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Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force
7.1.2021
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official. First proposed in August 2020, the digital service...
India Considers 18% GST on Bitcoin Transactions
29.12.2020
The Indian government is reportedly mulling over imposing an 18% goods and services tax (GST) on bitcoin transactions. According to the Central Economic Intelligence Bureau, the government could gain Rs 7,200 crore annually from this bitcoin taxation. 18% GST on Bitcoin Trades The Central Economic...
Israeli Tax Authorities Notify Cryptocurrency Owners to Disclose Their Holdings for Taxation Purposes
26.12.2020
The revenue collector, the Israel Tax Authority (ITA) has reportedly sent notifications to dozens of Israelis who own digital currencies asking them to fully disclose their assets and be taxed accordingly. In addition to sending letters to local citizens, the tax body has also sent inquiries...
How the IRS tracks down people who don’t report their crypto
30.10.2020
The United States tax authority doesn't seem to be very efficient when it comes to tracking down who owes crypto taxes — for now
Tax professional explains the most important thing for US crypto holders
29.10.2020
Tax season is confusing, especially when it comes to crypto
Winklevoss’ Gemini exchange to count crypto taxes in real time
29.10.2020
TaxBit’s tool will allow Gemini customers to increase their tax refund
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
16.10.2020
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital...
OECD calls out countries for their inconsistent rules on crypto taxation
14.10.2020
The report suggests giving preferential tax treatment to PoS over PoW-based crypto assets
EU removes this crypto hotspot from tax haven blacklist, clearing path for further adoption
6.10.2020
Yet, the biggest crypto hub remains on the blacklist
PwC’s global crypto tax report reveals the need for further regulatory guidance
2.10.2020
The majority of global jurisdictions have crypto asset taxation guidelines, yet additional frameworks are required to keep up
New Zeland's tax authority grills companies for info on crypto users
28.9.2020
If it's a taxable event, authorities want to know
Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law
26.9.2020
Israeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale...
The IRS wants to tax every penny of your crypto, US government memorandum says
1.9.2020
That will be confusing for some, and unsurprising for others
Free Market Family: Goldbug Peter Schiff Asks the Bitcoin Community to Gift Crypto to His Son
29.8.2020
The American libertarian, economist and financial commentator Peter Schiff has been criticizing bitcoin for years, as he believes “bitcoin has no real value.” However, on Thursday Schiff asked the crypto community to give some bitcoin to his 18-year old son Spencer for his birthday...
US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space
6.8.2020
A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking. These politicians believe America’s ingenuity can help drive this promising staking technology. The four congressmen are Bill Foster (D) of Illinois...
IRS Tax Warnings on Ethereum’s Fifth Anniversary
5.8.2020
Since the time Ethereum was born, the crypto-tax landscape has dramatically changed, and that is where we are now
Tokenization Holds the Key to Sustainable Platform Business Model Growth
27.7.2020
In a global economy becoming more and more digitized, blockchain-based tokenization could become a powerful and even perfect tool
Things to Consider When Giving Crypto to Charities or Others
25.7.2020
Here are some important things to know before giving donations in cryptocurrency for charitable purposes
South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
23.7.2020
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance...
Crypto Tax Disclosures Can Help With Internal Revenue Service
21.7.2020
Disclosure sounds like it exposes you to extra IRS audit risk, but if it’s done properly, disclosure can actually reduce your risk