2020-1-21 18:43 |
Officials from the Ministry of Economy and Finance's income tax office have reportedly been reviewing the proposal. origin »
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The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas.
2024-3-14 19:38 | |
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According to The Economic Times, India’s income tax authority is monitoring crypto investors and traders to demand income tax from them. This was reported by sources close to the government. The country’s tax department monitored cryptocurrency transactions that were conducted using bank accounts.
2020-12-6 20:11 | |
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The New Zealand government has held discussions in a bid to revise the Goods and Service Taxes applied to cryptocurrency. This would mean that cryptocurrencies exchanging ownership would be liable to a 15% GST and end up double taxing as they would still be keen on applying the income tax. The revenue authority Inland Revenue […]
2020-2-26 23:26 | |
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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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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 Korean regulators are reportedly considering a 20% income tax on income from crypto transactions
2020-1-20 11:30 | |
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South Korea's finance ministry might be planning to impose a 20 percent tax on income gained from cryptocurrency transactions, according to a recent Korea Herald report. The report quoted a governmentThe post South Korea considering the imposition of 20% tax on crypto-profits appeared first on AMBCrypto.
2020-1-20 10:19 | |
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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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The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced.
2019-12-31 00:40 | |
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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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We got a copy of the Indian tax authority’s secret training manual for cryptocurrencies
2019-12-18 09:36 | |
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Citizens of Greece might begin to turn to Bitcoin as new stringent laws will impose heavy fines on those who do not spend 30% of their income electronically. The law has been implemented to help tackle tax evasion in the country.
2019-12-10 14:15 | |
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Spending Bitcoin (BTC) may be easy, but mainstream users are avoiding it. There may be one reason – the recent interest of the taxman in digital coins. Bitcoin Income May Create Taxable Event Not only US citizens, but also internationals, see the usage of BTC as creating a taxable event.
2019-11-22 14:58 | |
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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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IRS reaffirms that its summons on crypto trading platform Coinbase in an income tax investigation is legitimate
2019-11-21 03:33 | |
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Many people in the U. S. and elsewhere think of the income tax as some kind of timeless staple of society. The truth is, it was only first instituted in the United States as a permanent fixture in 1913.
2019-11-12 11:00 | |
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The current legal status of Bitcoin is difficult to gauge in the United Kingdom. A new taxation guidance update shows there is still some confusion to be cleared up. At this time, cryptocurrencies are neither currencies nor securities.
2019-11-5 22:30 | |
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“.. if I could have one word that would just be to describe this whole guideline will be just whack, I mean, they’re just not thinking about what their guideline means,” said Brandon Green, Project Manager for BTC Inc while talking about the recently released guidelines and clarifications about its crypto tax policy by the […] The post IRS’s treatment of fork, airdropped coins as income prompts debate appeared first on AMBCrypto.
2019-10-14 01:30 | |
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The US Internal Revenue Service (IRS), a bureau of the Department of Treasury, recently added a question regarding cryptocurrency ownership to its standard 1040 income tax form for the upcoming tax filing season. A draft...
2019-10-13 12:37 | |
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The U.S. IRS adds question to 1040 income tax form to find out if taxpayers have been dealing with cryptocurrencies
2019-10-13 20:48 | |
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The U.S. IRS adds question to 1040 income tax form to find out if taxpayers have been dealing with cryptocurrencies
2019-10-11 20:48 | |
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New Zealand‘s tax authorities have deemed it legal for companies to pay its employees in Bitcoin and other cryptocurrencies. Companies will also be able to deduct income taxes using current PAYE (pay as you earn) frameworks under the Income Tax Act 2007.
2019-8-12 14:02 | |
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Coinspeaker New Zealand Gives Greenlight for Cryptocurrency Income and Salary PaymentsNew Zealand has published a ruling by its tax authorities that allows paying workers’ salaries with cryptocurrency.
2019-8-12 13:25 | |
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New Zealand's tax authorities have ruled that income in cryptocurrencies is legal and provided guidance on how exactly it should be taxed
2019-8-13 10:48 | |
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A cybercriminal from Israel is facing a long list of felonies associated with the supposed theft of $1. 7 million (6. 1 million NIS) in various cryptocurrencies. The perp, 31-year old Eliyahu Gigi from Tel Aviv, reportedly stole Bitcoin, Ethereum, and Dash from various foreigners, including Belgians, Dutch, and Germans, Israeli news reports.
2019-7-18 11:18 | |
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Bulgaria has suffered what has been described as the biggest data leak in its history. The stolen data, which hackers emailed to local media on July 15, originates from the country’s tax reporting service – the National Revenue Agency (NRA).
2019-7-16 15:40 | |
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Since the inception of the crypto industry nearly a decade back, various regulators across the globe have been faced with the task of taxing digital currencies in a way that is not only fair but also quite streamlined.
2019-7-13 19:37 | |
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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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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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Minnesota Congressional Representative Tom Emmer has announced plans to reintroduce a bill meant to “provide temporary safe harbor for the tax treatment of hard forks of convertible virtual currency in the absence of administrative guidance.
