South Korean government gives tax break to blockchain trailblazers

2019-1-10 17:26

The South Korean government is giving the blockchain industry a tax break in a bid to help foster innovation in decentralized technologies. The Ministry of Strategy and Finance has announced that blockchain will be included in its amendments to 2018 tax law, which sees companies receive benefits for innovating with certain technologies, reports The News Asia.

This means companies developing blockchain technologies will be able to deduct some of the tax from their research and development (R&D) spend. The amount of tax a business will be able to deduct depends on its size. Small corporations will be able to claim…

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Источник: thenextweb.com

tax blockchain → Результатов: 103

Thai Excise Department Will Deploy Blockchain Tech to Boost Tax Collection

All three of Thailand's tax departments reportedly aim to improve tax revenue collection using blockchain technology.

2020-12-7 13:19	Government
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Korean blockchain lobby calls for crypto tax plan to be put on ice

The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023.

2020-10-16 04:29	Cryptocurrencies
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Tax Refund System by Excise Department in Thailand to Use Blockchain

The Excise Department is working with Krungthai Bank to develop a blockchain-based tax refund system. This department is also seeking ways to integrate blockchain technology in the tobacco, liquor, and other industries.

2019-11-26 22:24	Announcements
tax blockchain department system refund technology found

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Thai Government Trials Blockchain in Fight Against Tax Fraud

The tax authority in Thailand is testing a blockchain system that tracks value-added tax (VAT) invoices and potentially eliminate fakes.

2018-12-3 17:00
tax blockchain vat value-added tracks invoices fakes

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Thailand Government Trials Blockchain in Fight Against Tax Fraud

The tax authority in Thailand is testing a blockchain system that tracks value-added tax (VAT) payments and potentially eliminate fakes.

2018-12-3 17:00
tax blockchain thailand tracks vat value-added payments

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Blockchain Firms Need Tax Regulation, HeartChain Says

A blockchain firm has welcomed the agreement between the Israeli Tax Authority and Bits of Gold to provide cryptocurrency investors data to the government.

2018-7-10 17:03	News
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5 Countries Team up to Combat Tax Fraud From Cryptocurrencies

A new taskforce involving five countries’ taxation regulators was announced on Monday, July 5. The announcement by the Inland Revenue Service (USA) will aim to increase cooperation between the United States of America, the Netherlands, Australia, Canada, and the United Kingdom in order to combat crimes committed using cryptocurrencies, specifically tax evasion.

2018-7-9 14:59	Cryptocurrency
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President of Uzbekistan Signs Decree on Blockchain Integration, Tax Exclusions for Crypto

The Uzbek president has signed a decree on the integration of blockchain into governmental agencies in order to modernize administration, stimulate the economy

2018-7-5 03:37	Government
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EU’s Report on Cryptocurrencies: Says Officials “Should Not Ignore” Them

The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.

2018-7-3 23:28	Adoption
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SharesPost Report Estimates Blockchain Opportunity Exceeding $2.5 Trillion By 2028

Following news that the Swiss Bankers Association (SBA) has created a working group dedicated to helping local blockchain companies open bank accounts, we thought readers might be interested in comments from Gianluca Giancola, Co-founder of Zug-based blockchain-powered loyalty ecosystem qiibee.

2018-6-29 20:18	News
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Its Stance on Crypto To Become Blockchain Haven South Korea Reviews

Brief history of crypto regulation in South Korea South Korea has been closely regulating the crypto industry. The demand for crypto was so high that cryptocurrencies were traded at prices more than 30 percent higher than in other countries.

2018-6-29 16:34
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Cryptocurrency and Philanthropy: Top 3 Blockchain Platforms for Giving Back

Between investment portfolios, asset management, and regular conversations about HODLing, there isn’t much talk of charitable deeds. Cryptocurrency has been tarnished with many brushes, from criminal use to tax evasion and selfish personal gain.

2018-6-29 00:00	Charity
cryptocurrency gain doesn personal tax criminal use

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South Korea’s Ministry of Finance Says 10 Percent Crypto Tax Not True

South Korea finally responded to recent rumors stating that it will impose a 10 percent tax on cryptocurrency trading profits. According to a recent report, the country’s Ministry of Finance had already denied the existence of such a taxation scheme.

2018-6-26 14:49	Cryptocurrency
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New Taxation Rates To Be Introduced In Japan

In line with the new Japanese crypto-philosophy, which is sure to allow the blockchain revolution to flourish in Japan, authorities are now looking towards reducing current cryptocurrency tax rates, in order to introduce a new tax standard, which will see investors and traders pay tax at a fairer and less aggressive rate.

2018-6-26 14:00	Cryptocoins
new japan tax rates order allow japanese

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Bitcoin Trusts Can Save Traders From Taxes

The Securities and Exchange Commission (SEC), recently, noted that Bitcoin and Ethereum could not be considered “securities. ” While this made investors cheer, there is still one complicated regulatory battle they have to win.

2018-6-22 14:31	Bitcoin
bitcoin trusts taxes securities save traders resulting

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Bbva Bank Ceo Calls Blockchain ‘Immature’

Carlos Torres, CEO of Spanish bank BBVA, said blockchain technology is “not mature” and faces major challenges, el Economista reported June 18. According to Torres, the main challenges for blockchain are the “volatility of underlying currencies” and possible compatibility issues with tax authorities and financial regulators. Banco Bilbao Vizcaya Argentaria (BBVA) is a northern Spanish

2018-6-20 05:34	volatility
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2019-1-10 17:26

tax blockchain → Результатов: 103

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