2023-10-17 19:52 |
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities. origin »
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A special council has just been created in Ukraine to draft crypto taxation regulations and strengthen existing laws.
2022-11-21 14:29 | |
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The need for comprehensive crypto tax reform will only become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing.
2022-11-17 17:31 | |
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The government may write special rules regarding the treatment of the new asset within the cubbyhole, but there will be an existing tax bucket for every new idea, says KPMG's Tony Tuths.
2022-11-15 20:18 | |
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Apple published rules for NFTs for the first time that included a 30% NFT “tax” and geo-limiting exchanges.
2022-10-27 22:30 | |
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The Internal Revenue Service (IRS) has released a draft of new instructions to U.S. taxpayers on reporting digital asset activity. IRS Releases Draft Tax Document The IRS is expanding its...
2022-10-20 00:13 | |
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Japan has been looking to gradually ease rules for crypto startups, with the government also considering corporate tax breaks for companies.
2022-10-20 19:50 | |
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Portugal could soon impose taxes on crypto investors through new rules set out in its draft budget. Portugal Includes Crypto In Budget Portugal may impose a 28% tax on crypto...
2022-10-11 00:46 | |
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IRS rules weren’t ready for the Ethereum upgrade. It’s unlikely to become the fiasco that taxpayers experienced when Bitcoin forked in 2017, but there are measures they can take to prepare for whatever the IRS decides.
2022-9-28 00:31 | |
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Kazakhstan has imposed new tax rules on crypto miners, this new taxation system shall be differentiating the tax rates on crypto mining. It also includes crypto miners that use renewable energy resources.
2022-7-15 04:00 | |
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The President of Kazakhstan signed a bill to apply a differentiated tax rate based on the energy consumption of crypto miners on July 11. The post Kazakhstan imposes new tax rules on crypto miners appeared first on CryptoSlate.
2022-7-13 15:00 | |
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Her Majestys Revenue and Customs is seeking views from investors, professionals, and firms engaged in the DeFi space. U.K. Mulls New Tax Rules for DeFi The U.K. government wants help...
2022-7-5 17:50 | |
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An Indian government notification from the tax authorities has clarified key procedural elements of compliance to the new and controversial tax provision, 1% tax deducted at source (TDS), effective July 1, 2022.
2022-6-22 22:29 | |
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The OECD is trying to introduce new rules to stop crypto being used to stash assets out of sight of the taxman.
2022-5-24 23:08 | |
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The rise in crypto adoption has brought taxation, sometimes even before the government forms clear rules to protect users in the space. Long regarded as one of the last crypto tax havens in Europe, Portugal is on the brink of shedding the label as the government prepares a tax framework for the asset class. Portugal […]
2022-5-20 16:06 | |
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Plans to share bitcoin data with foreign tax authorities may be hard to adapt to transparent, decentralized blockchains – but once in place, new rules are hard to shift.
2022-5-19 12:51 | |
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Amendments to the tax code have passed the first round of parliamentary consideration in February.
2022-4-20 13:46 | |
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Crypto trading volume at India-based exchanges fell to its lowest levels in recent years after the country’s new crypto tax rules came into effect on April 1, according to data from crypto research firm Crebaco.
2022-4-15 13:25 | |
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Multiple reports show weighty selling and drop in trading volumes across major exchanges in India. It follows the recent enforcement of the country's new crypto tax rules.
2022-4-10 19:29 | |
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India’s new crypto tax policy, which is based on gambling and lottery ticket win tax rules, is set to come into effect on April 1.
2022-4-1 12:36 | |
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The new tax proposals are set to formally become law on Thursday amidst little hope that the government may soften the tax blow.
2022-3-24 20:33 | |
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Any easing of the government's stance on crypto taxation will be contained in amendments to the bill.
2022-3-24 17:37 | |
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Details of overseas crypto holdings would be shared with home tax authorities under the planned extension of rules intended to bust financial secrecy.
2022-3-22 16:57 | |
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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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Crypto traders will be exempt from a 7% VAT tax.
2022-3-8 17:41 | |
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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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Russia is making a headway in finalizing its crypto bill, with the Ministry of Finance seeking the assistance of the public in improving the regulation of digital assets by middle of next month. A prior notice the ministry calls “On Digital Currency,” will expound on a public consultation to: 1 – Set regulatory rules for […]
2022-2-20 09:02 | |
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In 2019 Joshua Jarrett earned block rewards on proof-of-stake networks, paid taxes as if those rewards were income, and in line with IRS’ limited guidance on how block rewards should be taxed. The post IRS signals tax case retreat on staking, but the rules haven’t changed for everyone else appeared first on CryptoSlate.
