2022-4-20 13:46 |
Amendments to the tax code have passed the first round of parliamentary consideration in February.
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The latest proposal from a group of House Democrats seeks to change how updates to the tax code affect crypto entities “who do not engage in brokerage services.”
2021-11-18 06:08 | |
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In our previous articles about cryptocurrency tax calculators, we mentioned the importance of proper tax calculations, because you know that old saying: there are only two things you have to do in life: die and pay taxes.
2021-9-26 15:22 | |
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South Korea’s crypto industry is currently in the midst of a significant dispute with the government as the topic of taxation continues to rage on. Following a possible delay in the government’s proposed tax code, a lawmaker has come out to declare that he won’t be backing down.
2021-9-18 18:06 | |
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The ruling party is planning to attempt a postponement of the crypto tax laws but the Finance Minister is not for turning.
2021-9-17 05:58 | |
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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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The prime minister of Russia, Mikhail Mishustin, has said that the government is considering categorizing digital financial assets (DFA) as a form of property. Mikhail, who was speaking at a recent Russian government session, noted that the authorities intend to forge a path for a civilized local crypto market.
2020-11-27 17:22 | |
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Russia’s prime minister proposed recognizing crypto as property under the nation’s tax code.
2020-11-27 16:35 | |
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South Korea's government has tabled its final proposed tax code on cryptocurrencies with the tax rule set to be implemented from October 2020. The new tax rule will see a 20% income tax on crypto gains take effect as South Korea's government scales its effort to capture digital asset revenue. The final documentation was agreed […]
2020-7-22 18:59 | |
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Kyrgyz Republic's lawmakers are looking to introduce a taxation bill for cryptocurrency mining which, if passed would make it the first piece of crypto legislation in the country. The bill would amend the Tax Code of the Kyrgyz Republic and bring crypto mining under its tax code.
2020-6-6 21:07 | |
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Bitcoin Cash supporters demand to know why a controversial miner’s tax remains in the code for its May network update
2020-4-16 21:30 | |
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In our previous articles about cryptocurrency tax software, we mentioned the importance of proper tax calculations, because you know that old saying: there are only two things you have to do in life: die and pay taxes.
2020-2-27 00:51 | |
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President Trump architected sweeping changes to the tax code early in his presidency, and if he wins in 2020, Tax Cuts 2. 0 could be afoot. The post A Repeat Win for Trump in 2020 Could Mean ‘Tax Cuts 2.
2019-12-15 20:30 | |
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Russia might implement an interesting tax method. Local media reported that the Association of Banks of Russia proposes a tax on cryptocurrency mining that is equivalent to the tax on found properties or treasures.
2019-9-27 11:00 | |
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“At the very least, the IRS should heed Portugal’s prudent policy and treat cryptocurrency transactions like typical currency transfers.” The post Op Ed: Portugal Clarified Its Bitcoin Tax Code; Other Nations Should Take Note appeared first on Bitcoin Magazine.
2019-9-6 23:19 | |
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Reintroduced cryptocurrency tax legislation is taking aim at the IRS's current code
2019-8-8 21:00 | |
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The U. S. Internal Revenue Service (IRS) is planning to overhaul its methods for determining the federal taxes due on cryptocurrency payments to improve clarity for taxpayers.
2019-5-21 20:54 | |
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Across the world, various governments have successfully implemented blockchain strategy. However, in the United States, such efforts have stalled. In 2018, the IRS was publicly criticized by a member of Congress for not creating a specific tax code for cryptocurrency.
2019-2-21 21:31 | |
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The Wyoming state government has been expanding its status as a hub for crypto and blockchain technology by passing several new bills this February. According to Wyoming-based blockchain advocate Caitlin Long, the state of Wyoming has recently passed resolution SF0125 on February 14, 2019, claiming that Wyoming “law recognizes property rights in the direct ownership of digital assets.
2019-2-15 22:18 | |
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A house bill for amending the currently existing taxation Code of Indiana has been filed January 24 seeking acceptance of cryptocurrencies for paying taxes. Another bill requiring the state treasurer of New Hampshire to develop an implementation plan for accepting cryptocurrencies for tax payments has also been filed.
2019-1-27 01:00 | |
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A house bill for amending the currently existing taxation Code of Indiana has been filed January 24 seeking acceptance of cryptocurrencies for paying taxes. Another bill requiring the state treasurer of New Hampshire to develop an implementation plan for accepting cryptocurrencies for tax payments has also been filed.
2019-1-27 01:00 | |
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Romania has amended its tax laws, allowing it to start taxing gains from bitcoin investments at a rate of 10 percent. The improved fiscal code legislation categorizes earnings generated from buying and selling cryptocurrencies as “income from other sources” and therefore subject to income tax, local media reports.
2019-1-22 21:22 | |
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It has been announced that blockchain research is among the research fields that have been declared eligible for tax credit in South Korea. The news was made public by the Ministry of Strategy and Finance who also revealed that the new tax code is to list wearable robots and fine dust reduction technology among fields […]
2019-1-13 22:27 | |
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The National Assembly in France has recently shot down proposals to ease up the pressure on tax regulations in the crypto space. As reported by Bitcoin.
2018-12-20 22:13 | |
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Nick Spanos is an early adopter and innovator in the blockchain space. He is best known for launching Bitcoin Center NYC, the world’s first live cryptocurrency exchange, in 2013, right next to the New York Stock Exchange — as immortalized in the Netflix documentary “Banking on Bitcoin.
2018-12-15 21:43 | |
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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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Ukraine’s parliament will consider amendments to the tax code, potentially providing a decade-long tax holiday for local crypto market participants.
2018-10-3 12:57 | |
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Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U.
2018-9-29 01:06 | |
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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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George Popescu has come down hard on the American Internal Revenue Service (IRS) and the U. S. tax code in general as stifling instead of enabling innovation through cryptocurrency adoption. In a Medium post published on August 22, 2018, the founder of crypto industry publication Blockchain Times and augmented reality startup Lampix stated that tax policy is effectively blocking crypto payments.
2018-8-25 01:00 | |
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The document will not include separate taxation schemes for cryptocurrency owners, which means that mining and circulation of cryptocurrencies will be regulated under existing provisions of the Russian Tax Code.
2018-7-19 12:29 | |
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Summary The U. S. tax code is always evolving, and the 2017 Tax Cut and Jobs Act made significant changes that will impact all taxpayers. Many forward-looking analyses anticipate a lower tax liability for most individuals.
2018-6-22 12:27 | |
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