2022-3-24 17:37 |
Any easing of the government's stance on crypto taxation will be contained in amendments to the bill. origin »
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South Korea’s Democratic Party agreed to delay the implementation of crypto taxation laws, signaling a temporary truce in the heated debate over digital asset regulation in the country, the Korean Herald reported on Dec.
2024-12-3 02:00 | |
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Australia, with the world’s most significant number of crypto ATMs, seeks advice from an international organization on implementing crypto taxation. The Organization of Economic Cooperations and Development (OECD), which has invented taxation on digital assets framework, was asked by the…
2024-11-25 02:17 | |
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Kenyan lawmakers are eyeing the regulation of crypto trading and introduction of crypto taxation among other regulatory moves, according to a report highlighting the latest crypto news from the East African country.
2022-11-22 01:02 | |
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On Tuesday, the members of the European Parliament (EP) voted in support of a resolution on crypto taxation in the EU. Also, the resolution calls for a general framework for crypto taxation in the EU. Additionally, the EU will be…
2022-10-6 16:05 | |
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The crypto industry’s attitudes toward tax are maturing, with a recent survey indicating that two-thirds of digital asset users are in favor of cryptocurrency taxation.
2020-5-1 07:41 | |
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Singapore’s taxation authority has clarified how it taxes the transaction of payment, utility and security tokens.
2020-4-20 07:00 | |
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Lukka Inc released a new library compiling the best academic papers on tax, legal, and accounting questions in cryptocurrency. The library focuses on questions that lack official guidance or regulatory...The post New Library Aims to Tackle Bitcoin Taxation and Law Controversies appeared first on Crypto Briefing.
2020-3-27 06:43 | |
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Australia’s tax authority, the Australia Taxation Office (ATO), is planning to contact thousands of Australian crypto traders to remind them of their tax obligations. The move is in line with the ATO’s aim to clampdown on crypto tax offenders.
2020-3-13 00:00 | |
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Upbit crypto exchange woes are still on after it emerged that foreign clients to this South Korean firm are yet to withdraw their ‘frozen’ funds. The platform suffered a blow when close to $50 million worth of Ether was stolen upon a successful hack towards the end of 2019. Most of the affected clients are […]
2020-2-22 22:02 | |
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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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For crypto owners looking to estimate how much they owe in taxes, there are some platforms with a free crypto tax calculator. They integrate with major crypto exchanges and wallets, allowing you to import your crypto transaction data and start calculating your taxes for free.
2020-2-10 22:00 | |
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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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The taxation of crypto assets may well be hindering their adoption in the United States. Deemed a commodity by the CFTC and property by the IRS, each time an individual makes a purchase with a digital currency, they are almost certainly creating a taxable event.
2020-1-17 01:00 | |
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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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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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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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France will soon be monitoring social media accounts to catch suspected tax evaders. The endeavor could label anyone as suspicious who so much as posts a “taxation is theft” meme or a poses with a nice car.
2019-12-29 09:45 | |
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US, UK, France, Australia and many more – a glance of crypto tax legislation worldwide in 2019
2019-12-29 00:32 | |
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Canadian tax authorities’ approach to crypto-assets might discourage the country’s citizens from using digital assets, as things like double taxation remain an issue. While the US still struggles to bring regulatory clarity to the world of cryptocurrencies, its neighbor, Canada, currently faces taxation issues.
2019-12-24 11:30 | |
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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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Authorities of New Zealand have decided that getting wages in Bitcoin and other crypto is legitimate and should be taxed similar to regular fiat salaries
2019-8-12 15:33 | |
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A U.S. lawmaker has introduced a bill that, once law, would free up cryptocurrencies from double taxation under current regulations
2019-8-8 23:17 | |
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The topic of crypto and taxes is a tricky one because it combines two of the most complex issues in the financial world; the very volatile world of cryptocurrency and the also the very confusing world of taxation.
2019-6-24 21:02 | |
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A resident of Australia paid a whopping $100,000 of tax on Ethereum coins currently worth $20,000, pushing the investor into a net loss from a freak tax event. The rules for taxation of cryptocurrency in Australia are unfair to investors and holders, leading experts to call for reform, as reported by Micky on June 24, 2019.
2019-6-24 21:00 | |
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Operating beyond national borders, cryptocurrency presents a unique set of challenges to tax collectors. As a result, authorities are moving towards increasing international cooperation and information sharing to enforce local taxation laws.
