2022-12-1 21:45 |
The 26% capital gains tax will be imposed on cryptocurrency trading profits larger than 2000 euros ($2,062.3).
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Italy will impose a capital gains crypto tax of 26% on profits beginning in 2023. The new law will require crypto holders to disclose their current holdings and pay 14% on them. The post Italy Will Impose Crypto Gains Tax at 26% Starting in 2023 appeared first on BeInCrypto.
2022-12-1 08:51 | |
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The cryptocurrency tax haven could see taxes levied on profits realized from cryptocurrency trading or capital gains within a year of their acquisition.
2022-10-12 12:51 | |
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Crypto tax: Lawmakers in this European country propose a 28% tax on profits earned from short-term crypto assets and a 4% tax on airdrops. The post Crypto Tax: This Country’s Tax Rate Has Just Gone Through the Roof appeared first on BeInCrypto.
2022-10-11 01:28 | |
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Web3 developers, institutional investors and regulators preparing to tax metaverse profits remain stable despite all the turbulence in the digital assets market.
2022-6-6 09:30 | |
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While the interest in crypto markets skyrocketed, the NFT craze also saw a massive surge through the last year. However, it's now time for the taxmen to check for tax liabilities from profits in theseThe post Tax season: Regulations unclear, experts advise early prep for taxes on crypto, NFT appeared first on AMBCrypto.
2022-1-16 00:30 | |
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There is also “no tax” - income or capital - on profits from Bitcoin investment in the country in order to “encourage foreign investment,” The post Chivo Implements Measures “Against Money Laundering,” El Salvador’s Largest Bank Accepts Bitcoin Payments first appeared on BitcoinExchangeGuide.
2021-9-14 22:18 | |
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Authorities in El Salvador have revealed that bitcoin (BTC) and other cryptocurrency investors in the region will not be required to pay any form of taxes on their digital asset holdings even when they make huge profits.
2021-9-13 15:00 | |
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Foreign investors will be exempt from tax on their bitcoin profits in El Salvador, according to a legal adviser for the government. The post El Salvador to Establish Bitcoin Tax Exemptions for Foreign Investors appeared first on BeInCrypto.
2021-9-13 10:01 | |
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The mounting profits that users were earning through online play-to-earn games like Axie Infinity might soon be reduced substantially in the Philippines. The nation's tax authorities recently declaredThe post Axie Infinity falls under regulatory radar in Philippines appeared first on AMBCrypto.
2021-8-25 04:00 | |
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Now that crypto markets have flipped bullish, thoughts have turned once again back to profits and the inevitable cut we’ll need to pay the taxman when the time comes. Generally speaking, a taxable event occurs when you buy, sell, and trade crypto.
2021-7-28 16:24 | |
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Plan B Passports offers Bitcoiners the ability to legally avoid taxes on their BTC profits.
2021-7-14 20:45 | |
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Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions. Tax Office […]
2021-5-29 14:36 | |
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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 ATO said it already knows who is invested in cryptocurrencies and expects cooperation.
2021-5-28 16:06 | |
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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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Indonesia is mulling imposing tax on profits gotten from cryptocurrency trading, as the nascent industry sees exponential growth in the Southeast Asian country. Indonesia Could Impose Tax on Crypto Trading According to Reuters on Tuesday (May 11, 2021), an Indonesian tax official, Neilmaldrin Noor, told the news outlet that the proposal to tax profits onRead More
2021-5-12 01:00 | |
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After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation.
2021-2-23 12:43 | |
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The South Korean government has issued an amendment to introduce tax on cryptocurrency trading profits. The plan is now a reality after several attempts to delay it by lawmakers. New Rules Impose 20% Tax on Crypto Profits Per Asia Today, the legislative notice details that the amendment will be enacted in February, and profits from […]
2021-1-9 13:15 | |
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South Korea has been working towards a suitable tax system for crypto trades and profits for a while now, with different proposals and deadlines. However, after much deliberation, the government has now put forth a viable tax plan for crypto gains.
2021-1-8 22:55 | |
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South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.
2020-7-23 07:15 | |
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Crypto trading profits could be liable to a 22% tax should the Korean National Assembly approve the newly tabled proposal.
2020-7-22 14:32 | |
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The South Korean government has decided to tax profits on cryptocurrency trading, which could take effect from 2021. Capital Gains Tax on Crypto Trading According to a report from News Asia on Thursday (June 11, 2020), cryptocurrency traders in South Korea could be taxed capital gains on their crypto trading activities come 2021.
2020-6-13 01:07 | |
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The South Korean Ministry of Strategy and Finance is proposing a tax on profits from crypto-fiat transactions, reported a local news outlet. The proposition was made earlier this week which also includes the sale of the token through initial coin offerings (ICO) and crypto mining organizations.
2020-5-31 18:18 | |
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Leading cryptocurrency tax software firm TaxBit simplifies the process of filing taxes to just a few clicks for cryptocurrency traders. TaxBit offers cryptocurrency holders and investors a slew of robust services including the easy calculation of profits, losses, tax liabilities, and generation of IRS-compliant tax forms, to make crypto trading a pleasant experience for traders.
2020-4-25 11:49 | |
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Australian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb may be asked for explanations and receipts.
2020-3-13 03:30 | |
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Could Bitcoin mend a system where President Trump is being extra generous toward banks through tax cuts? JP Morgan Profits Dwarf Ethereum US bankers have been laughing all the way to the bank last year, quite literally.
