2020-2-10 19:00 |
Nobody likes taxes but for US based blockchain users things can be particularly awful. This week we discuss US tax treatment of "Virtual Currencies" and how scams find a home wherever opportunity exists, at least for a while.
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Indiana is the latest state to embrace virtual currencies as they make amendment in the bill to introduce cryptocurrencies as a means to pay taxes in. The synopsis of the bill reads, “Payment of taxes with virtual currencies.
2019-1-26 21:14 | |
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According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.
2019-1-24 20:28 | |
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Online retailer Overstock announced it would pay a part of its Ohio state business tax using bitcoin, making it the first company to use Ohio’s crypto tax portal, Fortune reported on January 3, 2019.
2019-1-5 21:30 | |
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Overstock is going to become the first company in the United States to pay its taxes using Bitcoin (BTC), the largest virtual currency in the matter. The information was released on January 3 by the company in a press release.
2019-1-3 20:57 | |
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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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The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.
2018-12-3 19:48 | |
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It may soon no longer be business as usual for bitcoin (BTC) and altcoins investors in Spain as the nation’s tax authority, the Agencia Estatal de Administracion Tributaria (AEAT), has reportedly identified at least 15,000 distributed ledger technology (DLT) based virtual currency holders and is now set to make them pay taxes, reported Finance Magnates on November 20, 2018.
2018-11-22 01:00 | |
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Could Cryptocurrencies Stop Paying Capital Gain Taxes? A New Bill Gives Hope To the Community A new bill introduced in the US Congress proposes to eliminate capital gain taxes on gold and silver bullion.
2018-11-13 16:59 | |
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On October 24, 2018, an advisory committee to the Internal Revenue Service (IRS) published a report calling for clarity on the IRS’s position toward cryptocurrency taxation.
2018-10-27 20:34 | |
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In an open letter to the Internal Revenue Service (IRS), the U. S. House’s Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes.
2018-9-21 23:35 | |
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Countries Which Do Not Tax Virtual Assets Which countries do not levy taxes on cryptos? In case you have made some returns on the crypto market, you may be wondering how much tax you have to pay as a result of your earnings.
2018-8-20 20:33 | |
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The IRS recently warned that virtual currency transactions are taxable by law and that people who fail to report their cryptocurrency income, file cryptocurrency late, or file crypto taxes improperly may incur penalties and interest.
2018-7-29 22:59 | |
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Japanese politicians are questioning their Minister of Finance, Taro Aso, on the type of taxes they are applying on cryptocurrency gains in the country. While the politicians are demanding to treat profits from these virtual currencies as a ‘separate declared taxation,’ financial officials in the island country prefer to continue with the current ‘miscellaneous income’ […] The post Japan Undecided On Crypto Gains Taxing appeared first on ZyCrypto.
2018-6-27 17:39 | |
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Serbia will now permit the issuance and trading of digital assets under a law that went into effect this week.