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Nalezeno "30% tax": 3211

Local Tax 'First' for Digital Yuan as Pilot Continues to Broaden Scope

20.7.2022
Chinese citizens have begun using the digital yuan to pay “inter-city” tax bills – doing away with the need to conduct wire transfers to local tax authorities via banks. Per the China Securities Network and the People’s Daily, the first person to use the digital CNY in such a manner was a...

Paraguayan Senate Approves Cryptocurrency Bill

18.7.2022
The Paraguayan Senate has approved a bill that seeks to regulate cryptocurrencies and their operations in the country. The bill, which had already been submitted to the deputy chamber, was approved with some changes suggested, establishing clear definitions and tax exemptions for companies in...

Kazakhstan to Increase Bitcoin Mining Tax Rates from 2023

14.7.2022
Kazakhstan’s President Kassym-Jomart Tokayev has approved new tax rates for crypto miners – and tax bodies have been instructed to charge miners at a rate of up to USD 0.052 per kilowatt hour (kWh) as of January 1, 2023. Currently, miners have to pay a flat rate of just over USD 0.002 per...

Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners

13.7.2022
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extraction of digital currencies like bitcoin....

One Exchanges Stands Out as Indian Crypto Trading Drops Following New Tax

5.7.2022
Crypto trading volumes on major Indian exchanges saw a notable decline on July 1 compared to the day before, after a new 1% tax on all crypto transactions was implemented in the country. However, one exchange still stood out as a winner, with trading volumes rising. According to trading data from...

Indian Crypto Trading Volumes Plummet After New TDS Tax Rule Takes Effect

5.7.2022
Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges saw volumes dropping by about 80%. Crypto Trading Volumes Fall Across India The trading...

Tax Agency Starts Checking Crypto Traders in Romania

3.7.2022
Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million...

Argentinian Tax Agency Ramps Up Digital Wallet Seizures

1.7.2022
The Argentinian Tax Agency, the AFIP, has ramped up the seizures of digital wallets of taxpayers in the country. The institution managed to seize more than 1,200 digital wallets of taxpayers that had debts and didn’t have a bank account, or other properties available to be collected by...

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