2021-10-11 12:31 |
Opposition lawmakers are seeking a one-year delay in the enactment of the law as well as a lowering of the tax burden on crypto traders.
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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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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 trillion-dollar infrastructure bill passed by the Senate and now pending in the House that has an overreaching definition of ‘broker’ also contains an overlooked “digital assets” provision. If this bill becomes law, that would be a disaster, said Abraham Sutherland, an adjunct professor at the University of Virginia School of Law and an adviser […] The post Infrastructure Bill’s Overlooked “Digital Assets” Tax Provision is a Disaster and an Attack on Privacy first appeared on BitcoinExchangeGuide.
2021-9-19 16:33 | |
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Recognition for crypto mining will also allow the government to formally tax miners, a… The post Russian lawmakers want crypto mining recognised under entrepreneurship law appeared first on Coin Journal.
2021-9-9 15:12 | |
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People are reacting differently to the US cryptocurrency tax bill that is shaking the community in recent times. There is a high apprehension that the bill might win the debate and becomes a law in the United States.
2021-8-12 19:18 | |
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Traders and investors in favor of using blockchain technology for online transactions are advocating against a tax law in advance of the Senate’s vote on the last passage of the planned package of $1.
2021-8-9 16:46 | |
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As the U. S. Senate plans to hold a popular vote on the proposed infrastructure bill under which a last-minute cryptocurrency tax law was introduced, some believe that the whole bill is ill-fitted due to its vagueness and could prove colossal to the industry and by large, the U.
2021-8-1 16:55 | |
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On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service (IRS).
2021-7-11 20:30 | |
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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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Bitcoin miners have recently flocked into Kazakhstan after China began a major crackdown on… The post Kazakhstan to Tax Bitcoin Miners as New Law Comes into Effect appeared first on Coin Journal.
2021-7-6 14:57 | |
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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 Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk of fraud and widespread filing errors involving cryptocurrencies.
2021-6-10 05:00 | |
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The government of South Korea is planning to impose a 20% tax on gains from cryptocurrency transactions. The plan is to impose this law starting next year, with the same reiterated by the government oThe post South Korea: FSC tasked with crypto-compliance as 20% crypto-tax plans move ahead appeared first on AMBCrypto.
2021-5-29 13:30 | |
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A new survey has revealed that a majority of South Korean investors support the proposed crypto tax law set to be unveiled next year. 53. 7% Support Crypto Gains Tax According to a recent survey sponsored by local television station YTN, many South Korean crypto investors support the government’s move to tax crypto gains.
2021-5-4 19:43 | |
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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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More than half of the survey respondents favored the controversial crypto tax law in South Korea.
2021-5-3 12:02 | |
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South Korea’s Minister of Economy and Finance has stated that the upcoming tax on cryptocurrency trading gains proposed by the government is inevitable. South Korea Not Going Back on Crypto Tax Policy According to Reuters on Tuesday, (April 27, 2021), Hong Nam-ki made the statement at a news conference when asked if the crypto taxRead More
2021-4-28 23:00 | |
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Last week saw global markets react to news of potential tax law amendments in the United States. The post Data shows old Bitcoin holders aren’t selling even as newcomers get hit by volatility appeared first on CryptoSlate.
2021-4-28 22:00 | |
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South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county.
2021-4-27 12:38 | |
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Joe Biden, the United States president, is reportedly in the process of proposing a tax law targeted at the wealthiest Americans. The news surfaced at a bad time for cryptocurrency investors who are not exactly in their happiest of moods, and rightfully so.
2021-4-25 23:24 | |
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Two bills relating to the taxation of the commercial mining of cryptocurrency have been signed into law this week by the Kentucky governor. As per the bill, a new section of KRS 139 has been created, which defines various terms relating to commercial mining of cryptocurrency using blockchain technology and provide sales and use tax […] The post Kentucky Governor Signs Two Bills to Provide Tax Breaks to Crypto Mining into Law first appeared on BitcoinExchangeGuide.
2021-3-27 17:17 | |
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A new law in Kentucky will provide tax exemptions to cryptocurrency mining operations and attract them to the state.
2021-3-27 20:06 | |
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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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Russia’s State Duma Committee has begun preparing new legislation for cryptocurrencies. According to an official announcement made earlier today, the country’s lawmakers noted the introduction of The post Russia introduces draft law to tax cryptocurrency as property appeared first on AMBCrypto.
2021-2-16 18:30 | |
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In Mendoza, Argentina, law enforcement launched an investigation against a sports-related investment site for presumably being a bitcoin scam. Among the inquiries, authorities are investigating if they’re involved in money laundering and tax evasion.
2021-2-16 09:30 | |
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Crypto transactions in Kenya now attract a 1.5% tax.
2021-1-9 12:33 | |
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Despite little progress on crypto regulations, India’s government might impose a Bitcoin tax law as part of efforts to boost national income. Crypto taxation is becoming more frequent among several countries around the world as virtual currencies continue to gain broad-based popularity.
2020-12-30 22:00 | |
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Argentina has approved the wealth tax that will impose a tariff on people with large fortunes in an attempt to boost its revenue. The third-largest economy in Latin America struggling with high inflation and an increase in poverty is heading into its third year of recession.
