2021-2-4 16:47 |
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The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45. 5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official.
2021-1-7 07:30 | |
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The world’s largest economy is looking for ways to increase revenues, including taxation of digital assets and cryptocurrencies. During a virtual interview at the OECD’s 2020 Global Blockchain Policy Forum, senior counsel at the Treasury Department, Erika Nijenhuis, stated the U.
2020-11-21 23:38 | |
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The Russian Ministry of Finance intends to make amendments to its tax law in a bid to clarify regulations surrounding crypto taxation. The ministry unveiled this news on November 11 through an article, noting that the proposed changes are necessary for the implementation of the rules embedded in the law on digital financial assets and digital currencies, which the country adopted in the summer of 2020.
2020-11-14 16:47 | |
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The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form.
2020-10-26 14:13 | |
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The Internal Revenue Service is planning to change the 2020 tax form and make sure all taxpayers report about their cryptocurrency transactions. The standard 1040 form will be altered by adding the following questions on the front page: At any time during 2020, did you sell, receive, send, exchange or otherwise acquire any financial interest […] The post IRS to Revise Form 1040 to Make it Harder for Traders to Escape Crypto Tax Obligation first appeared on BitcoinExchangeGuide.
2020-9-27 17:53 | |
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There is discord and disagreement within the Bitcoin Cash community again around plans to tax BCH miners - and the potential of yet another fork is looming. Almost two years on from the Bitcoin Cash / Bitcoin SV hardfork drama - where is Bitcoin Cash today in terms of its goal to ‘be a better Bitcoin’ - and where does it go from here?
2020-9-17 19:00 | |
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With bitcoin still lagging behind U.S stocks and additional tax guidance in the U.S., CoinDesk's Markets Daily is back for your latest crypto news roundup!
2020-8-31 19:00 | |
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The US taxation watchdog is tightening the noose around crypto investors. IRS Wants to Know About Your Crypto Indulgences The US Internal Revenue System (IRS) recently released drafts of its income tax forms for 2020 which particularly asks all taxpayers whether they ever bought any crypto.
2020-8-22 15:07 | |
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A few days ago, on August 19th, the US IRS published drafts that show what the new income tax forms for 2020 will look like. Interestingly enough, the drafts will also require US citizens to disclaim whether or not they used digital currencies at some point this year.
2020-8-22 13:29 | |
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Every American filing taxes for 2020 will have to tell the IRS whether they used crypto this year, according to new drafts from the tax agency.
2020-8-21 19:04 | |
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The South Korean government has ordered the implementation of a tax law that will require a variety of assets to pay taxes. Said tax law will be effective in 2021; five months from now. The announcement was made on the 22nd of July by the country’s Ministry of Strategy and Finance with a “2020 Tax […]
2020-7-23 10:15 | |
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South Korea's government has tabled its final proposed tax code on cryptocurrencies with the tax rule set to be implemented from October 2020. The new tax rule will see a 20% income tax on crypto gains take effect as South Korea's government scales its effort to capture digital asset revenue. The final documentation was agreed […]
2020-7-22 18:59 | |
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With Tax Day fast approaching, CoinDesk's Markets Daily covers all things IRS and crypto taxes on today's show!
2020-7-15 19:00 | |
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All you need to know to prepare for Crypto Tax Season 2020 and correctly inform the IRS about your crypto.
2020-6-18 18:00 | |
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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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There are only a few more weeks before the U.S. tax season. The 2020 U.S tax season deadline has historicallyContinue Reading The post 10 Tips for Filing Crypto Taxes appeared first on CoinMarketCap Blog.
2020-6-7 16:00 | |
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The Agencia Estatal de Administracion Tributaria (AEAT), which is Spain’s tax agency, has announced plans to send out more letters to holders of bitcoin (BTC) and other blockchain-based cryptocurrencies in the nation in spite of the current global economic downturn caused by the coronavirus pandemic, according to reports on April 3, 2020.
2020-4-5 01:00 | |
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In a bid to regulate its cryptocurrency space, Ukraine‘s National Agency for Prevention of Corruption (NAPC) has defined clear rules for declaring cryptocurrencies as intangible assets. As such, taxpayers in the country have been mandated to report their crypto holdings following these guidelines, according to a Forklog report on March 3, 2020.
2020-3-5 22:00 | |
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In our previous articles about cryptocurrency tax software, we mentioned the importance of proper tax calculations, because you know that old saying: there are only two things you have to do in life: die and pay taxes.
2020-2-27 00:51 | |
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Tax agencies across the world needed a lot of time to get up to speed with complexities and new paradigms that crypto brought about with itself. It took them time but they finally got there and shouldn’t be taken casually – just the contrary.
2020-2-25 17:47 | |
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The United States Internal Revenue Service (IRS) is inviting cryptocurrency stakeholders to a crypto tax summit in March. The move comes as the IRS has declared its intention to pursue robust virtual currency tax enforcement in 2020.
2020-2-19 16:00 | |
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The tax benefits of donating bitcoin to nonprofits could help push bitcoin adoption in 2020. The post 2020 Bitcoin Adoption: Why Nonprofits Will Lead the Way appeared first on Bitcoin Magazine.
