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Indian Crypto Tax Move, Shorting Coinbase, FTX and Gemini in New Markets + More News
21.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Indian Crypto Tax Move, Shorting Coinbase, FTX and Gemini in New Markets + More News
Indian crypto tax policy to treat each digital asset investment independently
21.3.2022
The government intends to treat each crypto trading pair transaction separately, deterring traders as the gov't would only tax their profits without accounting for the losses
Tax expert says buying crypto is not a taxable event
14.3.2022
Purchasing crypto with fiat or any “unrealized appreciation” are not taxable events according to Thomas Shea, an EY crypto tax executive
Thailand reportedly exempts 7% crypto tax for traders on authorized exchanges
8.3.2022
The revised tax policy exempts crypto traders from the mandatory 7% VAT on authorized exchanges while offering tax exemptions of up to 10 years for crypto startup investors
A Review of 6 Crypto Tax Software Packages
2.3.2022
How to Avoid the Five Most Common Crypto Tax Mistakes I Cointelli
24.2.2022
The 2022 U.S. tax season is upon us and cryptocurrency traders need all the help they can get. Here are five common crypto tax misconceptions you should look out for, courtesy of crypto tax software provider, Cointelli. “You don’t have to pay taxes on crypto” One very common...
NFTs Are the Latest Crypto Tax Events Nobody Understands
24.2.2022
Casual collectors may be in for a rude awakening this year
4 Crypto Tax Myths You Need to Know
23.2.2022
With the U.S. tax deadline (April 18) around the corner, confusion about cryptocurrency taxes abounds. Here are some ways you might have your facts wrong, according to ZenLedger COO, Dan Hunnum. This piece is part of CoinDesk's Tax Week
Crypto Tax Prep Business Booms as Trading Surges and IRS Tightens Screws
23.2.2022
Startups that help Americans calculate their crypto taxes have been raising hundreds of millions of dollars. Even traditional tax-prep firms are rolling out crypto services
Crypto Tax Compliance Remains Minefield as IRS Leaves Key Questions Unresolved
23.2.2022
A lack of guidance on everything from staking rewards to NFTs means there’s a certain amount of guesswork involved in tax filings
Japanese Gaming Giant Enters Metaverse, BitBank Adds Lightning Amid Crypto Tax Reform Call
18.2.2022
As the Japanese crypto scene is sending more signs of adoption and investments, a blockchain business leader is calling for a crypto tax laws reform.
Here's what recently happened in the Land of Rising Crypto Sun.
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Read More: Japanese Gaming Giant Enters Metaverse, BitBank Adds...
India’s crypto tax provides little legal clarity for traders and exchanges
17.2.2022
The Indian government’s recent announcement of a 30% tax on crypto returns has sparked an industrywide discussion on its feasibility
Critics Hit Back at Colombia’s Retrospective Crypto Tax Plans
15.2.2022
The Colombian government wants citizens to declare their crypto holdings – but industry figures claim this will just force crypto advocates and their coins onto overseas platforms....
Read More: Critics Hit Back at Colombia’s Retrospective Crypto Tax Plans
Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year
8.2.2022
The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced when it comes to cryptocurrency regulation, the specifics of what will be taxed and...
ZenLedger Announces Fantom Support for Crypto Tax Reporting
8.2.2022
ZenLedger recently announced native support for the Fantom network. The integration will allow Fantom users to access crypto tax reporting services. The solutions will help the users simply calculate taxes, manage crypto portfolios, and generate needed tax documents. Given the precision...
Simple math says Russia could collect up to $13B in crypto tax each year
8.2.2022
The analytic note mentioned that the estimates are purely an overview and based on a basic tax slab of 6%, which would be quite different once regulations are set in place
'Beautiful Bitcoin Heaven' Portugal’s 0% Crypto Tax Lures In Bitcoin Family
7.2.2022
The famous Bitcoin family who is living only off of their crypto is moving to Portugal, which welcomes them with a 0% tax on cryptoassets.
The Bitcoin Family has risen to international prominence after the Dutch family of five sold everything they owned in 2017, including their house, in order...
60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’
4.2.2022
Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign Petition Urging Government to Rethink Crypto Tax Proposal A petition has been...
Thailand Relaxes Tax Rules for Crypto Investors, Scrapping 15% Withholding Tax
3.2.2022
Thailand has relaxed tax rules for cryptocurrency investors, scrapping its planned 15% withholding tax. “The revenue department did a lot of homework and reached out to crypto operators as well to get feedback … It is much more friendly to both investors and the industry,” said...
Crypto tax doesn't legalize trading, says Indian tax department chief
2.2.2022
The Indian tax department head said crypto taxation will help the department evaluate the exact depth of the digital asset market