Indian Crypto Traffic Took a Nosedive as Tax Regime Tightened

2022-12-14 17:20

Visits to Indian exchanges Wazir X, CoinDCX, CoinSwitch Kuber and ZebPay fell 80% between Feb. 1 – when Prime Minister Narendra Modi’s government said it will introduce a 30% tax on crypto profits and a 1% transaction tax – and Oct. 1.

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Источник: coindesk.com

tax indian → Результатов: 71

Indian Superstar Amitabh Bachchan Pays Up After Tax Authorities' Action On Platform Hosting His NFTs

The platform featuring Amitabh Bachchan's NFTs was sent a follow up notice by an Indian tax agency.

2022-3-23 09:34	Business
tax indian nfts platform amitabh bachchan follow

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Indian Crypto Industry Mulls Supreme Court Move as Tax Break Expectations Disappear

The fading hope is that the government may reduce the 1% tax deducted at source, but expectations of a tax break on crypto capital gains have all but disappeared.

2022-3-22 14:04	policy
tax crypto expectations break source all deducted

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India’s crypto tax provides little legal clarity for traders and exchanges

The Indian government’s recent announcement of a 30% tax on crypto returns has sparked an industrywide discussion on its feasibility.

2022-2-17 17:07
tax crypto returns sparked industrywide feasibility discussion

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Investment exec explains why Indian govt wants to 'tax the hell' out of crypto

India's Budget announcement was a mixed blessing, as some appreciated the clarity regarding taxes on crypto. However, others are strongly against the 30% tax on the transfer of digital assets. AmidstThe post Investment exec explains why Indian govt wants to 'tax the hell' out of crypto appeared first on AMBCrypto.

2022-2-4 16:30	News
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India: Despite tax 'legitimacy', here's why a 'crypto ban' is still not off the table

Soon after the Indian government’s announcement to bring the transfer of digital assets into the 30% tax bracket, Economic affairs secretary Ajay Seth has said that even a ban is still not off the tThe post India: Despite tax 'legitimacy', here's why a 'crypto ban' is still not off the table appeared first on AMBCrypto.

2022-2-4 13:30	India
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Taxes don’t mean crypto trading automatically becomes legal, Indian tax official says

India’s Finance Minister had announced a 30% tax on all crypto income, including NFTs… The post Taxes don’t mean crypto trading automatically becomes legal, Indian tax official says appeared first on Coin Journal.

2022-2-3 17:37	India
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Crypto tax doesn't legalize trading, says Indian tax department chief

The Indian tax department head said crypto taxation will help the department evaluate the exact depth of the digital asset market.

2022-2-3 15:29
tax department crypto indian market exact evaluate

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Why did WazirX token (WRX) jump 30% after India announced its big crypto tax?

The Indian government said that it does not treat cryptocurrencies as illegal, clarifying that its transactions remain in a grey area.

2022-2-3 15:13
treat cryptocurrencies does illegal grey area remain

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India’s Finance Minister unveils the Union Budget 2022 to tax crypto

India has included a crypto tax in its Union Budget 2022. The cryptocurrency market in India remains highly unregulated. However, this tax will now introduce some form of clarity in the Indian cryptocurrency market.

2022-2-3 10:34	Cryptocurrency
india tax market crypto cryptocurrency 2022 union

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India's 30% crypto-tax proposal - Can't tax something 'illegal'... or can it?

Hours after the Indian government's announcement to bring the transfer of digital assets into the 30% tax bracket, the industry seems to be divided on its implications. Investor Rakesh JhunjhunwalaThe post India's 30% crypto-tax proposal - Can't tax something 'illegal'... or can it? appeared first on AMBCrypto.

2022-2-1 18:00	India
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India to Launch CBDC by 2022-2023, Proposes 30% Tax on Crypto Income

Coinspeaker India to Launch CBDC by 2022-2023, Proposes 30% Tax on Crypto Income Having made this declaration on the digitized rendition of the Indian rupee, India's first Woman Finance Minister also offered the implementation of a thirty percent tax on crypto that focuses on the exchange and trade of virtual digital assets.

2022-2-2 16:33	CBDC
india tax crypto proposes launch cbdc income

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Indian government to enforce tough crypto tax rules, is this a sign of things to come worldwide?

During the budget session, India’s Finance Minister Nirmala Sitharman announced crypto income will be taxed at 30%, along with a string of strict conditions. The post Indian government to enforce tough crypto tax rules, is this a sign of things to come worldwide? appeared first on CryptoSlate.

2022-2-2 16:00	Regulation
crypto things sign come indian worldwide enforce

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Breaking | India: Transfer of digital assets to attract 30% tax

Finance Minister Nirmala Sitharaman has unveiled the Indian Budget today for 2022-23 with two major announcements around cryptocurrencies. The FM has proposed a taxation rate of 30% on any income aThe post Breaking | India: Transfer of digital assets to attract 30% tax appeared first on AMBCrypto.

