2022-10-19 11:05 |
An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new “Digital Asset” category. origin »
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The United States Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year.
2022-10-19 15:45 | |
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Newly released draft instructions for the 2022 tax year change the language from “virtual currency” to broader “digital assets.”
2022-10-19 02:37 | |
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The latest price moves in bitcoin (BTC) and crypto markets in context for September 1, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
2022-9-1 16:55 | |
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The latest price moves in bitcoin (BTC) and crypto markets in context for September 1, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
2022-9-2 16:55 | |
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The government announced its 2022 Tax Reform Bill on Thursday, which states the planned virtual asset tax, already delayed by a year, will be postponed further.
2022-7-21 12:38 | |
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The 30% crypto income tax policy came into effect in India in February 2022. The country’s finance minister Nirmala Sitharaman described the tax law as another step toward positive crypto regulationThe post India: The full scope of what's actually in store for exchanges after 1%TDS appeared first on AMBCrypto.
2022-7-5 19:30 | |
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The U.K. HM Revenue & Customs (HMRC) agency opened a consultation on the state of crypto taxation, specifically for decentralized finances (DeFi). This call for evidence will have an 8-week duration from today July 5th until August 31st, 2022 and could result in significant changes to the DeFi tax structure. Related Reading | 3 Lessons From […]
2022-7-6 18:17 | |
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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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In our previous articles about cryptocurrency tax calculators, 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.
2022-6-3 17:42 | |
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The third day of WEF 2022 will see OECD’s secretary-general share his thoughts on a reimagined global tax system and industry experts discuss DeFi as the future of decentralized governance.
2022-5-25 11:44 | |
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The 2022 tax season is coming to an end without many challenges.
The post Taxpayers get a surprise as the IRS pushes for reporting on crypto assets appeared first on CryptoSlate.
2022-4-19 05:00 | |
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We all hate paying taxes, but if you bought or sold cryptocurrencies on Coinbase Uncle Sam still wants his share of that. I know, I know, it may not be a fun topic for most, but it’s vital to know so we’ll try breaking it down in the most accessible and simple way possible.
2022-4-7 12:25 | |
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Floki is “the people’s crypto” and has a unique and fascinating history. Launched in June of 2021, the project has overcome numerous obstacles on its way to becoming a leader in the space with a hotly anticipated Play to Earn game under development: Valhalla.
2022-4-5 04:51 | |
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Oklahoma lawmakers are in the final stages of introducing legislation that would make the state the new cryptocurrency mining hub in the United States Called the “Commercial Digital Asset Mining Act of 2022,” the proposed bill would see the state provide various incentives to businesses in “innovative technological industries” that set up shop in Oklahoma.
2022-4-5 22:00 | |
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Crypto tax calculator was not even a term back in the crazy days of crypto in 2017. 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.
2022-4-5 19:18 | |
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In April 2022, India’s proposed cryptocurrency and NFT tax will kick in, and as the world prepares for this development, what do investors and holders need to know? Crypto Regulations: The way forward The majority of governments worldwide are yet, to fully legalize or accept crypto and related technologies.
2022-3-22 04:53 | |
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India has included a crypto tax in its Union Budget 2022. The cryptocurrency market in India remains highly unregulated. However, this tax will now introduce some form of clarity in the Indian cryptocurrency market.
2022-2-3 10:34 | |
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Finance minister Nirmala Sitharaman believes the introduction of a CBDC will provide a “big boost” to India's digital economy.
2022-2-2 11:00 | |
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After 2022 started with tax raids on crypto businesses in India, industry players are pushing for a bill in the upcoming Budget session. The session is scheduled for 1 February for the financial year The post India: Crypto industry players hope for regulatory clarity in Budget 2022 appeared first on AMBCrypto.
2022-1-20 14:00 | |
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While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty.
2022-1-6 13:15 | |
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U.Today helps you keep an eye on the first crypto events of this year!
2022-1-5 19:45 | |
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2021 was a year of political turmoil for crypto businesses in South Korea. After several regulatory shakeups, the country is finally ready to tax digital assets from 2023. With that, South Korea isThe post Crypto politics heats up with upcoming presidential elections 2022 in South Korea appeared first on AMBCrypto.
2022-1-3 13:30 | |
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Tax: BTC price slump is the last opportunity to exploit the longstanding ‘wash sale’ tax loophole that will finally close in early 2022. The post Tax: BTC Price Slump is Last Opportunity to Exploit Loophole appeared first on BeInCrypto.
2021-12-21 06:30 | |
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What is Crypto Tax Calculator? What a rapid growth of the crypto market in 2021! More and more people are entering the market every day. In the US alone, more than 60 million people own some kind of cryptocurrency.