2019-5-17 18:34 | |
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The Australian Taxation Office (ATO), on April 30, 2019, announced that they were collecting trading records from designated service providers (DSPs) to ensure that cryptocurrency traders were presenting accurate income statements and not cutting out on taxes.
2019-5-2 13:00 | |
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Income tax payers in the U.S. now have the option to receive their federal and state refunds in bitcoin through Bitpay and Refundo.
2019-5-1 13:40 | |
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Federal tax season just passed in the United States, but if you’re one to leave responsibility to the wayside and had to apply for an extension, that might just pay off.
2019-5-1 23:39 | |
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Atlanta, April 30, 2019 – BitPay, the largest global blockchain payments provider, today announced Refundo, a leading provider of tax related financial products, is making federal and state tax refunds available in Bitcoin directly to taxpayers through BitPay’s Payouts.
2019-5-1 22:46 | |
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CryptoNinjas BitPay, a leading blockchain payments provider, today announced Refundo, a provider of tax-related financial products, is making U. S. federal and state tax refunds available in bitcoin (BTC) directly to taxpayers through BitPay’s Payouts.
2019-4-30 18:56 | |
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According to CCN, a crypto tax preparation firm sent it a “consumer warning” outlining two crypto tax elements that other exchanges such as Coinbase and Intuit have been doing wrong. The warning stated concerning Coinbase, “The online tax guidance provided by Coinbase implies that airdrops are taxable as ordinary income—which is reported on Line 21 […]
2019-4-10 19:08 | |
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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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Jamie Dimon has doubled down on his calls for the rich to pay more in income taxes. The JPMorgan CEO has long been a supporter of a more progressive taxation system, and his views have only been sharpened by the recent Trump tax breaks which favored the rich.
2019-4-4 20:00 | |
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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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Many crypto investors today are full of common misconceptions that might actually end up affecting them in an adverse manner later down the line. For example, a lot of people are still under the impression that crypto assets are not taxable and thus can be used to circumvent the existing income tax laws of different […]
2019-4-1 14:38 | |
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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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Ohio might have made history as the first city to accept cryptocurrency for corporate taxes, but one Canadian town is adding its name to the books by becoming the first in North America to permit its citizens to pay their personal taxes in bitcoin.
2019-3-28 19:04 | |
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Andrew Yang, the New York non-profit entrepreneur and 2020 Democratic presidential candidate who’s a bull for bitcoin and ethereum – as well as Universal Basic Income (UBI) – owes 22 political activists $22,000 toward making UBI a reality – at least according to the activists themselves.
2019-3-13 17:20 | |
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A crypto tax consultant says on Twitter that traders under a certain income level do not have to pay taxes on crypto operations for 2018
2019-3-27 16:17 | |
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It seems like New York and Alexandria Ocasio-Cortez could learn a thing or two from Europe. The “millionaire tax” that both the state and its most controversial representative are proposing was first attempted in France back in 2012.
2019-3-12 00:49 | |
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The Tax Cut Results are In And It Doesn’t Look Good The data is in, and it doesn’t look good if you’re a fiscal hawk. As reported by CBS, the US deficit is up by 77% compared to the same time in 2018.
2019-3-6 12:52 | |
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Writing for Foreign Policy, David Gerard levies the following taunt: “Forget Bitcoin, try your mattress – cryptocurrency is about as safe as keeping your money in a sock under someone else’s bed.
2019-2-18 21:45 | |
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According to data from Navigator Research, a recent poll concluded that almost half of Americans support a 70% marginal tax on income earned above $10 million. Without explanation, 48% of people polled favored the proposition from the Green New Deal.
2019-2-15 19:51 | |
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El Salvador amended its Bitcoin law to comply with an IMF deal, ensuring voluntary acceptance while maintaining its legal tender status. The post El Salvador amends Bitcoin law to comply with IMF deal, making acceptance voluntary appeared first on Crypto Briefing.
The Fed keeps rates at 4.25%-4.50%, avoiding commitment to cuts. Bitcoin dips 1% but remains above $100K as markets assess Powells stance. The post Bitcoin holds $100K as Fed keeps rates steady, Powell remains cautious on cuts appeared first on Crypto Briefing.
U.S. crypto exchange Coinbase has onboarded four experts from finance and politics to bolster its regulatory approach under Donald Trump’s administration.
Kazakhstan plans to expand legal crypto operations, with president Kassym-Jomart Tokayev calling for urgent changes to improve the country’s infrastructure for digital assets. With the U.S. government becoming more crypto-friendly, Kazakhstan‘s president Kassym-Jomart Tokayev is pushing for a fast expansion…
US Senator Cynthia Lummis has filed an amicus brief supporting Coinbase in its ongoing legal battle against the Securities and Exchange Commission (SEC), accusing the agency of exceeding its authority and undermining congressional oversight.
Bitwise files the first physically backed Dogecoin ETF under the 33 Act, marking a milestone in regulated crypto investment. The post Bitwise files for Dogecoin ETF as institutional interest in meme coins grows appeared first on Crypto Briefing.
Coinbase has received approval to launch its platform in Argentina after successfully registering as a Virtual Asset Service Provider (VASP) with Argentina’s National Securities Commission (CNV), according to a Jan.