2022-2-4 18:41 | |
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During the budget session, India’s Finance Minister Nirmala Sitharman announced crypto income will be taxed at 30%, along with a string of strict conditions. The post Indian government to enforce tough crypto tax rules, is this a sign of things to come worldwide? appeared first on CryptoSlate.
2022-2-2 16:00 | |
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10 members of the US Congress have voiced their dissatisfaction with the Infrastructure Investment and Jobs Act. The group expressed their dissatisfaction with the legislation in a strongly worded letter to the Speaker of the House of Representatives A part of the law is widely believed to have unfair negative effects on the cryptocurrency industry. […]
2021-11-18 17:05 | |
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US senators Ron Wyden and Cynthia Lummis rush to tweak the controversial crypto provision, in an effort to narrow some of the new tax reporting rules outlined in the $1,2 trillion infrastructure bill President Joe Biden signed into law on Monday, Bloomberg reported.
2021-11-17 06:30 | |
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A pair of U.S. senators are introducing a bill to limit some of the cryptocurrency tax reporting rules in President Biden’s infrastructure legislation. The post U.S. Senators Introducing Bill Limiting Crypto Tax in Biden’s Plan appeared first on BeInCrypto.
2021-11-17 19:05 | |
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A separate bipartisan bill aims to soften new cryptocurrency tax reporting requirements
2021-11-15 21:41 | |
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South Korean presidential candidates have started calling for changes in the crypto tax rules… The post Crypto tax rule will be decisive in South Korea’s upcoming election appeared first on Coin Journal.
2021-10-18 15:46 | |
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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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The Treasury Department is looking to add more crypto reporting requirements in the reconciliation bill. On the one hand, the Treasury wants to introduce more rules for cryptocurrency transaction reporting; on the other hand, the officials of the department have been telling media that the crypto community’s fear about tax provision in the $1 trillion […] The post Treasury Seeking More Crypto Reporting Requirements, Global Data-Sharing, in Reconciliation Package first appeared on BitcoinExchangeGuide.
2021-8-31 17:05 | |
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Speaking on condition of anonymity, an official has reportedly told Bloomberg that the Treasury Department is planning to clarify the definition of “broker” in the recently passed infrastructure bill.
2021-8-16 01:37 | |
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The Bipartisan Infrastructure Bill, which includes a provision for stricter cryptocurrency taxation oversight, has recently been the cause of fervor in the US Senate and the cryptocurrency community.
2021-8-11 18:39 | |
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The bitcoin price fell slightly after an amendment clarifying cryptocurrency tax rules in the proposed U.S. infrastructure bill was rejected.
2021-8-11 15:34 | |
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The U.S cryptocurrency community has spent the last week battling Congress over the proposed Bipartisan Infrastructure Bill that has a provision that defines “brokers” in the cryptocurrency industry as “any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person.” Along with the crypto […]
2021-8-10 17:42 | |
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A new proposal to amend the U. S. bipartisan infrastructure bill introduced to the Senate on Sunday could exempt cryptocurrency miners, those staking crypto, and users of their services from reporting and paying tax on their cryptocurrencies.
2021-8-8 14:52 | |
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South Korea examines ways to expand its tax base, with proposals to strengthen the government’s ability to seize tax evaders’ crypto assets directly from their personal wallets.
2021-7-26 12:02 | |
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According to the answer given, “if your only transactions involving virtual currency during 2020 were purchases of virtual currency with real currency, you are not required to answer yes to the Form 1040 question.
2021-3-3 14:16 | |
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They call it the charitable-industrial complex: a system where money for development, for humanitarian needs and for improving the lives of billions is controlled through a top-down process, run by U.
2021-1-9 20:30 | |
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The South Korean government has issued an amendment to introduce tax on cryptocurrency trading profits. The plan is now a reality after several attempts to delay it by lawmakers. New Rules Impose 20% Tax on Crypto Profits Per Asia Today, the legislative notice details that the amendment will be enacted in February, and profits from […]
2021-1-9 13:15 | |
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In new legislation, the Cayman Islands is looking to clarify rules on crypto exchanges, including registration and sandbox licensing.
2020-5-1 01:21 | |
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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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Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes.
2020-2-16 06:30 | |
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Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes.
2020-2-15 06:30 | |
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What's especially terrifying is that the misclassification of in-game currencies is probably the result of ignorance. How different will future regulation be from traditional cryptocurrency rules? The post The IRS’ Fortnite Currency Tax Mishap Is a ‘Black Mirror’ Moment for Gaming appeared first on CCN.com
2020-2-15 06:00 | |
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The U. S. Internal Revenue Service (IRS) is yet to clarify which Foreign Account Tax Compliance Act (FATCA) rules apply to crypto tax filings. Meanwhile, a U. S. Congress watchdog is saying aspects of the updated crypto taxation guidelines published by the IRS in 2019 are not enforceable.
2020-2-13 22:00 | |
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The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.
Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.
The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.