2021-12-9 18:00 | |
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South Korean National Assembly Strategy and Finance Committee approved an amendment to delay to 2023 the taxation that imposes an annual 20% capital gains tax for crypto trading with over 2.5 million Won (US$2,125) in earnings, just after the same taxation had been rushed to happen in 2022 as the lawmakers said postponing it would […]
2021-12-4 02:58 | |
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According to the FSC’s vice chairman’s speech in the National Assembly on Nov. 22, 2021, South Korea will tax select NFTs. The FSC’s VC said that the tax plan would begin on Jan. 1, 2022. The move is somewhat controversial, as it seems to be a turnaround from the Financial Minister’s stance on the ‘safety’Read More
2021-11-24 00:00 | |
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Cryptocurrencies were this year a major method of avoiding taxation in the United States according to an annual report published by the Internal Revenue Service. The IRS said it has confiscated $3.5 billion worth of cryptocurrencies linked to tax fraud, and the amount makes up 93% of all assets confiscated this year so far. “I […]
2021-11-21 19:43 | |
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US tax authorities confiscated $3.5 billion in cryptocurrencies in 2021 and expect more confiscations in 2022.
2021-11-22 14:40 | |
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As with every income in life, cryptocurrency income is also taxed in many nations. This is especially true when it comes to the USA. The IRS is notified with every action within US jurisdiction and that means every American is liable for their crypto income and taxing it.
2021-11-1 13:34 | |
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South Korea has been amidst a regulatory shake-up in the crypto sector. Meanwhile, the 1 January 2022 deadline for tax filings to include crypto earnings is soon approaching. It is a heated topic of dThe post How pop icons BTS made their way into the crypto tax debate in South Korea appeared first on AMBCrypto.
2021-10-31 23:30 | |
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What is Crypto. com tax tool? Crypto. com is a payment and cryptocurrency platform with a whole ecosystem of different products and services. It is constantly expanding its variety of services and of the most recent ones, established back in the spring of 2021, is their tax tool.
2021-10-20 11:30 | |
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South Korean lawmakers from the opposition People Power Party (PPP) are formulating a bill aimed at postponing the January 1, 2022 implementation of the 20-25 percent crypto tax law in the nation to 2023.
2021-10-12 23:00 | |
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It is no longer news that South Korea is looking to start taxing crypto gains from 2022, however, the Asian country’s minister of Economy and Finance Hong Nam-ki has revealed that the proposed crypto tax law will not be applicable to non-fungible tokens (NFTs).
2021-10-8 19:00 | |
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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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Bitcoin holders have until the end of 2021 to reduce their tax obligations by selling assets at a loss and buying them back. The Ways and Means Committee is deliberating on closing this loophole and it could have grave financial repercussions for cryptocurrency traders.
2021-10-3 19:28 | |
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As the laws are getting stricter in South Korea, tax filings in the country will also include crypto earnings from 1 January 2022, as per local reports. Earlier, South Korean authorities were mulling The post No deferral on taxation law, South Korea to tax crypto gains 2022 onwards appeared first on AMBCrypto.
2021-10-2 19:00 | |
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The agreement reached last week means that the effective date for taxing cryptocurrencies remains… The post South Korean crypto tax to come into effect in 2022, as planned appeared first on Coin Journal.
2021-10-2 15:04 | |
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The crypto tax will begin for South Koreans in 2022 but some industry observers say there is no cause for concern.
2021-10-2 06:53 | |
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Miners are speaking out against the new law on crypto mining in Kazakhstan, which accounts for 6. 17% of Bitcoin’s global hash rate, and are seeing interest following the regulatory crackdown in the neighboring country.
2021-7-8 19:08 | |
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The new law introduces an additional tax levy for energy used by crypto miners starting from January 2022.
2021-7-2 13:57 | |
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The U.S. Internal Revenue Service has requested a sizeable budget to investigate crypto crime and chase cryptocurrency-related taxes for 2022. The post IRS Seeks $32M Budget for Crypto Tax Enforcement appeared first on BeInCrypto.
2021-6-10 16:30 | |
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The United States Department of Treasury has published the “General Explanations of the Administration’s Fiscal Year” as President Joe Biden released his Budget for 2022. In its document, the Treasury claims that tax evasion using crypto assets is a “rapidly growing problem”.
2021-5-30 21:03 | |
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Beginning in the 2022 tax year, stock and bond investors will be taxed on capital gains that are over 50 million won, or $45,000. The post South Korea to Impose 20% Income Tax on Crypto Transactions appeared first on BeInCrypto.
2021-5-29 22:15 | |
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Lawmakers are reportedly planning to cut taxes on Bitcoin gains in half, possibly as early as 2022.
2021-5-11 19:16 | |
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Despite growing dissent with the planned crypto tax law in South Korea, a recent survey has surprisingly shown a significant level of support for the tax plan. Meanwhile, the country’s government appears set to move forward with the application on the new tax regime come January 2022.
2021-5-4 15:00 | |
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On Tuesday, Hong Nam-Ki, South Korea’s finance minister, stated that the government is on course with the proposal to introduce capital gains tax on crypto trading starting next year. “It’s inevitable, we will need to impose taxes on gains from trading of virtual assets,” Hong stated during a news conference on Tuesday.
2021-4-28 21:38 | |
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South Korea’s finance minister said that cryptocurrencies like Bitcoin will be taxed as “intangible assets.”
2021-4-27 11:19 | |
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The South Korean government has decided on a date for its 20 percent cryptocurrency taxation policy. However, the impending crypto tax regulation is being met with some resistance. Kimchi Crypto Tax Law Gets Finalized Start Date South Korea has once again altered the date for the implementation of its controversial crypto tax plan. According toRead More
2021-2-23 02:00 | |
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After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation.
2021-2-23 12:43 | |
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