2023-10-17 19:52 |
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. origin »
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The U. S. Treasury Department has proposed updated tax rules aiming to streamline the crypto tax landscape, as reported by the Wall Street Journal. The proposed rules, when fully implemented, will obligate crypto businesses to interact with the IRS in a similar fashion to traditional brokers handling stock and mutual fund portfolios.
2023-8-25 18:55 | |
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If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets.
2023-8-13 20:06 | |
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If approved, the legislation would make crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets.
2023-8-14 20:06 | |
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A Supreme Court judge has rejected a request from Epic Games that would've immediately loosened Apple's App Store payment rules, to the potential benefit of crypto and NFT apps.
2023-8-10 06:32 | |
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US Senators urge Treasury and IRS to implement crypto tax rules by December 2023, warning of potential $1.5 billion revenue loss. Four U.S. Senators, Elizabeth Warren, Robert P. Casey, Jr., Richard Blumenthal, and Bernard Sanders, have sent a letter to…
2023-8-3 16:25 | |
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According to a report recently released by the International Monetary Fund (IMF), current anti-money laundering (AML) policies are inadequate for effectively dealing with tax evasion in the cryptocurrency industry.
2023-7-19 00:24 | |
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Slovakia relaxes tax rules for cryptocurrency profits and payments below 2,400 euros.
The post Slovakia Stands to Lose €30M Through Crypto Tax Cuts appeared first on BeInCrypto.
2023-6-29 17:00 | |
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The National Tax Agency of Japan released an updated version of its corporate tax guidelines, introducing significant changes to the crypto taxation rules for digital token issuers. This revision focuses explicitly on eliminating taxes on unrealized gains derived from crypto assets issued by companies.
2023-6-26 16:00 | |
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Japan’s National Tax Agency has partially revised its corporate tax guidelines, implementing new tax rules for token issuers.
2023-6-26 23:32 | |
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Japan’s National Tax Agency revised the corporate tax rules for cryptocurrency issuers earlier this week. The revised rules exempt crypto token issuers from paying corporate tax on unrealized gains for their holdings.
2023-6-25 20:42 | |
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Congressmen Brad Sherman and Stephen Lynch called the crypto industry "a major source of tax evasion" in a letter asking for the prompt release of proposed regulations.
2023-6-7 11:39 | |
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DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules.
2023-5-17 20:12 | |
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Officials are optimistic finance ministers will formally agree on laws allowing the sharing of information on crypto and NFT holdings between tax authorities next week.
2023-5-11 16:04 | |
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U. S. President Joe Biden called for an end to unspecified crypto tax rules on May 9. On Twitter, Biden posted an infographic that read: “We think Congress should cut tax loopholes that help wealthy crypto investors.
2023-5-10 01:29 | |
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The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users.
2023-5-2 13:47 | |
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The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users.
2023-5-3 13:47 | |
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You might think that new tax reporting rules for exchanges should mean less work for the taxpayer, but it’s the opposite, says CPA Kirk Phillips.
2023-4-14 19:59 | |
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A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes.
2023-4-11 02:29 | |
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India disclosed that it made nearly $20M in tax after new rules subjected income from crypto transfers to a flat tax rate of 30%. The post India Raked In Over $19.2M in Crypto Tax in the 2023 Fiscal Year appeared first on BeInCrypto.
2023-3-30 13:00 | |
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Digital proofs of ownership will be taxed like the underlying assets until rules on how to treat assets in retirement accounts are finalized
2023-3-22 17:56 | |
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United States President Joe Biden will propose changes to crypto taxation in an upcoming budget plan, according to a report from the Wall Street Journal on March 8. The post Biden to propose changing crypto tax rules: WSJ appeared first on CryptoSlate.
2023-3-9 03:40 | |
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Indian Finance Minister Nirmala Sitharaman has unveiled the 2023 budget for the nation.
2023-2-1 10:02 | |
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India is unlikely to change its restrictive crypto tax rules when Finance Minister Nirmala Sitharaman unveils the country’s new budget on Wednesday, CoinDesk has learned.
2023-1-30 17:51 | |
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A research study found that Indians moved more than $3.8 billion in cumulative trading volume from local to international crypto exchanges after the nation announced stiff crypto tax rules last year.
