2018-12-3 17:00 |
The tax authority in Thailand is testing a blockchain system that tracks value-added tax (VAT) invoices and potentially eliminate fakes. origin »
Bitcoin price in Telegram @btc_price_every_hour
|
All three of Thailand's tax departments reportedly aim to improve tax revenue collection using blockchain technology.
2020-12-7 13:19 | |
|
|
The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023.
2020-10-16 04:29 | |
|
|
The Excise Department is working with Krungthai Bank to develop a blockchain-based tax refund system. This department is also seeking ways to integrate blockchain technology in the tobacco, liquor, and other industries.
2019-11-26 22:24 | |
|
|
The South Korean government is giving the blockchain industry a tax break in a bid to help foster innovation in decentralized technologies. The Ministry of Strategy and Finance has announced that blockchain will be included in its amendments to 2018 tax law, which sees companies receive benefits for innovating with certain technologies, reports The News Asia.
2019-1-10 17:26 | |
|
|
The tax authority in Thailand is testing a blockchain system that tracks value-added tax (VAT) payments and potentially eliminate fakes.
2018-12-3 17:00 | |
|
|
A blockchain firm has welcomed the agreement between the Israeli Tax Authority and Bits of Gold to provide cryptocurrency investors data to the government.
2018-7-10 17:03 | |
|
|
A new taskforce involving five countries’ taxation regulators was announced on Monday, July 5. The announcement by the Inland Revenue Service (USA) will aim to increase cooperation between the United States of America, the Netherlands, Australia, Canada, and the United Kingdom in order to combat crimes committed using cryptocurrencies, specifically tax evasion.
2018-7-9 14:59 | |
|
|
The Uzbek president has signed a decree on the integration of blockchain into governmental agencies in order to modernize administration, stimulate the economy
2018-7-5 03:37 | |
|
|
The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.
2018-7-3 23:28 | |
|
|
Following news that the Swiss Bankers Association (SBA) has created a working group dedicated to helping local blockchain companies open bank accounts, we thought readers might be interested in comments from Gianluca Giancola, Co-founder of Zug-based blockchain-powered loyalty ecosystem qiibee.
2018-6-29 20:18 | |
|
|
Brief history of crypto regulation in South Korea South Korea has been closely regulating the crypto industry. The demand for crypto was so high that cryptocurrencies were traded at prices more than 30 percent higher than in other countries.
2018-6-29 16:34 | |
|
|
Between investment portfolios, asset management, and regular conversations about HODLing, there isn’t much talk of charitable deeds. Cryptocurrency has been tarnished with many brushes, from criminal use to tax evasion and selfish personal gain.
2018-6-29 00:00 | |
|
|
South Korea finally responded to recent rumors stating that it will impose a 10 percent tax on cryptocurrency trading profits. According to a recent report, the country’s Ministry of Finance had already denied the existence of such a taxation scheme.
2018-6-26 14:49 | |
|
|
In line with the new Japanese crypto-philosophy, which is sure to allow the blockchain revolution to flourish in Japan, authorities are now looking towards reducing current cryptocurrency tax rates, in order to introduce a new tax standard, which will see investors and traders pay tax at a fairer and less aggressive rate.
2018-6-26 14:00 | |
|
|
The Securities and Exchange Commission (SEC), recently, noted that Bitcoin and Ethereum could not be considered “securities. ” While this made investors cheer, there is still one complicated regulatory battle they have to win.
2018-6-22 14:31 | |
|
|
Carlos Torres, CEO of Spanish bank BBVA, said blockchain technology is “not mature” and faces major challenges, el Economista reported June 18. According to Torres, the main challenges for blockchain are the “volatility of underlying currencies” and possible compatibility issues with tax authorities and financial regulators. Banco Bilbao Vizcaya Argentaria (BBVA) is a northern Spanish
2018-6-20 05:34 | |
|
|
FTX agreed to pay the Internal Revenue Service $885 million to settle a $24 billion tax claim the agency levied during bankruptcy proceedings.
MicroStrategy CEO and Bitcoin supporter Michael Saylor has agreed to the largest income tax settlement deal in Washington D.C.'s history.
According to an unsealed U.S. Department of Justice indictment, early Bitcoin investor Roger Ver was charged with tax evasion and arrested in Spain.
Crypto investigations are no longer focused on money laundering as about half of the crypto probes in 2022 involved tax, the IRS says. As per a Bloomberg report, Jim Lee, head of the Internal Revenue Service’s (IRS) criminal investigation division…
The government of Cheongju City, located in the central region of South Korea, is looking to confiscate virtual assets such as Bitcoin from tax evaders. According to a local media report on August 22, the city authorities sought cooperation from seven crypto exchanges, including Upbit and Bithumb, to punish these delinquents. These exchanges have been […]
Cardano investors in Japan have come under scrutiny after authorities reported that investors in the asset had underreported their taxes from their trading activities. It was reported that multiple cities in the country had seen profits from trading in Cardano’s native token ADA but had not reported the earnings made from investing in the digital asset.
Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings.