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Nalezeno "Crypto tax": 550

South Korean Crypto Tax ‘Coming Next Year for Traders, Miners & ICOs’


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...

Polish Politicians and Bitcoin Enthusiasts Clash Online over Crypto Tax


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


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...

Spain’s Tax Authority Sending Notices to 66,000 Cryptocurrency Owners


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...

CoinTracking.info Helps Crypto Traders Avoid Costly Tax Mistakes


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...

South Korean Bankers, Crypto-advocates Hope to Drive Crypto Tax Law


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


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...

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