2022-4-16 18:16 |
It started as a Blockchain platform for collecting and breeding cats, but now it is the new internet and financial sensation. I am talking about Non-fungible tokens, usually referred to by the acronym NFTs. origin »
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Earlier this year, the US made the process of NFT trading easier by making sense of the tax and investment ramifications of NFTs and Crypto assets. Knock Knock; it’s the IRS NFTs and crypto assets are fun and games until the tax person comes knocking for their cut.
2022-3-24 04:04 | |
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The platform, BeyondLife.club, was sent a notice by an Indian tax agency.
2022-3-24 09:34 | |
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The platform featuring Amitabh Bachchan's NFTs was sent a follow up notice by an Indian tax agency.
2022-3-23 09:34 | |
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Singapore is persisting in being one of the most crypto-friendly countries at present. Lawrence Wong, Singapore's finance minister, has said that prevailing income tax rules will apply to NFT transactions.
2022-3-11 17:28 | |
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Cryptocurrencies and NFTs are viewed differently than other investments by the IRS, making for a complex tax landscape.
2022-3-4 00:00 | |
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Casual collectors may be in for a rude awakening this year.
2022-2-26 17:11 | |
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A lack of guidance on everything from staking rewards to NFTs means there’s a certain amount of guesswork involved in tax filings.
2022-2-25 17:20 | |
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Nonfungible tokens, or NFTs, exchanges will need to navigate conflicting aims for the required transparency and the desired anonymity.
2022-2-21 17:13 | |
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NFTs have come a long way since they first emerged in 2014, and a negative first; a UK law enforcement agency becomes the first UK law enforcement outfit to confiscate NFTs. NFTs and Tax Evasion One of the widely used arguments by crypto and NFT naysayers is that digital assets can be used to launder […] The post UK Law Enforcement Agency Seizes almost $2M worth of NFTs appeared first on NFT News Today.
2022-2-18 10:50 | |
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HM Revenue and Customs (HMRC), the United Kingdom’s tax department, seized three NFTs as part of an investigation into potential tax fraud. The post U.K. tax officials seem to believe they seized their first-ever NFTs appeared first on CryptoSlate.
2022-2-15 13:30 | |
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The UK tax authorities confiscated three non-fungible tokens and $6,700 worth of cryptocurrencies, and also detained three people as part of a money laundering case.
2022-2-18 17:51 | |
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India’s Finance Minister had announced a 30% tax on all crypto income, including NFTs… The post Taxes don’t mean crypto trading automatically becomes legal, Indian tax official says appeared first on Coin Journal.
2022-2-3 17:37 | |
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The IRS is hot on the trails of cryptocurrency and non-fungible tokens. They see these as fertile grounds for fraud, including tax evasion, market manipulation, and money laundering. Unfortunately, whether it’s a celebrity or not, people are always susceptible to getting into the trap.
2022-1-28 23:00 | |
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According to the FSC’s vice chairman’s speech in the National Assembly on Nov. 22, 2021, South Korea will tax select NFTs. The FSC’s VC said that the tax plan would begin on Jan. 1, 2022. The move is somewhat controversial, as it seems to be a turnaround from the Financial Minister’s stance on the ‘safety’Read More
2021-11-24 00:00 | |
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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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The country’s crypto tax rules that had been previously proposed have been accepted and will go into effect in 2022. As of now, non-fungible tokens (NFTs) are not included under the tax. The post South Korea Plans 20% Crypto-Tax From 2022, Will Exclude NFTs as Taxable appeared first on BeInCrypto.
2021-10-8 20:24 | |
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Non-fungible tokens (NFTs) continue to boom. However, with record sales and brand new investors in the space, what does this mean come tax season? The post NFTs and Taxes — Creators and Investors Need to Pay Attention appeared first on BeInCrypto.
2021-9-16 18:00 | |
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The Philippine government is yet to determine whether Axie’s in-game NFTs should be classified as securities or currency.
2021-8-25 07:05 | |
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NFTs volume is dropping after an initial bubble-like storm of interest and millions pouring into the emerging digital goods market. But it could be because crypto investors are realizing as they wrap up last year’s taxes – extended to May 17 in the United States – that buying such tokens with Ethereum results in a […]
2021-4-15 18:21 | |
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U. S. citizens making money off the booming non-fungible token (NFT) market may be unaware of liable taxes from selling the NFTs. Beeple’s record-breaking $69. 3 million NFT sales could attract tens of millions in taxes.
2021-3-19 22:03 | |
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With NFT sales on the rise, news agency CNBC revealed that buyers and sellers could face taxes on such transactions. According to the company's wealth reporter, Robert Frank, the US Internal Revenue The post Those buying NFTs with Bitcoin or Ether may face tax surprise appeared first on AMBCrypto.
2021-3-18 01:30 | |
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CNBC has revealed that those are now buying NFTs with BTC or ETH will have to face a “big surprise tax”, here’s why
2021-3-17 16:12 | |
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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.
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