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Nalezeno "Taxation": 294

Senators add crypto taxes to infrastructure deal to raise $28B in extra revenue

29.7.2021
U.S. lawmakers believe they can find $28 billion worth of infrastructure funding by expanding taxation on crypto transactions

Ukraine Unveils Roadmap to Integrate Cryptocurrencies by 2024

23.7.2021
Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration. The authors of the new strategy want to see half of Ukrainians using digital currencies by 2024. The East European nation is expected to regulate its crypto space by...

Turkish Draft Law Regulating Cryptocurrencies Enters Parliament in October

21.7.2021
The Turkish government has prepared a bill designed to implement new regulations for the country’s crypto space. The legislation, which will be filed in the parliament this fall, will introduce taxation for crypto holdings and specific capital requirements for companies operating with digital...

Tennessee city wants to accept property tax payments in Bitcoin

16.7.2021
Jackson Mayor Scott Conger believes that Bitcoin is the only solution to fix inflation and the U.S. dollar devaluation

Crypto staking rewards and their unfair taxation in the US

11.7.2021
The U.S. Internal Revenue Service appears to be blinded by its own enthusiasm on crypto taxation, instead creating an excessive financial burden

Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May

30.5.2021
Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that...

Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

29.5.2021
Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers...

Elon Musk Invented Bitcoin, if You Ask Half of Australians Polled by Finder

20.5.2021
Australians have been learning more and more about cryptocurrencies but it turns out some myths and misconceptions are still widespread among the general public Down Under. As a most stunning example, over half of the participants in a new poll by Finder believe Elon Musk invented the first crypto...

Argentinean Tax Body Asks Domestic Cryptocurrency Exchanges to Report Monthly Transactions and Wallet Balances

14.5.2021
The local tax authority could soon hunt tax evaders who trade cryptocurrencies in Argentina following a notice sent to domestic crypto exchanges. The Federal Administration of Public Revenue (AFIP) ordered them to report all virtual currency-related transactions every month. Payment Gateways...

Hungary to Cut Tax on Crypto Profits in Half, Down to 15%

12.5.2021
The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with...

Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds

4.5.2021
Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans...

Employees of Korea’s financial regulator ordered to report crypto holdings

27.4.2021
Korea is strengthening its crypto regulations, imposing reporting requirements on all employees of its Financial Services Commission

Seoul government seizes $22M worth of crypto from tax evaders

23.4.2021
The City of Seoul becomes the first city in South Korea to confiscate cryptocurrencies owned by tax delinquents

Bridgewater’s Ray Dalio Warns Government Could Restrict Bitcoin Investments, Impose ‘Shocking’ Taxes

21.3.2021
The founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm, has warned that the government could “impose prohibitions against capital movements” into assets such as bitcoin. He added that regulators may also impose changes in taxes that...

South Korean Tax Agency Identifies Over 2,400 Evaders Who Used Cryptocurrencies to Bypass Taxation

17.3.2021
South Korean authorities seem to be focusing on strengthening measures to combat tax evasion across the nation. The country’s tax watchdog profiled thousands of evaders that relied on cryptocurrencies to hide assets worth billions of Korean won. Evaders Hid a Total of $32.24 Million in Assets...

Russian Bill to Recognize Cryptocurrencies as Property Advances in Parliament

22.2.2021
Russia’s parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies but income from their activities will also be subject to taxation. Cryptocurrencies to Be Considered Property in Russia...