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China Fines Bitmain $3.6 Million for Tax Violations, Report
13.4.2023
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income...
Spanish tax agency to send over 328K notices to crypto holders
12.4.2023
According to fiscal authority, the number of potential taxpayers who failed to declare their crypto assets rose by 40% in a year
2023’s Bitcoin Obituaries: Bitcoin Defies 6 Death Predictions With 80% Price Increase Since End of 2022
11.4.2023
It’s been more than 100 days since the end of 2022, and the price of bitcoin has risen more than 80% since then. Over the past 30 days, bitcoin has increased by more than 45% against the U.S. dollar. Despite its recovery this year, after a long crypto winter in the previous year, the Bitcoin...
Bitcoin mining firm Bitmain reportedly fined for tax violations in China
11.4.2023
Bitmain has reportedly failed to pay personal income taxes in accordance with China’s laws on the administration of tax collection
New R&D tax rules could bankrupt your blockchain startup
11.4.2023
A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes
Study claims 99.5% of crypto investors did not pay taxes in 2022
7.4.2023
Finland and Australia had the highest proportion of tax-paying crypto investors, while the United States ranked 10th on the list, according to the study
Ethereum projects unite to protect users from MEV-induced high prices
5.4.2023
In total, 27 Ethereum projects joined the initiative as launch partners, which includes Balancer, Gnosis DAO, Shapeshift, and StakeDAO, to name a few
Bitcoin Profits Deemed Taxable by Denmark’s Supreme Court
1.4.2023
Profits from the sale of cryptocurrencies like bitcoin are taxable, according to two rulings by the Supreme Court of Denmark. The verdicts in the cases, which involve crypto purchases and payments as well as income received from bitcoin mining, uphold decisions of lower courts. Denmark’s High Court...
Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025
1.4.2023
Tax exemptions for companies and individuals legally working with cryptocurrencies in Belarus will remain in place until Jan. 1, 2025. A new presidential decree extends the tax cuts introduced in 2018 when the executive power in Minsk legalized crypto activities such as mining and trading. Belarus...
El Salvador removes all taxes related to tech innovation for economic growth
1.4.2023
Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador
How Will NFTs Be Taxed? Understanding the IRS' New Proposed Guidelines
31.3.2023
Tax experts weigh in on how the IRS will decide if NFTs are collectibles
Bitcoin profits are taxable in certain cases, says Denmark's supreme court
30.3.2023
The country's supreme court released two decisions for cases in which different crypto users gained profits from sales of BTC “made for the purpose of speculation” and mining
Staking gains shouldn't be taxed until they're sold
28.3.2023
We don’t tax houses while they’re under construction, and we shouldn’t impose taxes on cryptocurrency while it’s staked
El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations
24.3.2023
The bill will strip technology innovations such as software programming, coding, apps and Artificial Intelligence development from tax obligations on income, property, capital gains and import tariffs, Bukele said in the tweet
This Dating Sim Will Help You File Your Taxes
22.3.2023
Filing taxes suck. If it weren’t for the sweet reward of a tax refund, many of us probably wouldn’t be filing our taxes (which are due on April 18th) at all this year to avoid the headache of leafing through physical and electronic paperwork. Luckily, there’s a new dating simulator that’ll help...
Chinese Employees Pay Social Insurance Fees, Taxes with Digital Yuan – Is CBDC Adoption on the Rise?
22.3.2023
A growing number of Chinese employees and firms can now use the nation’s Central Bank Digital Currency (CBDC) – the digital yuan – to pay their social insurance premiums and taxes.
Per reports from the Chinese media outlets JS China and NH News, citizens in Lianyungang and other cities in...
IRS calls for public feedback on taxing NFTs as collectibles
21.3.2023
Those wishing to offer feedback to the IRS on having NFTs treated as collectibles such as coins or works of art have until June 19 to submit comments
IRS Seeks to Tax NFTs Like Other Collectibles
21.3.2023
Digital proofs of ownership will be taxed like the underlying assets until rules on how to treat assets in retirement accounts are finalized
Best and worst countries for crypto taxes — plus crypto tax tips
21.3.2023
So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound wealth
Argentine Tax Authority AFIP Detects Irregularities in 184 Digital Wallet Tax Statements
21.3.2023
The Argentine tax authority (AFIP) is increasing its scrutiny when it comes to digital wallets. The institution recently revealed it found irregularities in at least 184 tax statements that include digital wallets and cryptocurrencies. These taxpayers did not include their wallet holdings as part...