2019-9-12 02:00 | |
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The United States’ Internal Revenue Service is in the news again after a new method of its to keep a tab on those who evade tax on their cryptocurrency earnings came to the fore. According to a 181 slide presentation, James Daniels, IRS-CI’s cyber-crime program manager, laid out a plan of extracting information from taxpayers, […] The post IRS devising more sophisticated ways to keep track of people evading tax on cryptocurrency earnings appeared first on AMBCrypto.
2019-7-10 02:30 | |
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By CCN Markets: U. S. citizens who have failed to report their income from crypto transactions or underreported such income now have every reason to worry. According to Bloomberg, the Internal Revenue Service has identified a couple of taxpayers who underreported their earnings from crypto income or completely failed to report such earnings.
2019-6-22 15:14 | |
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The United States tax deadline has came and went, and thanks to overwhelmingly confusing tax laws, crypto and Bitcoin investors are left scratching their heads, with many outright refusing to report their crypto earnings and losses on their annual tax filing.
2019-4-19 23:00 | |
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It’s tax time again, and no doubt the American crypto community is wrestling with the complexities of filing their crypto earnings – or losses – with the IRS. On a more philosophical level, though, where do borderless virtual currencies fit within national tax regimes and the social contracts they help fund? The Paradox of Taxing […] The post Taxing Times: Crypto And A Redesigned Social Contract appeared first on Crypto Briefing.
2019-4-16 20:32 | |
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While the Dow struggles to maintain a tenuous grip on growth, President Donald Trump recklessly thrust the economy toward a recession – and the US stock market toward an all-out meltdown. Trump Callously Disregards Impact of His Reckless Tweets The Dow Jones Industrial Average Index (DJI) slid this week on continued fears of a looming recession and lower earnings reports (though the latter are primarily due to inflated figures of last year, which benefited from the one-off immediate impact of Trump’s corporate tax cuts).
2019-4-12 20:07 | |
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Tax season is here again, and if you’re lucky, you might have some gains to report. Most people are becoming more familiar with the tax implications of trading crypto, but some aspects are still totally unexplored.
2019-3-30 19:51 | |
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The crypto community in Japan might see a new day soon as the Japanese Financial Services Agency has been requested by the Japan Association of New Economy (JANE), to significantly decrease the existing tax rate payable for earnings made via cryptocurrency transactions and trading.
2019-2-16 01:07 | |
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The Romanian tax authority has amended the country’s tax laws to make it mandatory for cryptocurrency traders to pay a ten percent income tax if they generate more than 600 Romanian ron annually from their trading operations, according to a local newspaper, Ziarul Financiar on January 22, 2019. Romanian Hodlers Now Required To Pay Ten Percent […]
2019-1-23 06:44 | |
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Romania has amended its tax laws, allowing it to start taxing gains from bitcoin investments at a rate of 10 percent. The improved fiscal code legislation categorizes earnings generated from buying and selling cryptocurrencies as “income from other sources” and therefore subject to income tax, local media reports.
2019-1-22 21:22 | |
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Individuals in Chile will have to pay taxes on cryptocurrency earnings this year. The Internal Revenue Service (SII) of the country informed that cryptoassets will also have to be filled on the Annual Income Tax Returns.
2019-1-20 01:43 | |
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Chile is to start taxing cryptocurrencies in April, when taxpayers pay their yearly income taxes, but it’s unclear at what rate. According to local media reports, the country’s revenue authority has included crypto assets in the Annual Income Tax Returns form, which will be declared as “other own income and/or third-party income from companies that […] The post Chile to Start Taxing Cryptocurrency Earnings in Second Quarter of 2019 appeared first on Bitcoin News.
2019-1-20 00:58 | |
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Local reports have asserted that the Israel Tax Authority has launched a renewed crackdown on unreported cryptocurrency earnings. The Israeli tax regulator has opened hundreds of tax accounts and sent letters of notice to Israeli citizens suspected of failing to disclose earnings derived from cryptocurrency-relate activities.
2018-12-10 19:50 | |
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It’s been another weekend of hodling and waiting for the markets to do something. Of course, we can’t make that happen, but what we can do, is bring you a round up of the weekend’s top cryptocurrency and blockchain stories from around the web.
2018-12-10 12:48 | |
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On Wednesday, French regulators revealed their plans to lower the capital gains tax on cryptocurrency to that of non-real estate assets, as reported by The Next Web. Right now, French crypto earnings are taxed at 36.
2018-11-9 17:40 | |
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The Israel Tax Authority will not use the FIFO method in taxing cryptocurrency earnings, effectively reducing taxes on digital assets by 50%.
2018-10-8 19:33 | |
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Countries Which Do Not Tax Virtual Assets Which countries do not levy taxes on cryptos? In case you have made some returns on the crypto market, you may be wondering how much tax you have to pay as a result of your earnings.
2018-8-20 20:33 | |
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The Internal Revenue Service (IRS) issued temporary relief on crypto cost-basis reporting rules, potentially averting increased tax liabilities for digital asset investors. The decision reflects the agency’s recognition of the complexities in crypto taxation and the need for regulatory adaptability in response to evolving markets.
The Internal Revenue Service has simplified the reporting requirements in the latest iteration of Form 1099-DA, which crypto brokers and taxpayers will use to report digital asset transactions. According to the Aug.
South Korean authorities are considering postponing the controversial 20% crypto tax after the local crypto community raised concerns. Initially set to begin in 2021, South Korea‘s 20% crypto gains tax might now be delayed until 2028 amid fears that the…
South Korea’s crypto community alarms that the impeding 20% tax on crypto gains will drive away investors and can potentially ruin the market. As South Korea‘s 20% tax on crypto gains looms, the local cryptocurrency community expresses its concerns, saying…
A Florida lawmaker has introduced a bill that would greenlight Bitcoin as a payment method for U.S. taxes.
Can you take advantage of tax loopholes to avoid paying taxes on your digital currency exchanges? See three of the most common ones and why they don't work. The post 3 Common Cryptocurrency Tax “Loopholes” and Why They Don’t Work appeared first on CoinCentral.
The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate.