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Nalezeno "Tax": 1902

Crypto Exchange Wants to See India Lower Tax on Trading

30.10.2023
Indian government should lower a tax on crypto transactions as it’s not fulfilling its stated purpose, a local cryptocurrency exchange said. The company blames the levy, which was introduced last year, for driving Indian crypto trading volumes to overseas platforms. Indian Exchange Expects...

Kraken to Release User Data to IRS in Compliance with June Court Mandate

27.10.2023
Kraken will provide user data to the IRS after a legal battle over crypto tax reporting. Image by Michael O’Keene, Adobe Stock.Major U.S. cryptocurrency exchange Kraken will provide limited user information to the Internal Revenue Service (IRS) next month following a court order received...

Turkey Projects Finalization of Cryptocurrency Taxes by Next Year

27.10.2023
Turkish government intends to establish a regulatory framework for crypto assets, including plans to tax these digital assets, starting 2024. The regulatory measure came as a part of the government’s 2024 Presidential Annual Program, unveiled on Wednesday. The translated document sheds light...

Russia Gov’t Wants to Use Its CBDC for Tax Collection, Paying Benefits

20.10.2023
Russia’s government intends to use the digital ruble to make welfare payments, and wants citizens to use the CBDC to pay their taxes. Per Finam, the Central Bank and the Ministry of Finance say they are “exploring the possibility of using the digital ruble for government payments,” and want...

Tax Authorities in EU to Share Transaction Data Reported by Crypto Firms

19.10.2023
New EU rules will introduce automated exchange of information on crypto revenues reported by service providers in the sector. A new directive adopted by the Union expands existing registration and reporting obligations as well as cooperation between tax administrations across the bloc. Information...

EU Adopts DAC8 – New Cryptocurrency Tax Reporting Rule To Take Effect Soon

18.10.2023
European Union (EU) finance ministers approve new regulations requiring cryptocurrency firms to share data on customer cryptocurrency holdings with tax authorities. On October 17, the EU adopted the Eighth Directive on Administrative Cooperation (DAC8), which is set to go into force in 2024....

Major Japanese Businesses Ask Gov’t to Reform Crypto Tax System

18.10.2023
Some of Japan’s biggest businesses have asked the nation’s government to make crypto tax reforms, as the country continues to pivot to Web3 and crypto. Per an official Japan Association of New Economy (JANE) announcement, the group has submitted a tax reform proposal to Tokyo. JANE has asked...

Tax Report Unveils Hundreds of South Korean Crypto Whales

16.10.2023
Data from a new South Korean tax report has revealed details of hundreds of crypto whales with millions of USD worth of coins on overseas crypto exchanges. New tax rules that came into force this year require crypto holders to declare their holdings on foreign crypto platforms.... Read More:...

Coinbase Raises Concerns Over Proposed IRS Tax Regulations on Crypto

13.10.2023
Coinbase, the largest cryptocurrency exchange, argues that the U.S. Internal Revenue Service (IRS) proposal regarding cryptocurrency tax regulations could potentially harm both the cryptocurrency industry and the privacy of American citizens.... Read More: Coinbase Raises Concerns Over Proposed...

7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule

13.10.2023
Seven U.S. senators have called on the Treasury Department and the Internal Revenue Service (IRS) to “implement the proposed crypto broker reporting rule as rapidly as possible.” The lawmakers stressed: “We are alarmed by the self-inflicted two-year delay for the rule’s implementation.” Senators...

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