India Planning To Introduce Comprehensive Guidelines for Crypto Taxes

Following the tax proposals through the Union Budget 2022-23, the Indian government is now planning to issue comprehensive guidelines on various taxes for the crypto sector before July 1. Media reports suggest that the government has asked the Central Board of Direct Taxes (CBDT) to prepare the guidelines. As of now, only the taxation policy […] дальше »

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Australian mayor suggests crypto as tax payment option

Gold Coast Mayor Tom Tate has said residents could pay taxes and rates with cryptocurrency in the future, even as critics and experts point to volatility as a major concern, ABC News reported. The post Australian mayor suggests crypto as tax payment option appeared first on CryptoSlate. дальше »

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Australia's Gold Coast flirts with crypto-payments despite concerns

Mayor Tom Tate of Gold Coast, Australia, has suggested that people could use cryptocurrencies to pay local taxes in the future. However, detractors have raised concerns about volatility and the ongoinThe post Australia's Gold Coast flirts with crypto-payments despite concerns appeared first on AMBCrypto. дальше »

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Indian Terra investors facing 30% tax on LUNA 2.0 airdrop despite losses

After losing millions to Terra’s crash, Indian investors who have recovered part of their losses through the LUNA 2 airdrop may have to pay taxes equivalent to 30% of the value due to India’s tax policies on cryptocurrency, Bloomberg News reported. дальше »

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Gold Coast Mayor Proposes Allowing Bitcoin for Property Tax Payments

The mayor of Australia’s Gold Coast has suggested that citizens should be allowed to pay their property taxes in bitcoin.  The post Gold Coast Mayor Proposes Allowing Bitcoin for Property Tax Payments appeared first on BeInCrypto. дальше »

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Terra Investors Grappling with Taxes After Losing Everything

Indian Terra buyers could actually lose money with new LUNA airdrop дальше »

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Australian mayor downplays crypto volatility, recommends it for rates payments

"The volatility is not that bad” — the mayor of the Gold Coast, Australia, suggests crypto could be used to pay local taxes in the future. дальше »

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Coinledger.io (formerly Cryptotrader.Tax) Review – Is This Bitcoin Tax Calculator Legit and Safe?

While crypto enthusiasts wait for more favorable regulatory winds to blow, reporting your cryptocurrency taxes is a real hassle. Well, it is a hassle if you try doing it manually or with some outdated calculator. дальше »

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ZenLedger Review – Automatic Cryptocurrency Tax Calculator (+ Coupon Code)

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. дальше »

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ZenLedger Review 2022 – Automatic Cryptocurrency Tax Calculator (+ Coupon Code)

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. дальше »

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A16z Says DAOs May Be Better Off Filing Legal Papers, Paying Taxes

The venture capital firm released an analysis today further underlining the possible U.S. legal structures for DAOs, and suggesting it might be best not to run offshore to avoid taxes. дальше »

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Tips to claim tax losses with the US Internal Revenue Service

With the market falling off a cliff, there will be big losses to claim on your taxes, right? Well, let’s break it down in detail. дальше »

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Portugal Congress Party Disapproves The New Bill About Taxing Cryptocurrencies

The European country’s Parliament, the Assembleia da Republica, declined two bills levying cryptocurrencies. Portugal’s Finance Minister on Taxing Cryptocurrency Earlier this month, on May 13th, the country’s Minister of Finance, Fernando Medina, established that Portugal would soon commence cryptocurrency taxes. дальше »

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Portugal’s Assembleia da Republica says no to two crypto tax bills

The Portuguese Minister of Finance had recently declared that cryptocurrencies in the country will soon be subject to capital gains taxes. дальше »

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Portuguese Congress Rejects Two Bills Seeking to Tax Crypto

The proposals were submitted by two leftist parties. The government, which also seeks to apply taxes, hasn’t submitted a proposal so far. дальше »

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Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades

The Federal Revenue of Brazil wants investors to pay taxes on cryptocurrency trading profits, even if there is no exchange for Brazil's national currency. дальше »

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Brazil's Federal Revenue now requires citizens to pay taxes on like-kind crypto trades

The Federal Revenue of Brazil wants investors to pay taxes on cryptocurrency trading profits, even if there is no exchange for Brazil's national currency. дальше »

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Tax guidelines for crypto mining pass the first reading in Kazakhstan

The gradual scale would impose the highest taxes on the cheapest electricity sources.

