Taxes / Заголовки новостей 
IRS draft tax form for crypto defines unhosted wallets as brokers
The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate. дальше »
2024-4-20 03:57
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Top IRS official says ‘pure crypto tax crimes’ on the rise alongside scams
IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax crimes” that fall under Title 26 of the US Code, which includes federal income tax violations. дальше »
2024-4-14 02:10
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Thailand Greenlights Income Tax Exemption for Investment Token Earnings: Report
Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes. дальше »
2024-3-14 13:59
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Biden’s 2025 budget targets crypto tax loopholes, expands digital asset oversight
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025. дальше »
2024-3-12 01:28
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Indonesia considers easing crypto taxation
Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin's value. дальше »
2024-3-3 22:15
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South Korea’s ruling party proposes delay in crypto taxation as election pledge
In a strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation, local media reported Feb. дальше »
2024-2-20 23:00
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Brazil to implement new tax on foreign crypto earnings in 2024
The Brazilian Senate has approved a new taxation policy, effective Jan. 1, imposing up to a 15% tax on earnings from crypto held in foreign exchanges. дальше »
2023-12-1 00:43
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Spanish citizens to declare foreign crypto holdings by end of March 2024
Only individuals with balance sheets exceeding the equivalent of 50,000 euros in crypto assets are obliged to declare their foreign holdings. дальше »
2023-11-28 13:26
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Kraken to turn over select customer data to IRS after July court loss
Kraken alerted users by email t on Oct. 25 that it would provide certain customer information to the Internal Revenue Service (IRS). The crypto exchange company said that the IRS issued a summons in May 2021 and ordered it to provide a variety of records and data. дальше »
2023-10-27 23:00
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IRS extends comments period for new crypto tax rule to mid-November
The proposed rules are supposed to come into effect in 2026, impacting sales and exchanges conducted in 2025.
дальше »2023-10-25 11:02
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IRS proposes unprecedented data-collection on crypto users
The IRS is looking to require crypto service providers to collect unprecedented swaths of data about their users — including names and Social Security numbers. дальше »
2023-10-24 21:01
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Council of the EU adopts DAC8 crypto tax reporting rule
The eighth iteration of the Directive on Administrative Cooperation was formally adopted by the Council of the European Union.
дальше »2023-10-18 11:50
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US lawmakers urge Treasury, IRS to hasten implementation of crypto tax rules by 2 years
U. S. Senators Elizabeth Warren and Angus S. King, Jr. are pressing the U. S. Department of the Treasury and the Internal Revenue Service (IRS) to hasten the implementation of recently proposed tax reporting rules for cryptocurrency brokers. дальше »
2023-10-12 06:00
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US lawmakers urge IRS to implement crypto tax reporting requirements before 2026
The crypto tax reporting requirements proposed by the IRS in August are currently scheduled to go into effect in 2026 — according to 7 senators, that isn't soon enough. дальше »
2023-10-12 00:45
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How to buy Bitcoin in Dubai
Experience zero tax on crypto trades — find out how to buy Bitcoin in Dubai.
дальше »2023-9-25 12:34
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South Koreans’ overseas crypto assets boom to $99B as regulatory focus shifts to OTC trade regulation
South Koreans reported approximately 131 trillion won (around $99 billion) in overseas crypto assets, including Bitcoin (BTC), for this year, according to the country’s tax agency. According to the document, 1,432 individuals and entities possessed cryptocurrency holdings valued at over $99 billion overseas. дальше »
2023-9-21 19:10
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Crypto Wants a De Minimis Tax Exemption in the U.S.
