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Nalezeno "crypto tax": 562

Denmark Tax Council recommends bill to tax unrealized crypto gains

24.10.2024
Denmark’s Tax Law Council has recommended introducing a bill that could tax unrealized gains and losses on crypto assets beginning as early as 2026

Japan’s Election Heats up With Calls for Crypto Tax Cuts and Regulatory Reforms

23.10.2024
Yuichiro Tamaki, leader of Japan’s Democratic Party for the People, is advocating for significant cryptocurrency tax reforms ahead of the general election. His party proposes a 20% tax on crypto assets and aims to promote Japan as a web3 leader. The party also supports initiatives like increased...

As Japan Election Looms, Political Parties Emphasize Need to Reform Crypto Tax Regulations

22.10.2024
Japan’s Democratic Party for the People is trying to attract crypto-conscious voters with tax system reforms. But it’s not alone

Japan’s Democratic Party Leader Promises to Cut Crypto Tax to 20% if Elected

21.10.2024
On October 20, Yuichiro Tamaki, leader of the Democratic Party of Japan, proposed that his party will slash…

Japan political party leader promises crypto tax cuts if elected

21.10.2024
The tax cut down to 20% is part of Democratic Party for the People leader Yuichiro Tamaki’s broader plan to make Japan a Web3 leader

Kenya’s Crypto Landscape Set for Major Overhaul With New Tax System

18.10.2024
The Kenyan Revenue Authority (KRA) is tightening its grip on cryptocurrency by proposing a real-time tax system integrated with exchanges. This system would track all crypto transactions, capturing details like time and value for tax collection purposes. Beyond real-time taxation, Kenya...

India’s crypto tax is a gov’t attempt to ‘displace’ the tech — Lawyer

17.10.2024
Legal practitioner Amit Kumar Gupta told Cointelegraph that the Indian government’s stance on crypto reflects a lack of understanding of the technology.

Italy to Raise Capital Gains Tax on Crypto to 42% From 26%: Reports

16.10.2024
Italy's Deputy Finance Minister Maurizio Leo has said the nation will raise taxes on capital gains on cryptocurrencies such as Bitcoin to 42% from 26%, according to Reuters and Bloomberg

South Africa’s Tax Agency Adds Crypto to Compliance Programs

13.10.2024
The South African Revenue Service (SARS) has announced plans to include crypto assets in its tax compliance programs. SARS is seeking information on crypto users and is increasing its efforts to identify and audit non-compliant taxpayers. The revenue collector urged taxpayers concerned about...

UAE Exempts Crypto Transactions From Value Added Tax

7.10.2024
The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority

UAE exempts crypto transfers, conversion from value-added tax

6.10.2024
The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions

Turkey Scraps Planned Crypto Tax, Targets Economic Reforms

27.9.2024
Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on reducing tax exemptions. This shift follows concerns about...

Turkey Shelves Additional Plans to Tax Stocks and Crypto: Bloomberg

24.9.2024
We don’t have a stocks tax on our agenda. It was discussed previously and fell from our agenda, Vice President Cevdet Yilmaz told Bloomberg, talking about plans that also affect crypto

Latam Insights: Brazilian Federal Police Cracks Down on $9.7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax Fraud

16.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency...

Brazilian Tax Watchdog Uses AI Tool to Identify Operations Linked to Over $180 Million in Crypto-Related Tax Fraud

10.9.2024
The Federal Revenue Service, the Brazilian tax watchdog, recently revealed that it has been using an in-house tool that leverages AI to detect money laundering and tax evasion transactions involving crypto. The tool has already been proven useful in identifying over $180 million in funds involved...

Japan’s finance regulator calls for lower crypto taxes in 2025

4.9.2024
Japan's Financial Services Agency has released plans to overhaul the nation's tax code which could see the tax rate for crypto assets lowered in 2025.

Nigerian Civil Society Groups Praise Crypto Tax Proposal

29.8.2024
A coalition of Nigerian civil society organizations has applauded the plan by Zacch Adedeji, head of the Federal Inland Revenue Service, to include cryptocurrencies in the tax system. The CSOs believe this move will boost confidence in the crypto market and attract foreign investors. The CSOs...