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Report: Crypto traders potentially owe IRS around $50B in unpaid taxes

A Barclays report has revealed that crypto investors might not be paying their full taxes to the Internal Revenue Service (IRS), saying that the tax gap for crypto traders could be up to $50 billion, CNBC reported. дальше »

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Jeff Bezos Accuses Joe Biden of ‘Misdirection’ on Inflation

Billionaire businessman Jeff Bezos has accused Joe Biden of “misdirection” after the U.S. President argued that increasing corporation taxes could ease inflation. The post Jeff Bezos Accuses Joe Biden of ‘Misdirection’ on Inflation appeared first on BeInCrypto. дальше »

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Portugal Stance On Taxes – Crypto Haven No More?

Portugal is a crypto tax haven since 2018 but not for long. The country used to have a hands-off policy on crypto exchanges, sale, and trading but has now maneuvered in the opposite direction by deciding to impose taxes on crypto transactions. дальше »

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Germany Announces, No Tax On Crypto Sales For Investors Holding For 1 Year

According to Katja Hessel, German Parliamentary State Secretary, crypto traders can get tax exemption benefits on the sale of digital currencies. Furthermore, if they have held onto their assets for one year or more, they will not have to pay taxes on the money they make from the crypto sales. The Federal Finance Ministry of […] дальше »

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South Korean Government Holds Off On Capital Gains Tax On The Crypto Market

When it comes to cryptocurrencies, several governments have been keen to impose taxes without providing clear regulations for consumer protection. However, it appears South Korea, under Yoon Suk-Yeol’s leadership, is gearing up to take a different approach. дальше »

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South Korea’s new president delays crypto taxes in favor of consumer protections

The country’s president-elect is proving his crypto savvy by declaring there will be no tax on crypto investment gains until legislation can ensure consumer protections. дальше »

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30% On Crypto Gains Not Enough; India To Tax DeFi Now

The Indian Government now wants to levy additional taxes on crypto by extending it to gains made from Decentralised Finance (DeFi). After the introduction of the 30% tax and 1% tax deducted at source (TDS), the tax department of India shall scrutinise interests earned on cryptocurrencies from platforms outside of India. The government wishes to […] дальше »

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Residents of 3 Chinese cities paying taxes and charges with digital yuan

China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security. дальше »

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Bitrefill Now Lets You Pay Your Bills, Taxes With Bitcoin

U.S. users can now pay their bills with bitcoin through Bitrefill’s new Bill Payments service, including taxes. дальше »

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How the crypto wealthy are gentrifying Puerto Rico

Thanks to low taxes and island living, Puerto Rico is gaining favor as a relocation hotspot for the crypto wealthy. The post How the crypto wealthy are gentrifying Puerto Rico appeared first on CryptoSlate. дальше »

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ECB's Panetta Blasts Crypto as ‘Ponzi Scheme’ Fueled by Greed

The central banker compared crypto market dynamics to the 2008 financial crisis and called for extra regulation and taxes. дальше »

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Crypto Taxes Fall Under EU Lawmakers' Gaze

Some worry sharing information about foreign crypto holdings is unjustified snooping – but lawmakers also reckon blockchain technology could aid tax collection. дальше »

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Bahamian government hopes to allow residents to pay taxes with digital assets in 2022

“We have a vision to transform The Bahamas into the leading digital assets hub in the Caribbean,” said Philip Davis, prime minister of the Bahamas. дальше »

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Bahamas to Allow Citizens to Pay Taxes With Digital Assets

The government of Bahamas released a white paper detailing the future of its digital-asset sector and saying it will let citizens pay taxes with crypto. дальше »

