2019-4-30 14:54 |
Australia’s tax agency will seek to contact cryptocurrency traders personally about tax issues as part of a new data collection scheme
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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.
2023-9-19 09:45 | |
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Crypto traders will be exempt from a 7% VAT tax.
2022-3-8 17:41 | |
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Spain nears the final day for its citizens to file their tax statements, and this year cryptocurrency traders are in the sights of tax authorities. Any trader that has obtained revenue after selling cryptocurrencies must file taxes and pay a percentage of the operation.
2021-6-11 06:30 | |
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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 National Revenue Agency of Bulgaria is preparing to conduct inspections on cryptocurrency trading platforms and their customers. The authority wants to make sure that both are fulfilling their obligations under the country’s tax and social security laws.
2019-1-15 11:00 | |
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Danish tax authorities will soon be going after cryptocurrency traders in the country and beyond. The plan is to collect data from local bitcoin exchanges in order to verify if citizens who have traded digital assets have paid the right taxes.
2019-1-15 03:50 | |
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Cryptocurrency traders in Denmark will be facing increased scrutiny. It comes after the country’s tax agency was granted permission to begin collecting data relating to cryptocurrency trades made through three exchanges between 2016 and 2018.
2019-1-14 15:57 | |
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Her Majesty’s Revenue and Customs (HMRC), a non-ministerial department of the British government in charge of the collection of taxes, has published a paper highlighting the various types of fees applicable to blockchain-based virtual currencies and how cryptocurrency traders should handle their cryptos, according to a report released December 20, 2018, by the agency.
2018-12-23 03:00 | |
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Taxes have been a hot topic in the cryptocurrency world this year. Many countries have been trying to figure out how to tax crypto assets, while traders have been figuring out how to lever them to write off losses.
2018-12-23 03:00 | |
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Local laws define virtual coins as properties, not currencies, and therefore investors must declare their profits, ATO has explained.
2018-12-19 20:55 | |
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The cryptocurrency market saw a dramatic fallout throughout 2018. With Bitcoin falling from a value of $17,000 per coin in January of 2018 to around $3,500, many traders incurred losses since the start of the year.
2018-12-19 16:30 | |
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France’s National Assembly has rejected a number of tax amendments aimed at lowering taxes for cryptocurrency traders and users. Among rejected amendments are those concerning capital gains and losses and crypto tax exemptions.
2018-12-19 07:15 | |
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France’s National Assembly has rejected a number of tax amendments aimed at lowering taxes for cryptocurrency traders and users. Among rejected amendments are those concerning capital gains and losses and crypto tax exemptions.
2018-12-19 07:15 | |
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Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT). According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.
2018-12-14 03:12 | |
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Danish authorities are looking into the trading activity of 2,700 Danes on a Finnish exchange.
2018-12-13 21:12 | |
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A Japanese lawmaker has proposed four changes to Japan’s tax law to benefit crypto users and traders as well as widen the adoption of cryptocurrency in the country. The current tax rate of 55 percent could be lowered to 20 percent while crypto-to-crypto trading and small payments could be exempt from taxation.
2018-12-11 13:50 | |
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A Japanese lawmaker has proposed four steps to support crypto traders and reduce their tax burden.
2018-12-11 11:28 | |
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The tax-collection organisation that operates within Israel has announced that it will be taking on a newly firm stance against cryptocurrency-based traders and Investors operating within the country.
2018-12-9 22:19 | |
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Node40, a developer of bitcoin tax-reporting software, expects the U. S. Internal Revenue Service (IRS) to receive a record number of cryptocurrency-related tax return claims this year, as it predicts that many investors will decide to declare their losses.
2018-12-6 16:55 | |
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Big time cryptocurrency traders in Japan could be getting a letter from the tax man next year. The Japanese government is developing a system to catch those who are not paying the appropriate taxes on the profits made from cryptocurrency trading, according to local news.
2018-12-4 12:43 | |
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The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.
2018-11-15 16:58 | |
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CryptoNinjas KPMG Australia and Independent Reserve, the largest Australian cryptocurrency exchange, today announced the launch of a new tool to help the traders of cryptocurrencies better understand their tax liabilities.
2018-11-15 02:32 | |
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In a recent article published by Venture Beat a few days ago, there are some cryptocurrency traders that are avoiding taxes in their country. At the moment, every single crypto-to-crypto trade is considered a taxable event.
2018-11-14 18:27 | |
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US, UK And Japan To Update Tax Guidelines For Cryptocurrencies The wave of interest in the blockchain ecosystem across the globe is revealing possible flaws that were hitherto ignored. In fact, it is becoming increasingly clear that crypto traders and investors may soon start enjoying the perks of these tokens when it attains full immersion […]
2018-11-11 00:02 | |
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In France, taxes on capital gains from Bitcoin trading might be cut to 30% from the current rate at 36.2%, as per a new budget bill amendment.
2018-11-9 13:48 | |
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Brazil’s tax authority has published proposals to regulate the cryptocurrency landscape over concerns digital assets are being used to launder money and evade tax. A document released by the Department of Federal Revenue of Brasil (RFB) disclosed plans that will force cryptocurrency traders to reveal their identities and for exchanges to submit financial reports to […] The post Brazil’s Tax Authority Goes After Cryptocurrency Profits appeared first on Bitcoin News.
2018-11-3 13:00 | |
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Japan's Tax Commission is planning to introduce a new system to make it easier for crypto traders and investors to calculate their profits.
