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South Korea is Exploring New Crypto Tax Laws
27.5.2020
The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law
South Korean Crypto Tax ‘Coming Next Year for Traders, Miners & ICOs’
27.5.2020
South Korean ministries have pledged to impose tax on cryptocurrency trading and crypto mining “from next year.”
Per reports from E Daily and Decenter, the Ministry of Economy and Finance is preparing to make an amendment to the existing Income Tax Act that will include clauses about taxing...
Guide Highlights Patchwork of Crypto Tax Laws in Latin America
7.5.2020
New research has highlighted a patchwork of laws, confused regulations and unusual concepts governing crypto taxation in Latin America
Fifth-Largest US Accounting Firm Partners With Crypto Tax Tech Company
13.4.2020
Clients of RSM will receive access to Lukka’s crypto tax and accounting software
Polish Politicians and Bitcoin Enthusiasts Clash Online over Crypto Tax
9.4.2020
The Polish government has come under fire for introducing coronavirus-mitigating legislation that includes suspending a new 1% civil law transactions tax (PCC) on crypto purchases and sales.
A number of opposition politicians have criticized the government, claiming there are other groups besides...
Politician Challenges Japanese Gov’t on Crypto Tax Rate, Urges Review
7.4.2020
Shun Otokita. Sourse: a screenshot, Instagram/otokitashun
A Japanese lawmaker has challenged the government on its crypto tax rate policy, claiming that the current rate of taxation on crypto-related profits is “too high” – claiming that “investors are moving their money overseas” rather than...
CoinTracker Adds 6 Industry Partnerships for Its Crypto Tax Reporting Tool
2.4.2020
The crypto tax reporting app provider has partnered with a number of prominent blockchain industry names including ErisX, Lolli and Casa
Spain’s Tax Authority Sending Notices to 66,000 Cryptocurrency Owners
2.4.2020
The Spanish tax authority has reportedly started sending notices to about 66,000 cryptocurrency owners in the country. This number represents a massive increase from the 14,700 tax letters the agency sent to crypto owners last year. The letters will continue to be sent until the end of June despite...
Crypto.com Simplifies Crypto Tax Reporting for Its Users
24.3.2020
Crypto.com has partnered with CoinTracker, TokenTax and CryptoTrader.Tax to automate crypto tax reporting
CoinTracking.info Helps Crypto Traders Avoid Costly Tax Mistakes
10.3.2020
CoinTracking.info, the world’s most popular cryptocurrency tax software, is announcing the launch of a new service aimed at helping crypto traders avoid a common tax-time mistake: submitting incomplete or incorrect data to the IRS.
The post CoinTracking.info Helps Crypto Traders Avoid Costly...
IRS Crypto Tax Return Question — Be Careful How You Answer
24.2.2020
If you received, sold, sent or exchanged any virtual currencies last year, the IRS has to know
Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...
IRS Refused to Clarify That Its Crypto Tax Guidance Isn’t Binding, US Watchdog Says
13.2.2020
The IRS has refused to clarify that part of its 2019 guidance on tax treatment of cryptocurrencies is not binding, a government watchdog said
Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators
10.2.2020
For crypto owners looking to estimate how much they owe in taxes, there are some platforms with a free crypto tax calculator. They integrate with major crypto exchanges and wallets, allowing you to import your crypto transaction data and start calculating your taxes for free. Some of them also...
South Korean Bankers, Crypto-advocates Hope to Drive Crypto Tax Law
4.2.2020
South Korea is inching closer to crypto tax legislation after a gathering of bankers, politicians and blockchain industry officials appeared to reach a consensus at a meeting held at the country’s parliament in Seoul.
Per Jose Ilbo, the event was co-chaired by the Korea Blockchain Association,...
IRS Explains What Crypto Owners Must Know to File Taxes This Year
2.2.2020
Kicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. The IRS expects more than 150 million...
Crypto Tax Software Developers Get Serious About System Standards
31.1.2020
A growing number of crypto tax software developers are trying to bolster their products’ technical credibility with the CPA’s stamp of attestation
Are You Ready for the New Crypto Tax Season?
29.1.2020
Crypto tax season has started: Here are Cointelegraph’s tips for easy and accurate reports
India Unveils National Blockchain Strategy, Calling on RBI to Issue Digital Currency
29.1.2020
India’s National Strategy on Blockchain has been published. It recommends, among other things, for the Reserve Bank of India (RBI) to issue a central bank digital currency. The Ministry of Electronics and Information Technology tasked the National Institute for Smart Government with drafting...
Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion
25.1.2020
Industry commentators speak out over the shrinking anonymity in crypto: “There was no chance that such a growing industry would escape unnoticed”