2020-12-9 23:05 | |
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South Korea is set to enforce its upcoming crypto tax law in January 2022 instead of the earlier proposition of October 2021. This will give crypto stakeholders operating within its jurisdiction one more year to sort out in-house tax reporting infrastructure.
2020-12-3 22:19 | |
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South Korea has delayed the enforcement of its crypto tax law until the start of 2022 providing ample time for exchanges to create the necessary machinery for accurate cryptocurrency financial reporting.
2020-12-2 00:00 | |
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The South Korean lawmakers are reportedly making plans to push a three-month delay on the imposition of a tax law amendment bill that the government had proposed on virtual currencies. The bill aims to impose income tax on investments in cryptocurrencies like Bitcoin, ETH, and the likes and have been enforced to commence from October […]
2020-11-26 00:23 | |
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South Korean lawmakers have allegedly proposed to delay the upcoming income tax rule on crypto-assets by three months from its scheduled commencement date in October 2021. According to the Dong-a Ilbo, a South Korean media which first reported this news, the law might come into effect later in January 2022.
2020-11-26 20:59 | |
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South Korea’s National Assembly may grant a three-month extension for the enactment of its planned crypto tax policy following consultations with industry stakeholders. Several commentators within the country’s cryptocurrency space still argue that levying taxes on virtual currency trading gains will likely stifle the growth of crypto commerce in the country.
2020-11-25 16:30 | |
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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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David W. Klasing, a boutique Californian tax firm, had its Tax Law Office issue out a public release. This release warned investors that the US Internal Revenue Service, or IRS, is going to start a severe bout with users of Coinbase.
2020-11-13 18:53 | |
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Once an IRS investigation or audit is opened, it’s too late to make amends, warn tax lawyers.
2020-11-12 15:19 | |
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The Spanish government has approved this Tuesday the new draft Law on Prevention and Fight Against Tax Fraud. Although the bill focuses on overall tax fraud, it also includes cryptocurrencies. One of the first measures of the bill will be the limitation of cash payments to only 1,000 euros instead of the usual 2,500. This […]
2020-10-13 17:27 | |
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The law has finally caught up with outlaw John McAfee. The crypto bull and antivirus pioneer has been hit with a one-two punch from the U. S. Department of Justice and Securities and Exchange Commission all at once.
2020-10-6 02:03 | |
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A new proposal by the Israeli lawmakers might have a massive impact on Bitcoin, as the recent draft proposed to start treating the coin as a currency. If the proposal ends up becoming law, Bitcoin will officially be exempt from tax purposes.
2020-9-26 11:55 | |
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Israeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale of Digital Currencies) bill in the Israeli […] The post Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law appeared first on Bitcoin News.
2020-9-26 02:00 | |
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Cryptocurrency investors convicted in Russia for failing to declare their wallet details could face up to three years in jail, we can reveal today. They will also be liable to pay hefty fines as part of the punishment for breaching the new law proposed by the country’s finance ministry.
2020-9-26 17:53 | |
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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 will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.
2020-7-23 07:15 | |
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A loophole in the U. S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.
2020-6-10 14:15 | |
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The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law.
2020-5-28 23:30 | |
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New crypto laws are coming from the members of the Joint Chiefs of Global Tax Enforcement to prevent money laundering
2020-4-19 19:42 | |
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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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Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News. Bitcoin. com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns.
2020-2-23 09:15 | |
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The US Internal Revenue Service (IRS) is expected to ramp up its cryptocurrency-related enforcement actions, a tax law office warns. US Revenue Agency Looking to Crack Down on Crypto Tax Evasion The IRS has not been explicit on how would it treat taxes related to cryptocurrency transactions.
2020-2-22 20:00 | |
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The "multi-million dollar" acquisition gives Austria-based Blockpit a footprint in the U.K.
Portuguese Tax Lawyer delves into Portugal’s updated Crypto Tax Law for 2023, shedding light on new tax exemptions, the treatment of crypto transactions and NFTs, and strategies like tax-loss harvesting that benefit crypto investors in Portugal.
Thailand plans to tax overseas income from crypto traders to fund its economic stimulus measures. The tax targets residents trading in foreign stock markets and cryptocurrency traders. The post Thailand Plans to Tax Overseas Income From Crypto Traders appeared first on BeInCrypto.
The US Internal Revenue Service (IRS) has declared earnings from cryptocurrency staking as taxable income, increasing scrutiny on the crypto market. The post Crypto Staking Rewards Classified as Taxable Income by IRS: What You Need to Know appeared first on BeInCrypto.
Slovakia relaxes tax rules for cryptocurrency profits and payments below 2,400 euros.
The post Slovakia Stands to Lose €30M Through Crypto Tax Cuts appeared first on BeInCrypto.
The parent company behind the crypto wallet MetaMask has debunked "inaccurate" rumors that it is collecting tax on crypto transactions.
Cryptocurrency traders and investors are highly unlikely to report their crypto holdings to the tax authorities, a recent research report from Divly has shown. The crypto tax automation platform found that the global crypto tax payment rate ranged from 0.