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Duma Committee Chief Throws up Roadblock to Russia’s Crypto Tax Plans
25.2.2021
A parliamentary legislation committee leader has stated that there is a need to provide with legal status and legally binding definitions for crypto-related terms in Russia before proceeding with further tax-related lawmaking and regulation. The move potentially throws a spanner into the works...
South Korea fastracks 20% tax on Bitcoin and crypto profits to 2022
22.2.2021
After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation
Switzerland’s ‘Crypto Valley’ Has Started Accepting Bitcoin, Ether for Tax Payments
18.2.2021
Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs
Swiss canton of Zug starts accepting tax payments in cryptocurrency
18.2.2021
The Swiss canton of Zug is now accepting Bitcoin and Ether for tax payment from local companies and individuals
Russia’s Crypto Tax Bill Passes First Reading at State Duma
17.2.2021
The bill proposes to recognise cryptocurrency as property for purposes of taxation
Russian Parliamentary Committee OKs Crypto Tax Bill, but Flaws Remain
16.2.2021
Russia has moved a step closer to imposing a system of crypto tax, after the country’s parliament, the State Duma, approved a much-maligned crypto tax bill in the first reading at the committee stage – although the story is unlikely to end there.
As previously reported, the country’s first...
Russia’s Lower House to Consider Bill on Crypto Taxation This Week
16.2.2021
If passed the bill would amend tax laws to recognize digital currencies as a form of property
Argentinean Prosecutor Investigates an Alleged Bitcoin Scam Ganancias Deportivas
16.2.2021
In Mendoza, Argentina, law enforcement launched an investigation against a sports-related investment site for presumably being a bitcoin scam. Among the inquiries, authorities are investigating if they’re involved in money laundering and tax evasion. Platform Claims to Invest Customer’s...
Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, Allow Tax Payments in BTC
12.2.2021
The U.S. city of Miami is going full bitcoin. The city commissioners have voted to support the mayor’s resolution to allow payments in bitcoin for salaries, taxes, and fees. The city also supports efforts to make bitcoin an acceptable currency for potentially investing in the state treasury....
Bitcoin Developer Fund Brink Is Granted Tax-Exempt Status
10.2.2021
U.S. bitcoiners can now make tax-exempt donations to fund Bitcoin development
Bitcoin core non-profit gets approved for tax exemption, perks for donors
10.2.2021
501(3)(c) status boosts the project's legitimacy as well as its efficiency in using donations
Russia Looks to ‘Tighten Control’ over Crypto Traders with New Tax Measures
9.2.2021
Crypto industry experts in Russia have warned that government agencies are gearing up for a regulatory drive that will see it “tighten control” over crypto, enforcing tough new tax protocols and enhancing its monitoring of transactions.
Per media outlet RIA Novosti, industry sources have claimed...
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...
Spanish Tax Body Will Force Citizens to Declare Overseas Crypto Holdings
6.2.2021
The Spanish Tax Agency – known in the nation as the Hacienda – has announced its intentions to step up its monitoring of crypto, and will move to force citizens and residents alike to declare their bitcoin (BTC) and altcoin holdings, even if those are held on overseas-based platforms.
Per...
Spanish Treasury Releases Guidelines to Minimize the Risk of Tax Evasion With Cryptocurrencies
5.2.2021
The State Agency for Tax Administration of Spain published guidelines to reduce tax evasion for cryptocurrencies, such as bitcoin. The document is part of the general program of the so-called Annual Tax and Customs Control Plan. Spanish Tax Authorities Could Ask Local Exchanges for Customers Data...
Argentinian Province Introduces Sweeping Crypto Tax Laws
5.2.2021
The central province of Córdoba, Argentina, appears to have had enough of waiting for the national government to act on crypto tax – and has instead moved to introduce a local tax on the crypto activities of its residents.
Per CBA24n, the provincial legislature has voted in favor of a new bill that...
US Library of Congress report highlights proof-of-stake tax blindspot
4.2.2021
The taxman still isn't wise to cryptocurrency earnings made through proof-of-stake. But that could change soon
South Africa’s Tax Agency Is Clamping Down on Crypto Users: Report
4.2.2021
The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report
US Library of Congress Says Most Countries Lack Clear Tax Guidance on Crypto Staking
4.2.2021
Out of 31 nations, only 5 have tax guidance addressing cryptocurrency rewards via staking, a study found
South African Taxpayers Who Fail to Disclose Income From Cryptocurrency Trading Face Possible Jail Time
4.2.2021
According to a report, the South African Revenue Service (SARS) has sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. Taxpayers that fail to correctly disclose their income from bitcoin or other cryptocurrencies may be “liable to a fine...