2020-2-11 16:00 | |
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The island country of Saint Kitts and Nevis, located in the West Indies, recently passed a bill that legalizes digital currency assets like bitcoin cash. The act is cited as the Virtual Asset Bill 2020 and it aims to provide the regulation of cryptocurrencies for Saint Kitts and Nevis businesses and residents.
2020-2-7 07:15 | |
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On Feb. 1, 2020, Jiang Zhuoer of BTC.TOP, the operator of a powerful mining pool in the Bitcoin Cash ecosystem, revised his stance on the controversial miners’ donation. He had...The post Bitcoin Cash Miner Revises Rewards Tax, Community Still Skeptical appeared first on Cryptocurrency News.
2020-2-3 10:40 | |
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Paying crypto taxes is becoming increasingly difficult in 2020, as government tax authorities around the world continue to change their minds on how digital assets should be handled. To make things easier, we’ve put together a comprehensive guide to bring you up to speed on the latest changes.
2020-1-31 18:00 | |
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According to January 29, 2020, announcement by major crypto financial services company Bitcoin Suisse, the Swiss city of Zermatt has now become the second city in Switzerland which allows taxpayers to pay their taxes in Bitcoin (BTC).
2020-1-30 22:00 | |
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Back in 2017 the cryptocurrency craze hit the mainstream world. Suddenly, news of people getting rich overnight grabbed everyone’s attention. Naturally, the government didn’t fall on deaf ears and has shown a significant interest in the crypto markets.
2020-1-24 05:30 | |
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In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines […] The post Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies appeared first on Bitcoin News.
2020-1-23 07:55 | |
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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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The U. S. Internal Revenue Service (IRS) is directly focusing on crypto trading for the 2020 Tax Day with a checkbox on the tax form enquiring after people’s involvement in virtual currency activities.
2020-1-8 17:00 | |
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Back in 2017 the cryptocurrency craze hit the mainstream world. Suddenly, news of people getting rich overnight grabbed everyone’s attention. Naturally, the government didn’t fall on deaf ears and has shown a significant interest in the crypto markets.
2020-1-3 23:09 | |
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As 2020 begins, what’s on your to-do list? From running a full node to straightening out your Bitcoin tax filings, check out these top Bitcoin HODLers New Year’s resolutions. Bitcoin HODLers New Year’s Resolutions There’s something about a New Year that fills people with hope and promise–and a desire to make it better than the one before.
2020-1-2 19:30 | |
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President Trump architected sweeping changes to the tax code early in his presidency, and if he wins in 2020, Tax Cuts 2. 0 could be afoot. The post A Repeat Win for Trump in 2020 Could Mean ‘Tax Cuts 2.
2019-12-15 20:30 | |
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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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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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The post 3 Quality Cryptocurrency Tax Calucaltors for 2020 appeared first on Invest In Blockchain.
2019-11-27 10:36 | |
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The post 3 Top Cryptocurrency Tax Calucaltors for 2020 appeared first on Invest In Blockchain.
2019-11-28 10:36 | |
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The post 3 Top Cryptocurrency Tax Calculators for 2020 appeared first on Invest In Blockchain.
2019-11-28 10:36 | |
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In a recent interview with the New York Times’ Andrew Ross Sorkin, Bill Gates gave his opinion on Elizabeth Warren’s billionaire taxes. As the second-richest individual in the world, Gates agreed the wealthy should pay higher taxes but insisted that making the tax rate too high could encourage tax dodging and become counterproductive.
2019-11-12 16:41 | |
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The nuco. cloud (short term of nubes computatrum) is a cloudbased distributed computing network developed by the Iron Eagle Capital GmbH, based on BOINC (Berkeley Open Infrastructure Network Computing), the scientific computing cloud of the University of California, Berkeley, and Gridcoin.
2019-7-9 17:17 | |
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Singapore’s government appears set to offer tax exemptions for bitcoin and other cryptocurrencies based on a draft document published by the country’s tax body. The proposed perpetual tax holiday will reportedly apply to virtual currencies deemed to be digital payment tokens and will come into effect in 2020 if approved.
2019-7-9 17:59 | |
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Coinspeaker Singapore Proposes Dropping VAT on CryptocurrenciesSingapore plans to exempt cryptocurrencies that are intended to function as a medium of exchange from Goods and Services Tax (GST) - the local equivalent of Value-Added Tax (VAT).
2019-7-8 11:48 | |
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Paying a wealth tax is just fine for George Soros. He is among more than a dozen billionaires who make up the richest people on the planet and don’t think they’re being taxed enough to cover their fair share.
2019-6-25 02:00 | |
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By CCN: Cryptocurrency maverick and U. S. 2020 presidential candidate John McAfee announced Thursday that he was going offline fearing for his life and freedom, prompting speculation and wild conspiracy theories on social media.
2019-5-18 17:41 | |
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Andrew Yang is a 2020 presidential candidate who has his sights set on crypto reform. His webpage features a brief titled Crypto/Digital Asset Regulation and Consumer Protection. Therein, he notes that there is an absence of a national framework for crypto and digital assets.
2019-4-23 19:29 | |
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By the time you read this, I hope you’ve at least received your far-delayed tax return due to the US government shut down. But no matter who blinked first to end the shutdown (or possibly start it again), chances are another self-inflicted crisis will likely happen between now and 2020 because Washington politicians don’t remember how to work together.
2019-3-17 16:30 | |
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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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