2022-2-3 15:29 |
The Indian tax department head said crypto taxation will help the department evaluate the exact depth of the digital asset market.
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A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine cryptocurrencies.
2023-3-10 02:02 | |
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The Thai Revenue Department had initially intended to tighten oversight of cryptocurrency trading after seeing substantial market growth.
2022-2-2 12:55 | |
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Thai ruling party MP calls for due diligence from Excise Department to study the crypto market carefully before imposing any tax.
2022-1-21 13:32 | |
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Before now, some countries have mapped out some crypto taxes for transactions on cryptocurrency assets within their jurisdiction. Thailand is one of the countries that proposes some taxation plans.
2022-1-18 09:55 | |
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The Thai Revenue Department is looking to impose a 15% capital gains tax on crypto trading.
2022-1-18 12:23 | |
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The Thai revenue department will expedite tax criteria as traders and businesses seek further clarity.
2022-1-12 06:29 | |
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Indian entrepreneurs believe crypto tax laws are foundational to mainstream crypto acceptance by governments.
2021-9-14 15:18 | |
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The Treasury Department is looking to add more crypto reporting requirements in the reconciliation bill. On the one hand, the Treasury wants to introduce more rules for cryptocurrency transaction reporting; on the other hand, the officials of the department have been telling media that the crypto community’s fear about tax provision in the $1 trillion […] The post Treasury Seeking More Crypto Reporting Requirements, Global Data-Sharing, in Reconciliation Package first appeared on BitcoinExchangeGuide.
2021-8-31 17:05 | |
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While the Treasury Department yet again tries to assuage the crypto community’s concerns, Jerry Brito of CoinCenter says there’s “little comfort” in it. The post US Treasury says Crypto Community’s Fear About Tax Provision in the Infrastructure Bill is Unwarranted first appeared on BitcoinExchangeGuide.
2021-8-25 16:37 | |
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Speaking on condition of anonymity, an official has reportedly told Bloomberg that the Treasury Department is planning to clarify the definition of “broker” in the recently passed infrastructure bill.
2021-8-16 01:37 | |
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The US Treasury Department is set to clarify what exactly entails “broker” for the purpose of reporting to the Internal Revenue Service after the crypto tax provision of the controversial $1 trillion bipartisan infrastructure bill was passed in its original form that overreaches to cover miners, developers, stakers, and validators to report information on clients […] The post US Treasury to Ease Crypto Concerns by Clarifying A ‘Broker’ Doesn’t Include Those Without Transaction Data: Report first appeared on BitcoinExchangeGuide.
2021-8-14 16:44 | |
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Bitcoin (BTC) and other cryptocurrencies bought from exchanges outside the country could cost Indian investors additional tax, while the tax department is looking into whether crypto falls subject to the 2% equalization levy, reported the Economic Times.
2021-6-23 07:00 | |
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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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The U.S. Treasury Department plans to raise an additional $700 billion through the new tax compliance measures. The post US Treasury Plans to Raise Additional $700B Through New Tax Compliance Measures appeared first on BeInCrypto.
2021-5-21 23:00 | |
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As part of President Joe Biden’s new tax enforcement measure, the US Department of Treasury has introduced legislation to combat tax evasion involving cryptocurrencies. Treasury Proposes Measures To Prevent Crypto-Tax Evasion The U.
2021-5-21 22:19 | |
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The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more than $10,000 to report transactions to the IRS. Treasury […]
2021-5-20 20:32 | |
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Crypto exchange giant Binance is allegedly under investigation by the U. S. Internal Revenue Service (IRS), as well as the Department of Justice (DOJ) for money laundering and tax evasion. BREAKING: Binance, the world's biggest crypto exchange, is under investigation by the Justice Department and IRS https://t.
2021-5-15 07:35 | |
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Leading crypto exchange Binance is under investigation by the US Department of Justice (DOJ) and the Internal Revenue Service (IRS). A report unveiled this news on May 13, citing people acquainted with the matter.
2021-5-14 17:22 | |
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Binance, one of the largest cryptocurrency exchanges in the world, is now being probed by the Department of Justice (DOJ) under the assumption that it could be immersed in money laundering transactions.
2021-5-14 22:40 | |
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The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges.
2021-4-24 14:30 | |
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Founder of the now-defunct cryptocurrency scheme Oyster Protocol, Amir Burno Elmaani, has been arrested and charged by the US Department of Justice (DoJ) for a “multimillion-dollar tax evasion schemThe post Oyster Protocol founder arrested; accused of operating multimillion-dollar tax evasion scheme appeared first on AMBCrypto.
2020-12-11 22:00 | |
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Rather than raise taxes, Thailand’s Excise Department is looking to adopt blockchain technology for improved tax collection. The move is part of plans to enhance Thailand’s internally generated revenue (IGR) metrics as the country moves towards more sustained economic recovery.
2020-12-8 00:00 | |
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Continue reading at Coinspeaker
2020-12-7 19:40 | |
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All three of Thailand's tax departments reportedly aim to improve tax revenue collection using blockchain technology.
2020-12-7 13:19 | |
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According to The Economic Times, India’s income tax authority is monitoring crypto investors and traders to demand income tax from them. This was reported by sources close to the government. The country’s tax department monitored cryptocurrency transactions that were conducted using bank accounts.
2020-12-6 20:11 | |
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The world’s largest economy is looking for ways to increase revenues, including taxation of digital assets and cryptocurrencies. During a virtual interview at the OECD’s 2020 Global Blockchain Policy Forum, senior counsel at the Treasury Department, Erika Nijenhuis, stated the U.
