2022-6-17 03:23 |
“If you've made a sale during the tax year, and you've sold at a loss, there's basically a benefit there,” says Koinly’s head of tax.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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2021 was a record-breaking year, as the total crypto market cap hit a high of just short of $3 trillion, with the market leader, Bitcoin, peaking at $69,000. The post From boom to gloom, the crypto investors now unable to pay their tax bill appeared first on CryptoSlate.
2022-5-31 05:35 | |
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According to Katja Hessel, German Parliamentary State Secretary, crypto traders can get tax exemption benefits on the sale of digital currencies. Furthermore, if they have held onto their assets for one year or more, they will not have to pay taxes on the money they make from the crypto sales. The Federal Finance Ministry of […]
2022-5-13 13:00 | |
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Germany’s Finance Ministry has released new cryptocurrency tax guidelines with no tax payable on gains from BTC and ETH sold 12 months after acquisition.
2022-5-13 22:15 | |
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Korea’s future Finance Chief Choo Kyung-ho mulls introducing a capital gains tax for financial investments and cryptocurrencies in 2025, Korea JoongAng Daily reported Monday. As per the report, both sides of the government had planned in December to introduce a 20% capital gains tax on financial investments and cryptocurrencies beginning in January next year, in […]
2022-5-5 19:49 | |
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It's that time of year when you squint at your receipts and tax forms to better understand your financial habits. If that sounds daunting, you can rest assured that even those who run crypto projects The post Ethereum: $300M in non-crypto assets and here's why you should give an "EF" appeared first on AMBCrypto.
2022-4-19 09:45 | |
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Even as India’s steep 30% tax on bitcoin earnings takes effect, US cryptocurrency exchange Coinbase has announced plans to expand its operations in the country. Coinbase said that it has invested $150 million in Indian technology startups focused on crypto and Web3 and aims to create additional jobs in the nation this year. India has […]
2022-4-5 12:00 | |
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India’s tax authority first began seizing assets to address alleged tax evasion late last year.
2022-3-29 19:21 | |
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The Brazilian city of Rio De Janeiro is making huge steps towards becoming a global hub for the cryptocurrency industry. Come 2023, residents of Rio will be permitted to settle real estate tax payments using bitcoin.
2022-3-27 19:48 | |
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Rio de Janeiro, Brazil’s second-largest city, will begin accepting cryptocurrency payments for property taxes in 2023, reports said Saturday. According to a notice from the City Hall of Rio de Janeiro, the city will contract multiple companies to handle the conversion of cryptocurrencies to Brazilian reals.
2022-3-27 10:00 | |
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Earlier this year, the US made the process of NFT trading easier by making sense of the tax and investment ramifications of NFTs and Crypto assets. Knock Knock; it’s the IRS NFTs and crypto assets are fun and games until the tax person comes knocking for their cut.
2022-3-24 04:04 | |
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India’s proposed crypto taxation law will take effect on 1 April this year. Ashish… The post India’s crypto tax law clarification is ‘a step backwards’, says CEO of CoinSwitch appeared first on Coin Journal.
2022-3-22 21:47 | |
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Casual collectors may be in for a rude awakening this year.
2022-2-26 17:11 | |
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Some $14 trillion of cryptocurrency capital gains were created last year, and tax bills need to be paid.
2022-2-26 15:26 | |
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While Moscow continues weighing its options for regulating cryptocurrencies, preliminary estimates suggest that Russian authorities could collect up to $13 billion (1 trillion rubles) from taxing the market, according to The Bell.
2022-2-9 06:00 | |
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After 2022 started with tax raids on crypto businesses in India, industry players are pushing for a bill in the upcoming Budget session. The session is scheduled for 1 February for the financial year The post India: Crypto industry players hope for regulatory clarity in Budget 2022 appeared first on AMBCrypto.
2022-1-20 14:00 | |
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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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While the interest in crypto markets skyrocketed, the NFT craze also saw a massive surge through the last year. However, it's now time for the taxmen to check for tax liabilities from profits in theseThe post Tax season: Regulations unclear, experts advise early prep for taxes on crypto, NFT appeared first on AMBCrypto.
2022-1-16 00:30 | |
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The Kingdom of Thailand is reeling through a cryptocurrency tax conundrum. However, that hasn't stopped its stock exchange from lining up the launch of ambitious digital asset-related projects for thiThe post Stock Exchange of Thailand set to launch digital asset exchange later this year appeared first on AMBCrypto.
2022-1-12 16:30 | |
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TaxBit wants to prevent crypto users from spending “thousands of dollars per year” to generate crypto tax forms.
2022-1-12 17:00 | |
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U.Today helps you keep an eye on the first crypto events of this year!
2022-1-5 19:45 | |
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2021 was a year of political turmoil for crypto businesses in South Korea. After several regulatory shakeups, the country is finally ready to tax digital assets from 2023. With that, South Korea isThe post Crypto politics heats up with upcoming presidential elections 2022 in South Korea appeared first on AMBCrypto.
2022-1-3 13:30 | |
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A local media report has confirmed that major cryptocurrency service providers are under investigation in India on suspicion of possible tax evasion. [embed]https://twitter.com/ANI/status/147718695The post India: Dull New Year for crypto as platforms to face raids over alleged tax evasion appeared first on AMBCrypto.
2022-1-1 13:30 | |
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Infamous for being tax haven, Gibraltar is nearly set to become a prime cryptocurrency hub next year, as the territory preps itself for an overhaul of its financial industry. Gibraltar-based blockcThe post Gibraltar Stock Exchange to get a makeover, to become world's first integrated exchange appeared first on AMBCrypto.