2019-6-15 23:00 | |
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The Australian Taxation Office is hunting down major tax avoidance schemes using cryptocurrencies, according to a report.
2019-6-8 14:00 | |
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Ron Paul, a former US Representative, spoke with CNBC Crypto Trader regarding Brad Sherman’s comments on Bitcoin and aspects regarding Bitcoin’s regulations. Brad Sherman, in a hearing, said that Bitcoin should be banned as it posed a threat to the US Dollar and in turn to the US international financial power as the US Dollar […] The post Bitcoin [BTC] should have minimal regulation, taxation around it, says former US Representative Ron Paul appeared first on AMBCrypto.
2019-5-26 21:30 | |
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The U. S. Internal Revenue Service (IRS) is planning to overhaul its methods for determining the federal taxes due on cryptocurrency payments to improve clarity for taxpayers.
2019-5-21 20:54 | |
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With Bitcoin spiking more than 120 percent since the start of 2019, the U. S. Internal Revenue Service (IRS) says it is readying an updated set of guidelines to cover cryptocurrency taxation. IRS Preparing Additional Crypto Tax Guidelines In a letter to a bipartisan group of U.
2019-5-21 18:00 | |
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Coinspeaker IRS to Release In-Depth Crypto Tax Guidance ‘Soon’According to the IRS, they are now working on comprehensive crypto taxation guidance, which will in-depth explore 'acceptable methods for calculating cost basis, acceptable methods of cost basis assignment, and the tax treatment of forks'.
2019-5-21 11:36 | |
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By CCN: Cryptocurrency investors may soon have more clarity on how the IRS will tax their holdings now that the agency has said it is making that a priority. The latest IRS acknowledgment of crypto taxation issues is in response to members of Congress.
2019-5-21 03:50 | |
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Thus far, Australian cryptocurrency traders have been able to avoid the gaze of the tax man without too much effort. But this week, the Australian Taxation Office (ATO) launched a data-matching program, in an attempt to hunt down evaders.
2019-5-3 18:00 | |
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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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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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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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By CCN. com: It will now be harder for Australians to under-declare or over-declare the taxes they owe on their crypto holdings or transactions. This follows an announcement by the Australian Taxation Office (ATO) that it will collect bulk records from cryptocurrency businesses in the country.
2019-4-30 12:37 | |
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From America to the United Kingdom and from Russia to Australia, cryptocurrency taxation in major bitcoin strongholds is complicated. Contradictory or non-existent laws, excessive red tape, and maddeningly vague guidelines have conspired to make the tax-paying process more arduous than it need be.
2019-4-23 04:05 | |
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21 U.S. lawmakers sent a joint request to the IRS to provide clear guidance on the taxation of virtual currency
2019-4-12 00:45 | |
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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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Paying taxes on Bitcoin and other cryptocurrencies is becoming a priority for individuals in the US after the IRS announced on July 2nd, 2018 that one of their core campaigns and focuses for the year is the taxation of virtual currencies.
2019-3-4 20:57 | |
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One of the most confusing things regarding cryptocurrencies is taxes. While there is a lack of any real regulations in most countries around the world, governments have still found a way to introduce crypto taxation, and take advantage of traders who are making a profit by dealing with digital currencies. Furthermore, those who have failed […]
2019-2-1 15:47 | |
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Coinbase, the US-based digital asset exchange wrote in a blog post on Thursday about the confusion surrounding taxes in regards to cryptocurrency transactions. The exchange noted that both their customers and the broader crypto community who are US taxpayers need clarity on the issue.
2019-1-26 16:14 | |
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Water and oil. This best describes the relationship between cryptocurrencies and taxes. The current taxation model dates back many years ago before Nakamoto launched cryptos. This makes it quite difficult to adhere to the taxation policies for crypto traders.
2019-1-22 11:07 | |
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Last week, two of the largest banking regulators within the European Union released reports calling for uniformity in the regulations of crypto assets and Initial Coin offerings (ICOs) across the continent.
2019-1-16 01:54 | |
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Venezuelan government’s official newspaper has published a decree that allows the authorities to tax operations with cryptocurrency and foreign fiat
2019-1-9 16:08 | |
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Buying and selling property using cryptocurrency is less straightforward than was first assumed. The handful of mortgage lenders and realtors who were initially keen are now reluctant to accept crypto deposits due to money laundering fears.
2019-1-8 07:15 | |
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The South African Revenue Service and other agencies are looking to create a new legal framework and tackle the country’s crypto taxation policies.
2019-1-5 00:01 | |
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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.