The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this month. дальше »
2023-9-20 20:30
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Thailand to start taxing overseas income next year, including from crypto
Any person who resides in Thailand for up to 180 days, would be subject to personal income tax on foreign assets, including crypto. дальше »
2023-9-20 12:22
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9 US senators publicly back Elizabeth Warren’s crypto bill
Senator Elizabeth Warren announces the expansion of her coalition to crack down on “crypto’s use in money laundering, drug trafficking, sanctions evasion.” дальше »
2023-9-19 10:16
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G20 calls for ‘swift’ creation of crypto tax reporting rules and info exchange
G20 leaders are moving rapidly toward a Crypto Asset Reporting Framework, according to a report from The Times of India on Sept. 9. That framework would see G20 member countries collect and share information about the use of cryptocurrency and digital assets. дальше »
2023-9-10 23:05
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G20 moves forward with international crypto framework
The upcoming framework will affect users in several countries by automatically exchanging information about crypto transactions between jurisdictions on an annual basis. дальше »
2023-9-10 20:09
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Blockchain Association responds to US lawmakers’ request for crypto tax guidance
Lawmakers with the U.S. Senate Financial Services Committee announced in July they would be accepting suggestions on how to tax crypto until Sept. 8. дальше »
2023-9-9 22:03
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Japanese regulator seeks to scrap “unrealized gains” tax on crypto
The Japanese Financial Services Agency has proposed changing the tax code around digital assets to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto. дальше »
2023-9-5 11:26
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Kentucky regulator denies plan for subsidizing crypto mining facility
A proposed contract with the Kentucky Power Company would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility over a decade. дальше »
2023-9-2 22:03
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Tornado Cash Indictments May Prove to Be Just a Localized Storm After All
The Tornado Cash indictments could be another tipping point for crypto. How the case plays out could define how the federal government can deal with decentralized trading platforms if they’re seen as broad precedents. дальше »
2023-8-30 03:00
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New tax rules for crypto in the US: Law Decoded
The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital assets by brokers. дальше »
2023-8-29 23:30
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Rep. Patrick McHenry calls proposed crypto tax rules an ‘attack on the digital asset ecosystem’
Patrick McHenry, Chairman of the House Financial Services Committee, commented on newly proposed crypto taxation rules on Aug. 25. The IRS, along with the U. S. Treasury, proposed those taxation rules earlier in the day. дальше »
2023-8-26 22:20
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Record surge in Bank Term Funding Program hints at underlying instability in U.S. Treasuries
Quick Take Based on the data analysis from analyst Joe Consorti, the Bank Term Funding Program (BTFP) has surged to a record $107.39 billion. This significant increase in the BTFP, a program instituted following the collapse of Silicon Valley Bank in March 2023, underscores the critical financial environment that led to the creation of this […] The post Record surge in Bank Term Funding Program hints at underlying instability in U.S. Treasuries appeared first on CryptoSlate. дальше »
2023-8-26 22:00
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India probes betting platforms for crypto tax evasion
Indian authorities are intensifying their crackdown on gaming and betting applications using cryptos and offshore companies to evade taxes. According to a report from The Economic Times, several agencies are investigating networks of dummy companies that allegedly use crypto assets… дальше »
2023-8-16 13:51
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Brazil to tax crypto held abroad by citizens
The Brazilian Congress is pushing forward legislation allowing for the taxation of crypto assets held abroad by citizens of the South American country. According to the local press, Brazilian lawmakers on Aug. дальше »
2023-8-13 16:35
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Brazil's Congress moves to levy higher taxes on cryptocurrencies
If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets. дальше »
2023-8-13 20:06
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Brazil’s Congress moves to levy higher taxes on cryptocurrencies
If approved, the legislation would make crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets. дальше »
2023-8-14 20:06
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FTX has a plan, but creditors are not impressed: Law Decoded
A body representing FTX customers said it is “extremely disappointed” by the company’s reorganization plan.