2021-12-27 21:30 | |
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Wyoming Republican Senator Cynthia Lummis plans to introduce a comprehensive bill next year covering tax taxation of digital assets and their categorization to consumer protections. Lummis, who is also a Bitcoiner and one of the most vocal crypto advocates, will also be pitching Congress on creating a crypto regulatory body under the joint jurisdiction of […] The post Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year first appeared on BitcoinExchangeGuide.
2021-12-24 16:56 | |
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The long debate in the country’s legislature could soon be over meaning cryptocurrency gains made in South Korea may not be considered taxable events until 2023 at the earliest.
2021-11-30 04:36 | |
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The unprecedented appreciation in cryptocurrency gains over the past year has taken the world by storm. Cryptocurrency exchanges too have seen massive gains due to the crypto-trading boom of 2021.
2021-11-29 23:30 | |
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Cryptocurrencies were this year a major method of avoiding taxation in the United States according to an annual report published by the Internal Revenue Service. The IRS said it has confiscated $3.5 billion worth of cryptocurrencies linked to tax fraud, and the amount makes up 93% of all assets confiscated this year so far. “I […]
2021-11-21 19:43 | |
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Austria is going to tax crypto assets like mainstream stock and bond investments to boost confidence in them. Starting in March of next year, Austria will impose a 27. 5% capital gain on digital currencies, including Bitcoin and Ether.
2021-11-11 18:53 | |
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Ah, the tax season, not quite the season of love and understanding. Nobody likes that time of the year, but thanks to these crypto tax software, this year is gonna be bearable for crypto traders.
2021-8-26 13:45 | |
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South Korea is now considering tightening its crackdown on tax evasion by cryptocurrency investors and high-income earners, said the finance ministry on Monday. The government is proposing to revise tax codes that will allow tax authorities to seize tax dodgers’ crypto assets even if they are held in digital wallets, starting next year.
2021-7-26 17:27 | |
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ETFs pulled in $488. 5 billion in less than 7 months of 2021 and are on track to break the $497 billion full-year record set in 2020. Meanwhile, in crypto, since 2013, not a single one has been approved by the US SEC, which says it wants to protect the investors when ETFs are what will ensure low fees, tax advantages, and relative ease of trading for them.
2021-7-20 19:20 | |
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In October 2020 John McAfee was arrested in Spain on charges of promoting unregistered ICO offerings and tax evasion. Today he has been found dead in his jail cell in Barcelona. In this podcast episode, recorded a year before his arrest, he talks to Andy Pickering about all things crypto and his life on the run.
2021-6-24 14:45 | |
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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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Korea's Financial Services Commission is also meeting with crypto exchanges to hear their concerns about new regulation approaches. The post South Korea to Tax Crypto Assets Held in Overseas Exchanges Starting Next Year first appeared on BitcoinExchangeGuide.
2021-6-4 19:41 | |
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Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year.
2021-5-30 17:00 | |
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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 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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Beginning in the 2022 tax year, stock and bond investors will be taxed on capital gains that are over 50 million won, or $45,000. The post South Korea to Impose 20% Income Tax on Crypto Transactions appeared first on BeInCrypto.
2021-5-29 22:15 | |
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While the crypto market is waiting for direction, Janet Yellen calls for more funding to run her agency and improve tax collection, while the proposed budget for the next fiscal year will bring US federal spending to the highest sustained level since World War II.
2021-5-27 20:21 | |
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The finance minister expects “several billion forints” of revenue from this tax reduction while its inflation spiked to above 5% in Q2, the fastest in Europe and the highest since 2012 as it sees no reason to make substantial cuts in spending next year.
2021-5-13 23:00 | |
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The Hungarian government has announced a cut on tax for all cryptocurrency earnings, starting next year. The post Hungary Hopes Tax Slash Will Incentivize Investors to Declare Crypto Earnings appeared first on BeInCrypto.
2021-5-13 20:30 | |
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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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On Tuesday, Hong Nam-Ki, South Korea’s finance minister, stated that the government is on course with the proposal to introduce capital gains tax on crypto trading starting next year. “It’s inevitable, we will need to impose taxes on gains from trading of virtual assets,” Hong stated during a news conference on Tuesday.
2021-4-28 21:38 | |
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The South Korean government has seen a swell in opposition towards plans to levy taxes next year against crypto trading. The post Opposition to Crypto Tax Plans Gaining Momentum in South Korea appeared first on BeInCrypto.
2021-4-24 11:03 | |
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NFTs volume is dropping after an initial bubble-like storm of interest and millions pouring into the emerging digital goods market. But it could be because crypto investors are realizing as they wrap up last year’s taxes – extended to May 17 in the United States – that buying such tokens with Ethereum results in a […]
2021-4-15 18:21 | |
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Japanese authorities aren’t hesitating in hunting down anyone considered a crypto tax evader. A court in Ishikawa has sentenced one of them, a 56-year-old man that will spend one year in prison, plus pay a $200,000 fine.
2021-3-13 08:15 | |
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As the IRS wisens up to cryptocurrencies, traders will likely need support. This year, a question regarding virtual currency will appear at the top of the 1040 form for 2020 tax filings in the US.
2021-3-3 21:20 | |
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Bitcoin's price is going down for many reasons including traders who realized gains last year selling to pay their tax bills.
2021-1-28 00:42 | |
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Less than a year ago, India’s Supreme Court decided to overrule the central bank’s decision to forbid all other banks in the country to serve crypto businesses. With this rule revoked, the country’s crypto industry began to flourish, which led the government to the idea of introducing crypto taxes.
2020-12-29 14:56 | |
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