2020-1-21 11:30 | |
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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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Cryptocurrency profits could be treated the same as winning the lottery and incur a 20% income tax in Korea, local sources report
2020-1-20 13:09 | |
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South Korea is working on legislation to tax crypto profits
2020-1-3 01:06 | |
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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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According to the South Korean Ministry of Finance’s new announcement, the country’s current tax laws do not include the taxation of profits made through trading crypto. The Ministry of Finance and Strategy in South Korea recently resolved the confusion regarding the taxation of profits made through crypto trading.
2019-12-30 16:00 | |
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A British think tank has revealed in a new study that Rockstar Games has apparently ducked taxes in the UK and received millions of pounds in subsidies — the latter by claiming at least one of its games, Grand Theft Auto V, to be a British game.
2019-7-30 23:48 | |
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Japanese tax authorities are said to be planning to take action on the under-reporting of cryptocurrency-based profits.
2019-6-6 16:30 | |
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By CCN: An Israeli court has ruled that Bitcoin is not a currency but rather an asset. This was in a case brought forth by Noam Copel, a blockchain entrepreneur, according to business publication Globes.
2019-5-22 15:39 | |
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An Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free.
2019-5-22 10:14 | |
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By CCN. com: With overseas profits of U. S. companies in decline due to tax changes, a drop in consumer confidence in March, and some Federal Reserve officials showing reluctance towards a cut in its benchmark interest rate, the Dow Jones was expected to open gloomily.
2019-3-28 17:54 | |
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CoinTracking. info, the leading platform for cryptocurrency tracking and crypto tax reporting, has announced the addition of new features to its software, to make it easier for cryptocurrency traders to file their tax reports correctly, according to a press release shared with BTCManager on March 18, 2019.
2019-3-20 06:00 | |
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TaxBit is a cryptocurrency tax software company that helps cryptocurrency holders and investors calculate their profits, losses, and tax liabilities, and generate IRS-friendly tax forms. Once a user connects their… The post What is TaxBit? How Does Crypto Tax Automation Work? appeared first on CoinCentral.
2019-3-15 22:23 | |
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Filing taxes can be tricky and in jurisdictions like the United States is notoriously complicated. But when cryptocurrencies are added to the equation things start to get even harder. Many aspects of the reporting of crypto income and profits are not yet clearly defined.
2019-1-26 23:50 | |
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According to local media, a Swedish cryptocurrency trader is anticipating receiving a tax bill of approximately $1 million after conducting approximately $2. 9 million worth of trades across tens of thousands of transactions made since 2014.
2019-1-22 17:50 | |
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Bitcoin Price trading range tight Bulgaria’s NRA introduces a 10 percent tax on crypto profits Transaction volumes low as BTC/USD range within Jan 14 high-low Candlestick arrangement favors bulls.
2019-1-17 20:00 | |
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For investors whose first time investing in bitcoin was in 2018 or after late 2017, there is a high likelihood that they have incurred substantial losses for the fiscal year of 2018 if they haven’t sold yet.
2018-12-29 02:01 | |
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Local laws define virtual coins as properties, not currencies, and therefore investors must declare their profits, ATO has explained.
2018-12-19 20:55 | |
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The Japanese government will establish a system that would track down individuals who refuse to pay tax on profits made from cryptocurrency transactions. Tax Payments on Cryptocurrency Capital Gains News coming from a Japanese newspaper, The Mainichi, reports that according to sources, the Japanese government is planning to form a system that would monitor individuals […] The post Japanese Government to Track Down Cryptocurrency Income Tax Offenders appeared first on Ethereum World News.
2018-12-5 23:37 | |
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Big time cryptocurrency traders in Japan could be getting a letter from the tax man next year. The Japanese government is developing a system to catch those who are not paying the appropriate taxes on the profits made from cryptocurrency trading, according to local news.
2018-12-4 12:43 | |
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Recent Amendments To Income Tax Regulations in Poland Require Crypto Profits To Pay 19% in Taxes The taxation of cryptocurrency profits has been a hot topic for many countries that are looking to regulate the space.
2018-11-17 18:55 | |
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The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.
2018-11-15 16:58 | |
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In some countries you are liable for capital gains tax on any profits you make on your cryptocurrency hodlings. Calculating how much you owe can be confusing, but it just got a bit easier for Australian cryptocurrencers.
2018-11-15 12:45 | |
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One college student turned his $5K investment into $880k but now says trading “ruined” his life as he’s facing $400k in cryptocurrency taxes. From Big Profits to a Tax Nightmare An anonymous college student recently posted on Reddit to solicit advice about what to do while they face a massive tax bill in the wake of cryptocurrency trading.
2018-11-4 13:00 | |
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Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.
The surge suggests significant institutional attention despite the token’s historical association with FTX’s financial challenges.
Crypto exchange Bitget has abandoned plans for a crypto license in Hong Kong, asking users to withdraw their assets by Dec. 13.
The license allows WadzPay to begin preparing to provide virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities.
The Backpack crypto wallet has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement.
A British investigative firm tracked down stolen funds and convinced the High Court of Singapore to mark the wallets containing the funds permanently with its order.
The freeze resulted from a collaboration between Atomic Wallet, forensic companies and centralized exchanges following reports from users claiming unauthorized transactions from their wallets.