2018-10-18 11:15 | |
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What Is CryptoTrader. Tax? CryptoTrader. Tax is a cryptocurrency tool that helps in calculating gains, importing trade, simplifying preparation, and reporting of taxes. Initially, it was nearly impossible for high-level crypto traders to calculate their taxable trade incomes since it would take a lot of time especially if done manually.
2018-10-9 10:21 | |
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Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.
2018-10-8 21:30 | |
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Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.
2018-10-10 21:30 | |
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Bitcoin and other cryptos have seen a dramatic fallout in value throughout 2018. While this is bad news for a lot of traders, it pays to understand that these losses offset other types of capital gains.
2018-10-5 01:19 | |
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Bitcoin prices are sensitive to regulatory news and this week’s judgment that Bitcoin is a commodity did spur more confusion. Needless, prices are largely unaffected and are in fact stable adding two percent in the last week.
2018-9-29 05:00 | |
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Canada is one step ahead of the SEC as they approved the very first regulated Bitcoin trust fund the status of a Mutual fund that enables accredited traders to invest in Bitcoin through their retirement savings plan and free of tax saving accounts.
2018-9-11 18:00 | |
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The Canadian government has postponed the release of its final regulations for cryptocurrency and blockchain companies. The final published regulations were due this fall, but the government now says they won’t be published in the Canada Gazette until late 2019.
2018-8-28 20:18 | |
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Interactive map for cryptocurrency taxation launched Blockpit develops an interactive map for cryptocurrency taxation and thereby provides a worldwide overview over tax regulations for crypto traders.
2018-8-25 05:14 | |
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Since implementing the cryptocurrency tax regulation back in April 2018, the South African Revenue Service (SARS) appears not to be satisfied with the level of tax remittances by cryptocurrency investors in the region.
2018-8-21 12:00 | |
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The South African Revenue Service is working to improve the tracking of cryptocurrency traders and their transactions in order to verify if they are paying taxes. According to its Commissioner, the agency is exploring ways to better identify those that are profiting from trading digital assets and check if they are evading taxation.
2018-8-19 17:40 | |
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Blockpit Falls In 500 Startups Race’ First Blockchain Accelerator Blockpit has made it in 500 start-ups into the first blockchain program of US accelerator. Only six companies made it into the first blockchain program of US accelerator 500 start-ups, including the Linzer Startup Blockpit.
2018-8-13 20:07 | |
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Capital gains on crypto transactions are easy to track, one at a time. What about when there are thousands?Cryptocurrency capital gains taxes are becoming a point of interest for governments.
2018-7-31 20:04 | |
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The Japanese National Task Agency (NTA) has made clear that there is a great deal of paperwork following the organization of tax returns for itself as well as cryptocurrency traders in the country.
2018-7-17 20:24 | |
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Regulation Australia’s financial press is expecting that the Australian Taxation Office (ATO) will take a hard stance on cryptocurrency investors this tax season, with the ATO recently vowing to leverage international data-matching agreements in order to track the taxation obligations of Australian cryptocurrency traders.
2018-7-9 05:11 | |
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Australia’s financial press is expecting that the Australian Taxation Office (ATO) will take a hard stance on cryptocurrency investors this tax season, with the ATO recently vowing to leverage international data-matching agreements in order to track the taxation obligations of Australian cryptocurrency traders.
2018-7-9 04:15 | |
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Following the actions of competing communications apps like Telegram, Line and Kik, the latest hoping to enter the cryptosphere is Viber. The firm is considering support for a native token that will be launched by its parent company, Rakuten Coin.
2018-7-5 22:40 | |
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The latest example comes from Israel, where a local exchange with over 50,000 clients has been convinced to report its bigger traders to the national tax authority. Also Read: Decentral Launches Its New Crypto Wallet Jaxx Liberty in Beta Bits of Gold to Report to Tax Authority Tel Aviv based cryptocurrency exchange Bits of Gold has agreed
2018-7-5 21:22 | |
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Tax agencies around the world keep applying pressure on bitcoin and crypto companies to make their operations transparent to them. The latest example comes from Israel, where a local exchange with over 50,000 clients has been convinced to report its bigger traders to the national tax authority.
2018-7-4 18:48 | |
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In line with the new Japanese crypto-philosophy, which is sure to allow the blockchain revolution to flourish in Japan, authorities are now looking towards reducing current cryptocurrency tax rates, in order to introduce a new tax standard, which will see investors and traders pay tax at a fairer and less aggressive rate.
2018-6-26 14:00 | |
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Cryptocurrency traders in Japan currently can be taxed as high as 55% on their profits. However, the country’s Deputy Prime Minister, Taro Aso, wants to change how crypto transactions are taxed, from a progressive rate to a uniform rate.
2018-6-26 10:27 | |
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South Korea’s Ministry of Finance has denied reports of 10% income tax on cryptocurrency investments. 10% Tax on Crypto Grains is Fake News Taxation has been a hot topic in the cryptocurrency world this year.
2018-6-24 06:27 | |
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South Korea’s Ministry of Finance has denied reports of 10% income tax on cryptocurrency investments. 10% Tax on Crypto Grains is Fake News Taxation has been a hot topic in the cryptocurrency world this year.
2018-6-24 02:00 | |
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The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate.
IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax crimes” that fall under Title 26 of the US Code, which includes federal income tax violations.
Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes.
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025.
Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin's value.
In a strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation, local media reported Feb.
The Brazilian Senate has approved a new taxation policy, effective Jan. 1, imposing up to a 15% tax on earnings from crypto held in foreign exchanges.