2022-5-17 04:16 |
The small Iberian nation is set to reverse a long-standing tax law that excluded crypto gains on the grounds that they are not legal tender.
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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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If an unrealized capital gains tax is enacted, it could have major ramifications for the economy and create a dangerous precedent.
2021-11-12 23:00 | |
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South Korea one of the most progressive nation in terms of evolving technology adoption might impose a 20% tax on crypto gains in the country as per a report published by a local daily, The Korean Times.
2020-1-20 18:10 | |
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A draft law has been proposed with bipartisan support to exclude from taxation small capital gains of up to $200 when making purchases. The bill says: “Gross income of an... The post American Lawmakers Propose $200 Crypto Tax Exemption appeared first on Trustnodes.
2020-1-20 17:09 | |
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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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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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House Representatives’ bipartisan legislation would exempt realized crypto gains under $200 from taxation.
2020-1-17 00:15 | |
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The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these traders from three local crypto exchanges.
2019-12-11 17:10 | |
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Given the complex nature of reporting gains, Danish crypto traders are most worried about overpaying on their taxes. The post Danish Tax Authority Cracks Down on ‘Crypto Tax Avoiders’ appeared first on CCN.com
2019-12-11 02:43 | |
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The South Korean government wants to tax capital gains on cryptocurrencies. This new decree has yet to be officially improved by the proper authorities. South Korean news outlet Korea Times claims the government wants to impose capital gains taxes on virtual currencies, including bitcoin.
2019-12-10 01:00 | |
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Capital gains from transactions involving virtual currencies such as bitcoin may soon be taxed in South Korea, according to a report by the Korea Times. The publication refers to government sources, and confirmation received from the Ministry of Economy and Finance.
2019-12-9 21:01 | |
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South Korea is today one of the foremost cryptocurrency markets in the world, a market perhaps superseded only by the likes of the United States and Japan. Home to over 200 crypto-exchanges, any develThe post South Korea may be pushing to tax cryptocurrency gains appeared first on AMBCrypto.
2019-12-9 12:00 | |
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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 Korean government is preparing legal tools to tax capital gains from the sale of crypto assets. Specialized legislation to target digital asset deals is expected to arrive from the tax season for 2020.
2019-12-8 17:21 | |
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A draft bill setting out how crypto-related income should be taxed in Ukraine would tax gains at 5 percent for the first five years if passed.
2019-11-21 12:20 | |
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Bitwala, a German licensed bitcoin banking service app, today announced a new integration solution with CryptoTax. Now, for users of Bitwala, enclosing statements on cryptocurrencies with their tax report will be as simple as attaching a PDF-file to an email.
2019-10-22 09:58 | |
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The US Internal Revenue Service (IRS) issued updated guidance for calculating taxes owed on cryptocurrency holdings yesterday. It’s the organizations first update in five years and it asks more questions than it answers.
2019-10-10 11:57 | |
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H&R Block, a New York Stock Exchange-listed global consumer tax services provider, on September 24, 2019, announced the launch of a new consumer service that would aid people engaging in digital currency transactions correctly file their crypto gains and losses with the Internal Revenue Service (IRS).
2019-9-26 21:00 | |
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Have you had a great year with cryptocurrencies? Made the right trades at the right time and seen some hefty gains? Unfortunately, come tax season and the IRS is going to want a big chunk of your gains – they are already sending out warning letters! Given that crypto trading hasn’t been around for too […] The post 7 Hacks to Minimise Your Crypto Tax Liability appeared first on NullTX.
2019-9-17 13:05 | |
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The French government will not be imposing taxes on crypto-to-crypto trades and will only tax cryptocurrency gains when they are converted into fiat. The post France Takes Out Tax Requirements on Crypto-to-Crypto Trades appeared first on Bitcoin Magazine.
2019-9-14 16:46 | |
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The French government has finally decided how to tax crypto trading. According to the French economy minister Bruno Le Maire, all trades between cryptos are exempt from taxes but the gains will be taxed when they are converted back into fiat currency.
2019-9-13 23:36 | |
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French economy minister Bruno Le Maire stated that crypto-to-crypto trades will be tax-exempted. According to the report shared by Bloomberg, “France will tax cryptocurrency gains when they’re converted into “traditional” currency, but crypto-to-crypto transactions remain tax exempt.
2019-9-12 16:48 | |
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With the recent price rise, many bitcoin traders have incurred capital gains that need to be reported on year-end tax returns. But how? The post Op Ed: Are You Paying Taxes on Your 2019 Bitcoin Gains? appeared first on Bitcoin Magazine.
2019-9-10 21:20 | |
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Taxes are never popular, but in the U. S. , paying for crypto gains is like solving a Rubik’s Cube without touching it. While blindfolded. You might have correctly filed your obligations, but there’s no knowing until the tax authority explains exactly what those obligations are.
2019-9-5 21:21 | |
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After its initial letter campaign targeting crypto holders who may not have reported their gains or losses on their tax returns, the Internal Revenue Service's second round of letters targets those who may have misreported their crypto holdings on tax documents.
2019-8-15 00:21 | |
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Coinspeaker The IRS Is on the Hunt for Cryptocurrency Tax AvoidersWhile cryptocurrencies are continuing to gain popularity, it's high time to learn how to report your crypto gains in order to comply with IRS regulations and avoid undesirable consequences.
2019-8-12 11:47 | |
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Last week, the US Internal Revenue Service sent letters to crypto holders regarding the proper way to report gains and losses on tax returns. Now, fraudulent letters are being sent to crypto holders claiming they owe unpaid taxes to the “Bureau of Tax Enforcement."