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Free Crypto Tax Calculators – Calculate Your Bitcoin Taxes For FREE

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. дальше »

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Traders Perplexed As Top Indian Crypto Exchanges Disable Fiat Deposits

The development comes in the wake of the denial of instant payment service UPI by NPCI. Exchanges are also witnessing a sharp fall in transaction volume after crypto taxes became effective. Sources claim exchanges are in talks with the government, pushing for a clear regulatory environment. дальше »

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3 Crypto Tax Tips to Avoid IRS Trouble

Crypto investors filing their taxes must know how to track cost basis, maintain good records of all original purchases and transactions, and report everything in USD terms. дальше »

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Indian Lawmaker Calls For Higher Taxes On The Crypto Market

A member of India's upper parliamentary house and the country's ruling party has called for more harsh measures on the crypto industry following the new tax laws. The legislator believes the government must dissuade people from engaging the nascent market. дальше »

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Slovenia Unveils Plan for Flat Tax on Crypto Transactions

The European nation said the flat-rate proposal will make paying taxes easier and help it compete in the global crypto market. дальше »

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Best Coinbase Tax Calculator [2022] – How To Calculate Your Coinbase Taxes

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. дальше »

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Crypto Taxes Drive Indian Crypto Exchanges To Loss of Transaction Volume

In the first two days after the newly-introduced crypto taxes became effective on April 1, Indian cryptocurrency Exchanges have registered a drastic fall in transaction volume and domain traffic. дальше »

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CoinTracker Survey Shows Only 25% of Crypto Holders Are Prepared for Tax Season

Almost three-quarters of respondents said they were looking for more help on how to manage their crypto taxes. дальше »

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Crypto Taxes and Crypto Bonds as UK Bids to Become a “Global Cryptoasset Hub,” Chancellor to Mint an NFT

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UK to Review Crypto Taxes and Plans Crypto Bonds While Chancellor to Mint an NFT

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Best Cryptocurrency Tax Software 2022 – Complete Guide to Bitcoin Taxes

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. дальше »

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Indonesia Set To Tax Crypto Transactions And Investments From May

An Indonesian tax official reveals that the country will impose taxes on the crypto market. According to the report, crypto transactions will be subject to VAT below 11%, and income tax will be pegged at 0. дальше »

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Former Indian chief minister likens crypto to gambling, calls for higher taxation

A former Indian chief minister said “crypto is gambling” and urged the government to raise the taxes imposed on virtual assets. The post Former Indian chief minister likens crypto to gambling, calls for higher taxation appeared first on CryptoSlate. дальше »

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Indonesia to impose 0.1% crypto tax starting in May: Report

The government is still reportedly considering how to implement crypto taxes, but legislation passed in response to the pandemic laid the groundwork. дальше »

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Are Cryptocurrencies like Bitcoin Taxed? If so, How?

Crypto taxes are based on a 2014 IRS ruling that cryptocurrencies such as stocks and bonds can be treated as investments, regardless of whether the... дальше »

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First Mover Asia: India Continues Its Restrictive Approach to Crypto; Bitcoin, Ether Run in Place

The Indian tax authority's revision in the amounts that it seized in taxes and penalties from crypto exchanges and the number of platforms it targeted reflects the government's harsh stance toward digital assets; Solana has a banner day. дальше »

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Explained - Rio de Janeiro's 'plan' to accept taxes in crypto

Can you imagine paying your taxes in crypto? If you wonder what that might entail, the crypto-traders of Rio de Janeiro might be able to give you some answers in 2023. The former Brazilian capital The post Explained - Rio de Janeiro's 'plan' to accept taxes in crypto appeared first on AMBCrypto. дальше »

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Rio De Janeiro To Enable Crypto Tax Payments Starting Next Year

Rio de Janeiro, Brazil’s second-largest city, will begin accepting cryptocurrency payments for property taxes in 2023, reports said Saturday. According to a notice from the City Hall of Rio de Janeiro, the city will contract multiple companies to handle the conversion of cryptocurrencies to Brazilian reals. дальше »

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