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Turkey Rules out Taxes on Crypto Profits, Considers Limited Transaction Tax
6.6.2024
Turkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited” transaction tax on these assets, though the specifics...
IMF pressurizes Pakistan to levy taxes on crypto investments
19.3.2024
With the aim of normalizing Pakistan’s troubled economy and receiving financial support of $3 billion from the International Monetary Fund, they are pressurizing the country to levy appropriate taxation on crypto investments and real estate deals. During interactions between the IMF and...
India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year
1.2.2024
India has not introduced any changes to the controversial tax deducted at source (TDS) affecting the crypto industry
Japanese Cabinet Approves Tax Reform Eliminating Unrealized Crypto Gains Tax for Companies
25.12.2023
The Japanese government has approved a tax reform that removes some crypto taxes for corporations and conglomerates. The reform, discussed since early December, removes the unrealized gains taxes on crypto holdings for companies, paving the way for them to hold crypto assets more consistently....
Brazilians may soon need to stump up taxes on crypto held abroad
30.11.2023
The new rules would make income from crypto held on exchanges outside Brazil taxable at the same rate as local income
MetaMask ‘Does Not Collect Taxes On Crypto Transactions' Says ConsenSys in Push Back
22.5.2023
ConsenSys, the company behind the popular self-custodial crypto wallet MetaMask, has denied allegations that it collects taxes from users.
In a Saturday tweet, the company clarified that the rumors were based on ”inaccurate information” drawn from a misreading of MetaMask’s terms...
MetaMask does not charge taxes on crypto, clarifies amid rumors
22.5.2023
MetaMask, ConsenSys, to be more specific, has come out to clarify that the viral tweet about the company mentioning that it withholds cryptocurrency for taxes is inaccurate. Adding further to that clarification, ConsenSys has said that it does not collect taxes on transactions for cryptocurrency...
Portuguese Proposal Would Enact Taxes on Crypto Transfers, Capital Gains
10.10.2022
The country had been notable for having no crypto taxes on individuals, but the finance minister last spring had promised that stance was soon to end
Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax
15.9.2022
The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect. Binance Sees...
Law Decoded: Crypto taxes and taxes on crypto, March 21–28.
29.3.2022
Some jurisdictions are introducing digital assets as tax payment options while others levy hefty taxes on crypto gains
How to Avoid the Five Most Common Crypto Tax Mistakes I Cointelli
24.2.2022
The 2022 U.S. tax season is upon us and cryptocurrency traders need all the help they can get. Here are five common crypto tax misconceptions you should look out for, courtesy of crypto tax software provider, Cointelli. “You don’t have to pay taxes on crypto” One very common...
Joe Biden’s Proposal to Double Capital Gains Tax Rate Shakes Financial Markets
23.4.2021
The Biden administration has revealed plans to raise taxes on investors who are millionaires according to a flurry of recent reports. President Joe Biden wants to overhaul the U.S. economy in order to help fund American childcare and education. Biden’s proposal will almost double the current...
Cordoba Becomes the First Argentinean Province to Impose Taxes on Crypto-Related Activities
9.2.2021
In Argentina, a provincial legislature has voted in favor of a bill to impose new taxes on gross incomes from crypto transactions. Cordoba’s central province is now the first one to impose crypto taxes in the country, which involves crypto exchange platforms and retail traders. Approved...
Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners
11.12.2019
The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these...
Avoid State Taxes on Crypto With US Supreme Court’s Recent Trust Decision?
6.7.2019
Some investors put crypto in a trust that holds crypto assets. What are the specifics? A Tax lawyer comments