2019-8-7 19:26 | |
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Coinspeaker Making the Most of Your Bitcoin (By Maxing Your Tax)Crypto enthusiasts will know that just because you didn’t know about the tax liable on cryptocurrency gains doesn’t mean you don’t have to pay it.
2019-8-1 23:17 | |
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In 2014, the IRS announced cryptocurrency was subject to capital gains taxes, creating an accounting nightmare lawmakers have been eager to update to add clarity and promote crypto usage.
2019-7-9 23:49 | |
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By CCN: Japan is adding to its impressive compliance charge on cryptocurrencies by honing in on tax evasion. Through more stringent laws tracking cryptocurrencies, the Asian country will gain better access to data from exchanges.
2019-6-6 15:52 | |
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Tax authorities in Japan say cryptocurrency traders have failed to report gains valued at $93 million over the past several years
2019-6-5 18:34 | |
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An Israeli court has ruled against an investor in declaring bitcoin is an asset and not a currency, and thus subject to capital gains tax.
2019-5-22 15:15 | |
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A de minimis tax exemption in the new Token Taxonomy Act means that capital gains on crypto under $600 would not have to be reported to the IRS
2019-5-15 03:40 | |
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CryptoNinjas CryptoTrader. Tax, a Missouri-based cryptocurrency tax software start-up, has announced its integration with popular cryptocurrency exchanges Uphold and HitBTC. CryptoTrader. Tax is an easy and accurate way to calculate trading gains and prepare crypto taxes.
2019-5-8 13:01 | |
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By CCN. com: CCN sat down recently with one of crypto’s biggest lending firms to hear insights into the emerging crypto-lending industry. Antoni Trenchev, co-founder of Nexo, discussed the millennial mindset when borrowing, as well as upcoming trends in his field.
2019-5-6 12:09 | |
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Economic Development Zones And Crypto Tax President Trump’s 2017 tax cut features a section on how real estate and other taxable assets will be treated under the tax provisions. The section, known as Investing in Opportunity Act and Opportunity Zone Investment Program, may enable investors to defer and eliminate their future capital gains in what […]
2019-5-2 20:20 | |
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Taxation frustrates many in the cryptocurrency community. Investor capital gains along with Coinbase’s well-documented jockeying with the IRS, taxes continue to be an ongoing concern. There is some good news however on the U.
2019-5-1 16:00 | |
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Cryptocurrency tax expert and developer of the CryptoTrader.Tax software David Kemmerer breaks down what constitutes a taxable event when dealing with digital currency, how to file losses and gains connected to crypto trading, and how to make sure traders are using the correct tax forms.
2019-4-16 00:36 | |
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As the tax deadline draws closer, crypto investors will need to review their losses and gains related to their Bitcoin and altcoin holdings, and determine if they are required to report them on their taxes.
2019-4-13 23:00 | |
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Mario Costanz, CEO of CryptoTaxPrep.com, talks about the importance of crypto traders reporting capital gains and losses on their tax returns – and the consequences of not reporting.
2019-4-11 18:22 | |
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CCN received a “consumer warning” this morning from a crypto tax preparation firm. The warning outlines two aspects of crypto tax that the firm believes have been done wrong by other outfits – namely Bitcoin exchange Coinbase and Intuit, the creator of TurboTax.
2019-4-10 01:01 | |
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Some traders are using cryptocurrency as collateral to secure loans, allowing them to keep their bitcoin and get cash while avoiding capital gains tax. Due to the popularity of the option, the crypto loan industry has been growing rapidly.
2019-4-4 21:50 | |
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The San Juan Mercantile Bank & Trust International (SJMBT), a new bank in Puerto Rico catering to cryptocurrency traders, is now fully operational. SJMBT announced its receipt of all appropriate licensing from Puerto Rican regulatory officials to begin offering “fiat and digital asset custody and settlement services,” which are “to be integrated with the trading platforms offered by its affiliate, the San Juan Mercantile Exchange (SJMX).
2019-4-3 00:47 | |
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District of Columbia, USA. 1 April 2019. – Get Crypto Tax is offering its expertise to anyone that wants to report capital gains on cryptocurrencies. Everyone understands the complicated paths around filing taxes.
2019-4-1 20:00 | |
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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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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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It seems investors and Facebook users still won’t be phased by increasing pressure on the social media giant and its CEO Mark Zuckerberg. Despite data privacy concerns, tax hits, and scrutiny from global governments Facebook’s share price has risen and with it Zuckerberg’s wealth.
2019-3-12 10:46 | |
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If you trade cryptocurrency, reporting your gains or losses at tax time is not only a smart thing to do– it’s a must. If you earned a profit, failing to disclose it will come back. . . The post Crypto Tax Calculator CoinTracking.
2019-2-19 15:29 | |
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In this edition of The Daily, tax filing software Turbo Tax has integrated a feature that allows crypto investors to report their capital gains online. Also, Venezuelans have set a new record in P2P trade on Localbitcoins and Brazilians can now pay for movie tickets with digital coins.
2019-2-5 16:41 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas.
Crypto is captured in an asset-regularization regime included in a wide-ranging bill that's facing mounting backlash from citizens.
The proposed regulatory changes seek to simplify how DeFi returns are taxed and reduce the “administrative burden” for taxpayers.
The waiving of corporation and sales taxes targets companies that issue digital tokens for investment
Colorado is now accepting crypto for tax payments — but if you choose to use that option, it could change the amount you owe.
A proposed bill waiting for vote in Congress contains a “dangerous” amendment.