2023-1-5 10:58 | |
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A research study found that Indians moved more than $3.8 billion in cumulative trading volume from local to international crypto exchanges after the nation announced stiff crypto tax rules last year.
2023-1-4 10:58 | |
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Congress passed a law in November 2021 that required the new crypto rules to be issued.
2022-12-24 01:05 | |
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Congress passed a law in November 2021 that required the new crypto rules to be issued.
2022-12-25 01:05 | |
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A special council has just been created in Ukraine to draft crypto taxation regulations and strengthen existing laws.
2022-11-21 14:29 | |
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The need for comprehensive crypto tax reform will only become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing.
2022-11-17 17:31 | |
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The government may write special rules regarding the treatment of the new asset within the cubbyhole, but there will be an existing tax bucket for every new idea, says KPMG's Tony Tuths.
2022-11-15 20:18 | |
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Apple published rules for NFTs for the first time that included a 30% NFT “tax” and geo-limiting exchanges.
2022-10-27 22:30 | |
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The Internal Revenue Service (IRS) has released a draft of new instructions to U.S. taxpayers on reporting digital asset activity. IRS Releases Draft Tax Document The IRS is expanding its...
2022-10-20 00:13 | |
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Japan has been looking to gradually ease rules for crypto startups, with the government also considering corporate tax breaks for companies.
2022-10-20 19:50 | |
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Portugal could soon impose taxes on crypto investors through new rules set out in its draft budget. Portugal Includes Crypto In Budget Portugal may impose a 28% tax on crypto...
2022-10-11 00:46 | |
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IRS rules weren’t ready for the Ethereum upgrade. It’s unlikely to become the fiasco that taxpayers experienced when Bitcoin forked in 2017, but there are measures they can take to prepare for whatever the IRS decides.
2022-9-28 00:31 | |
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Kazakhstan has imposed new tax rules on crypto miners, this new taxation system shall be differentiating the tax rates on crypto mining. It also includes crypto miners that use renewable energy resources.
2022-7-15 04:00 | |
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The President of Kazakhstan signed a bill to apply a differentiated tax rate based on the energy consumption of crypto miners on July 11. The post Kazakhstan imposes new tax rules on crypto miners appeared first on CryptoSlate.
2022-7-13 15:00 | |
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Her Majestys Revenue and Customs is seeking views from investors, professionals, and firms engaged in the DeFi space. U.K. Mulls New Tax Rules for DeFi The U.K. government wants help...
2022-7-5 17:50 | |
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An Indian government notification from the tax authorities has clarified key procedural elements of compliance to the new and controversial tax provision, 1% tax deducted at source (TDS), effective July 1, 2022.
2022-6-22 22:29 | |
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The OECD is trying to introduce new rules to stop crypto being used to stash assets out of sight of the taxman.
2022-5-24 23:08 | |
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The rise in crypto adoption has brought taxation, sometimes even before the government forms clear rules to protect users in the space. Long regarded as one of the last crypto tax havens in Europe, Portugal is on the brink of shedding the label as the government prepares a tax framework for the asset class. Portugal […]
2022-5-20 16:06 | |
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Plans to share bitcoin data with foreign tax authorities may be hard to adapt to transparent, decentralized blockchains – but once in place, new rules are hard to shift.
2022-5-19 12:51 | |
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Amendments to the tax code have passed the first round of parliamentary consideration in February.
2022-4-20 13:46 | |
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Crypto trading volume at India-based exchanges fell to its lowest levels in recent years after the country’s new crypto tax rules came into effect on April 1, according to data from crypto research firm Crebaco.
2022-4-15 13:25 | |
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Multiple reports show weighty selling and drop in trading volumes across major exchanges in India. It follows the recent enforcement of the country's new crypto tax rules.
2022-4-10 19:29 | |
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India’s new crypto tax policy, which is based on gambling and lottery ticket win tax rules, is set to come into effect on April 1.
2022-4-1 12:36 | |
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The new tax proposals are set to formally become law on Thursday amidst little hope that the government may soften the tax blow.
2022-3-24 20:33 | |
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Any easing of the government's stance on crypto taxation will be contained in amendments to the bill.
2022-3-24 17:37 | |
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Details of overseas crypto holdings would be shared with home tax authorities under the planned extension of rules intended to bust financial secrecy.
2022-3-22 16:57 | |
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The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.
Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.
The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.