дальше »2023-8-8 23:30
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Ukraine Government Reveals Crypto Firms Have Cost The Country $81 Million In Lost Taxes
According to data released by the Ukrainian government, cryptocurrency firms offering services in Ukraine have failed to contribute over $81 million in taxes to the country’s budget in the past decade. дальше »
2023-8-4 19:00
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Elizabeth Warren pressures Treasury, IRS for swift action on $50B crypto tax loophole
In a recent letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, US Senators led by Elizabeth Warren have demanded prompt action on implementing new tax reporting requirements for digital asset brokers. дальше »
2023-8-3 13:00
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IRS clarifies rules on crypto staking rewards
The Internal Revenue Service issued new guidelines on July 31, outlining its stance on taxing cryptocurrency staking rewards. The new directives stipulate that taxpayers who engage in staking of cryptocurrency native to a proof-of-stake blockchain and subsequently receive additional cryptocurrency units as validation rewards are required to include the value of these rewards in their […] The post IRS clarifies rules on crypto staking rewards appeared first on CryptoSlate. дальше »
2023-8-1 08:00
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Ethereum edges into top 50 global assets while Bitcoin climbs to 12th largest asset worldwide by market cap
Quick Take Ethereum has reached a significant achievement by cracking into the top 50 global assets based on market capitalization, with a current worth of $223 billion. This pushes it past palladium and brings it to just $17 billion behind platinum, indicating a notable surge among global assets. дальше »
2023-8-1 07:00
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IRS investigating American crypto exodus to Puerto Rico
The U. S. Internal Revenue Service (IRS) is pursuing tax dodgers who abused Puerto Rico’s tax structures, Bloomberg reported on July 12. Puerto Rico has offered significant tax incentives to cryptocurrency traders, hedge fund managers, and other American investors since 2012. дальше »
2023-7-13 01:00
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Bill to exempt foreigners from crypto taxes passes preliminary reading in Israel
The bill would also level up crypto bonuses with employee stock options by reducing the current 50% tax to 25%.
дальше »2023-7-6 11:15
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IMF eyes tens of billions in crypto asset taxes, has few suggestions for collecting them
Income tax, property tax, VAT, corrective taxation — there is a tax goldmine out there for governments, but they will have to think hard about accessing it. дальше »
2023-7-6 23:00
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Kraken says it fought IRS to protect clients against identity theft, other potential harms
Kraken, a leading crypto exchange, commented on the outcome of a recent case in a statement emailed to CryptoSlate on July 3. A company representative said: “We fought the IRS because they sought intrusive and unnecessary information about U. дальше »
2023-7-4 23:44
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Slovakia approves lower crypto income tax rate
Slovakian lawmakers have passed legislation to regulate and reduce the tax rate on cryptocurrency income. Under the new law, crypto income from assets held for at least a year will be taxed at a favorable rate of 7%, aligning Slovakia… дальше »
2023-7-1 11:24
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Kraken ordered to provide IRS with user data
Kraken has been ordered to provide information about its users to the Internal Revenue Service (IRS), according to a June 30 court filing. Users who traded $20K affected The filing says that Kraken must provide the IRS with identifying information about users that traded at least $20,000 worth of cryptocurrency over a one-year period. дальше »
2023-7-1 03:02
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Tax experts challenge HMRC’s proposed tax framework as ‘Not fit for purpose’
Accounting service leaders in the UK have disputed HMRC’s proposed taxation framework for decentralized finance (DeFi) transactions, labeling it as “not fit for purpose.” In a letter sent to HMRC, the UK’s tax authority, written by experts, including tax calculation software provider Recap and chartered accountants, Wright Vigar highlights the need for a more nuanced […] The post Tax experts challenge HMRC’s proposed tax framework as ‘Not fit for purpose’ appeared first on CryptoSlate. дальше »
2023-6-30 13:47
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Biden extols economic progress in Chicago speech, again criticizing “loopholes for crypto traders” in U.S. tax code
President Joe Biden has once again commented on the need to close crypto “loopholes” while touting his economic policies. Speaking in Chicago, President Biden shared his economic vision for America in what he claimed had been dubbed by legacy media outlets, “Bidenomics. дальше »
2023-6-30 18:45
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Japan grants tax exemption to token issuers
The National Tax Agency in Japan recently revised a law on June 20, exempting token issuers from paying corporate taxes on unrealized cryptocurrency gains. дальше »
2023-6-26 16:03
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How to track and report crypto transactions for tax purposes
Crypto assets are subject to tax and must be tracked and reported to the IRS. This comprehensive tax guide contains everything you need to know. дальше »
2023-6-21 18:42
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Nigeria to tax crypto, digital assets 10% on capital gains — Experts react
The legislation aims to enhance fiscal transparency, boost revenue and recognize cryptocurrencies as legitimate assets.
дальше »2023-6-12 10:54
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Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns
The proposal would have allowed Uniswap’s governing body to receive a percentage of the fees that currently go to liquidity providers. дальше »
2023-6-2 00:25
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Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker
According to Rep. Warren Davidson, legislation to address the U.S. debt ceiling blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners. дальше »
2023-5-30 00:53
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