2020-11-21 23:38 | |
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John McAfee has been arrested and indicted for tax evasion, the U. S. Department of Justice announced. The cybersecurity entrepreneur has also been charged with fraudulently pumping cryptocurrencies by the U.
2020-10-6 10:30 | |
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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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The Inland Revenue Department (IRD) of New Zealand has requested that crypto companies in the country hand over their customers’ personal details, cryptocurrency asset values as well as the type of asset held.
2020-9-29 20:00 | |
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In a statement obtained by the local radio news station, Radio New Zealand (RNZ), New Zealand-based crypto firms must submit their customer’s crypto transaction information to the country’s top taxation authority, Inland Revenue Department (IRD).
2020-9-29 16:51 | |
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The U.S. tax department has provided guidance around crypto revenue earned from microtasks via crowdsourcing platforms and, yes, such income is taxable.
2020-8-31 10:31 | |
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The Internal Revenue Service and the Treasury Department launched a new web tool on Friday that will allow those Americans who don't file a tax return or had too little income to file to register for stimulus payments.
2020-4-13 16:18 | |
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New Zealand's Inland Revenue Department is considering how best to change its tax regimen so cryptocurrencies aren't at a disadvantage.
2020-2-26 15:41 | |
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The American pleaded guilty to deceiving 70,000 people who invested in his fraudulent cryptocurrency schemes. In total, he managed to get about $ 147 million from defrauded investors. According to the Department of Justice, US citizen Steve Chen pleaded guilty to conspiracy to fraud, as well as tax evasion. From July 2013 to September 2015, […]
2020-2-24 10:50 | |
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We got a copy of the Indian tax authority’s secret training manual for cryptocurrencies
2019-12-18 09:36 | |
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Back in August this year, the Department of Federal Revenue rolled out various provisions and stipulations that require all Brazilian citizens to report transactions that involve cryptocurrency. A recent report tabled on December 6th from one of Brazil’s most popular news outlets stated that the new codes for reporting cryptocurrency was introduced to back up […]
2019-12-8 20:30 | |
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The Thai Excise Department to introduce a blockchain-based tax payback system for oil exporters
2019-11-26 01:48 | |
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Blockchains are being used across the world for their ability to serve as a robust accounting ledger that can be shared and distributed in real-time across the world. According to the Bangkok Post, the Thai excise department is in talks with Krungthai Bank (KTB) to launch a blockchain-enabled system to make the tax payment andRead MoreRead More.
2019-11-26 00:00 | |
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The Excise Department is working with Krungthai Bank to develop a blockchain-based tax refund system. This department is also seeking ways to integrate blockchain technology in the tobacco, liquor, and other industries.
2019-11-26 22:24 | |
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The US Internal Revenue Service (IRS), a bureau of the Department of Treasury, recently added a question regarding cryptocurrency ownership to its standard 1040 income tax form for the upcoming tax filing season. A draft...
2019-10-13 12:37 | |
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Since September 1, wages in New Zealand will be available in cryptocurrency. The country’s tax department has decided that salaries and wages can be paid in cryptocurrency if it is pegged to at least one fiat currency (“Salaries and wages may be paid in cryptocurrencies so long as the preferred digital coin is pegged to […]
2019-8-17 11:23 | |
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New Zealand's Inland Revenue Department has deemed it legal for companies to pay employee salaries in crypto so long as the employee is under an official employment agreement and the chosen crypto can be easily converted to fiat via an exchange.
2019-8-12 19:35 | |
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New Zealand's Inland Revenue Department has made it legal to receive salaries in cryptocurrency, and be taxed accordingly.
2019-8-13 16:15 | |
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The New Zealand Tax Department has just issued guidance on salary payments made in Bitcoin and other cryptocurrency. This confirms that such payments are entirely within the law, and clarifies how to deal with them in accounting.
2019-8-12 16:00 | |
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New Zealand‘s tax authorities have deemed it legal for companies to pay its employees in Bitcoin and other cryptocurrencies. Companies will also be able to deduct income taxes using current PAYE (pay as you earn) frameworks under the Income Tax Act 2007.
2019-8-12 14:02 | |
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Coinspeaker U. S. Treasury Secretary: Bitcoin, Libra Pose National Security ThreatThe Treasury Department has concerns that Libra, as well as Bitcoin, could be misused by terrorist financiers and money launders, to carry out illicit activities ranging from cybercrime to tax evasion, extortion, and ransomware.
2019-7-16 11:36 | |
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By CCN Markets: The bitcoin price rocketed past $10,000 for the first time since 2018, and crypto fans are celebrating. But they’re not the only ones noticing the budding cryptocurrency bull market.
2019-6-24 18:45 | |
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By CCN Markets: Bitcoin millionaire John McAfee — who’s a fugitive from the law for tax evasion — derisively taunted the U. S. government on Twitter. McAfee warned them to leave him alone or he will “f***ing bury” them.
2019-6-10 05:30 | |
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Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U. S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official tax guidelines.
2019-5-21 18:20 | |
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Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian central bank, RBI.
The document, which could define a national framework for digital assets, is almost ready.
Halfway through 2022, at the proof of concept stage, RBI is in the process of verifying the feasibility and functionality of launching a CBDC.
Traditional insurance isn’t going to step up and protect our crypto assets, so we need to do it ourselves, in a decentralized manner.
In partnership with LegitDoc, the Maharashtra government is in the process of rolling out 65,000 caste certificates to aid the process of delivering governmental schemes and benefits.
Recently, cryptocurrency trading in India has spiked and grown at an unprecedented level. As the Bitcoin rallies and grows strength by strength, the Indian crypto community has multiplied and with this, a fair and regulated market has been on the top of their demands.