2022-2-1 10:30	India
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Will Indian investors have to pay 42% income tax on their crypto assets

In India, 2021 came and went without the cryptocurrency regulation bill that many crypto investors were hoping to see. However, that doesn't mean the government has shelved its plans to regulate the iThe post Will Indian investors have to pay 42% income tax on their crypto assets appeared first on AMBCrypto.

2022-1-13 17:00	India
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Indian taxman recovers $6.62M from WazirX for evading tax on commission

Government officials from CGST Mumbai Zone recovered the funds from crypto exchange WazirX after detecting a GST evasion of $5.43 million on trade commissions.

2022-1-2 08:07	Binance
wazirx detecting gst crypto funds exchange trade

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India: both Income tax and GST may apply to crypto

The Indian government is likely to levy both direct and indirect taxes on crypto assets, as per a local report. A source to the media outlet noted, "One of the key issues is taxation. If there is gaiThe post India: both Income tax and GST may apply to crypto appeared first on AMBCrypto.

2021-11-9 16:30	India
crypto both india gst income tax may

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India’s Income Tax Department may soon target crypto trades and ecosystem

Indian entrepreneurs believe crypto tax laws are foundational to mainstream crypto acceptance by governments.

2021-9-14 15:18
crypto tax believe laws entrepreneurs indian foundational

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Indian crypto investors may not be charged this tax

India may not be charging a 2% equalization levy on crypto investors. Finance Minister of India, Nirmala Sitharaman was responding to a query by the deputy chief minister of the eastern state of BiharThe post Indian crypto investors may not be charged this tax appeared first on AMBCrypto.

2021-7-28 15:30	India
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India Looking to Implement Additional 18% Tax on Foreign Crypto Exchanges

The Indian government might require foreign crypto exchanges to shell out an additional 18% tax on transactions with Indian citizens. The post India Looking to Implement Additional 18% Tax on Foreign Crypto Exchanges appeared first on BeInCrypto.

2021-7-3 12:46
tax foreign crypto additional exchanges india indian

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Indian Authorities May Slap 18% Tax on Foreign Crypto Exchanges

Foreign cryptocurrency exchanges and bitcoin (BTC) trading venues in India may soon be required to start paying 18 percent goods and services tax (GST), according to an Economic Times report on July 2, 2021.

2021-7-3 22:00	tax
foreign exchanges tax may goods services start

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Foreign Crypto Exchanges May Have to Pay 18 Percent Tax in India

Exchanges with Indian customers may have to pay an 18 percent tax

2021-7-2 08:28
pay percent tax exchanges may indian customers

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Indians could be charged an extra 2% tax on Bitcoin and crypto ‘purchased abroad’

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	BTC
tax could bitcoin crypto looking department additional

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India considering new 2% tax on all cryptos bought outside of the country

Indian investors looking to buy Bitcoin (BTC/USD) and other cryptocurrencies might have to pay about 2% more if they bought them from exchanges outside India. This is due to an impending equalisation levy, an additional tax imposed on such investments and trades.

2021-6-23 22:20	World
outside india bought tax exchanges impending such

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Despite no laws, Indian minister says traders must pay taxes on Bitcoin

An official from India’s ministry of finance said Monday that all gains from trading cryptocurrencies like Bitcoin were liable to income tax, as per a report on markets outlet Financial Express. The post Despite no laws, Indian minister says traders must pay taxes on Bitcoin appeared first on CryptoSlate.

2021-3-31 22:00	btcusd
bitcoin pay despite must taxes traders laws

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Indian Government Considers 18% Tax on Bitcoin Transactions

This new tax would clock in at 18% per transaction. Indian tax authorities are estimating this new tax could be applied to almost 40,000 crores per year. This equates to almost $5. 5 billion in countrywide Bitcoin transactions.

2020-12-29 14:41
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India Mulls Imposing 18% Tax on Bitcoin Transactions

The move is viewed by some as a sign the Indian government is warming up to cryptocurrencies.

2020-12-29 13:41	Bitcoin
indian sign government warming cryptocurrencies viewed tax

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India considers proposal to tax Bitcoin transactions at 18%

The Indian Government has moved towards potentially implementing a tax of 18% on Bitcoin trading in the country. According to reports, the central government is currently weighing a proposal to impThe post India considers proposal to tax Bitcoin transactions at 18% appeared first on AMBCrypto.

2020-12-29 09:30	News
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India Proposes Amnesty for Citizens Holding Unreported Gold

The Indian Ministry of Finance has reportedly proposed an amnesty program for citizens holding unreported gold. The government plans to ask people to declare all their gold stashes to tax authorities and pay levies.

2020-8-2 19:30
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India’s Crypto Exchanges Seek Tax Clarification from RBI

India’s Supreme Court has reversed earlier RBI guidelines that barred financial institutions from trading, now Indian crypto exchanges are seeking clarity on their legal status India’s crypto exchanges have asked the Reserve Bank of India (RBI) to offer clarity on their legal status in the country.

2020-5-6 16:05	Uncategorized
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Indian Crypto Exchanges Seek Tax Clarity From Central Bank

India’s crypto exchanges are demanding that the country’s central bank provide clear guidelines regarding taxation.

2020-5-5 12:21	tax
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India’s Income Tax Department Is Secretly Training Its Officials to Investigate Cryptocurrencies

We got a copy of the Indian tax authority’s secret training manual for cryptocurrencies

2019-12-18 09:36	Cryptocurrencies
training tax cryptocurrencies copy indian authority manual

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Indian Tax Authority Sends Probing Questions to Crypto Owners – Experts Weigh In

As the Indian government deliberates on the country’s crypto policy, the tax authority continues to send out letters with lengthy, probing questions to crypto owners. News. Bitcoin. com talked to industry experts to find out the implications of these letters, what people can do when receiving them, and how crypto assets are taxed in India.

2019-8-7 09:35	Virtual Currency
crypto experts tax indian owners probing questions

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Indian State of Telangana Aims to Set up Blockchain District for Start-Ups

The Indian state of Telangana plans to establish the country’s ostensibly first blockchain district by offering tax relief, resource subsidies, and financial grants to start-ups

2019-5-28 14:51	Government
district start-ups indian blockchain state telangana relief

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Exclusive: Indian Bitcoin Users in the Dark Over Their Tax Liabilities

There is no doubt that India is among the most disoriented country when it comes to bitcoin regulations. When the Reserve Bank of India merely withdrew banking access to entities dealing in cryptocurrencies, the general public opinion misinterpreted it as an outright crypto ban.

2019-3-25 16:39	Bitcoin
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Indian Supreme Court Gives Government Deadline to Reach Decision on Crypto Regulations

The Supreme Court of India made a decision on February 25, 2019, to present the government with an ultimatum: Develop crypto regulations within the next four weeks or the court will make its own judgement.

2019-2-26 22:02	Regulation
government crypto india rbi court legal supreme

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US Lawmakers File Bill to Exclude Cryptocurrencies From Securities Definition

Two U. S. congressmen have introduced a bill aimed at amending the country’s securities laws to exclude cryptocurrencies from the definition of a security. The bipartisan bill also seeks to adjust taxation and create tax exemptions for certain cryptocurrency transactions.

2018-12-21 17:45	Virtual Currency
bill securities definition cryptocurrencies exclude introduced lawmakers

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France Rejects Crypto-Friendly Tax Amendments

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	Virtual Currency
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France Rejects Cryptocurrency-Friendly Tax Amendments

2018-12-19 07:15	Virtual Currency
amendments rejected tax france crypto number cryptocurrency-friendly

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Japanese Lawmaker Proposes 4 Tax Cuts for Crypto Users and Traders

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	Virtual Currency
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Deutsche Bank Headquarters Raided by 170 Police Officers Over Money Laundering

Deutsche Bank’s headquarters and five other offices have been raided by 170 police officers, prosecutors, and tax inspectors over money laundering allegations. The bank’s written and electronic business documents were reportedly seized.

2018-11-30 16:35	Virtual Currency
money bank deutsche officers laundering headquarters police

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Indian State Loses $3B in Bitcoin to Fraudulent Schemes, Corruption

Some $3.2 billion worth of Bitcoin has been lost in India due to corruption and criminal activities, among them tax evasion and an alleged kidnapping.

2018-8-10 11:25	News
corruption bitcoin due among activities criminal evasion

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Official Reveals that Regulations for Crypto-currency in India are Coming in July.

According to a recent statement by a high-ranking official, the long-awaited regulations are on the way. Indian authorities have been sending mixed signals about the future of cryptocurrencies, along with issuing warnings and applying restrictive administrative measures.

2018-6-26 05:23
official tax regulations applying restrictive administrative warnings

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Canadian Province Asks QuadrigaCX Co-Founder to Explain His Wealth in New Order

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U.S. CBDC Is Unlikely in the Near Term: Bank of America

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India's Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges

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U.S. Crypto Regulatory Fog Keeps Standard Chartered Rooted in UAE, Asia

Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.

EU Formally Agrees on New Crypto Tax Data Sharing Rules

The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.

Binance Japan Starts Onboarding Users

Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.

2022-12-14 17:20

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