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Nalezeno "Crypto Taxation": 61

India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions

1.2.2022
The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these...

Crypto taxation could deter investors, says Thai ruling party MP

21.1.2022
Thai ruling party MP calls for due diligence from Excise Department to study the crypto market carefully before imposing any tax

Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23

10.1.2022
An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else...

Finance Committee Approves Legislation Delaying Crypto Tax in South Korea

30.11.2021
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead...

Slovenia Launches Public Consultations on Crypto Taxation Law

28.10.2021
Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to Amend Tax Rules...

Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency

31.8.2021
The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify...

Treasury Secretary Yellen Privately Lobbies Against Tax Amendment Crypto Industry Wants: Report

7.8.2021
U.S. Treasury Secretary Janet Yellen has reportedly raised objections to lawmakers about the cryptocurrency tax amendment to the $1 trillion infrastructure bill that is supported by the crypto community. The White House subsequently announced its support for a competing amendment. Yellen Exerting...

Coinbase CEO Brian Armstrong says proposed crypto tax rule makes no sense

5.8.2021
The crypto exchange boss is the latest to decry plans to enact sweeping changes to cryptocurrency tax reporting in the United States

Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds

4.5.2021
Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans...

Russia’s Crypto Tax Bill Passes First Reading at State Duma

17.2.2021
The bill proposes to recognise cryptocurrency as property for purposes of taxation

Russia’s Lower House to Consider Bill on Crypto Taxation This Week

16.2.2021
If passed the bill would amend tax laws to recognize digital currencies as a form of property

Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations

16.10.2020
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital...

OECD calls out countries for their inconsistent rules on crypto taxation

14.10.2020
The report suggests giving preferential tax treatment to PoS over PoW-based crypto assets

Ernst & Young Launches Application to Help US Crypto Investors With Tax Filings

20.6.2020
Ernst & Young (EY) has introduced a new application that helps U.S. cryptocurrency traders calculate and file their taxes with ease. The EY Cryptoprep app, a Software as a Service (SaaS) web-based crypto tax engine, helps users calculate crypto-related gains and losses that have to be reported...

Government Confirms Crypto Profits Not Taxable in South Korea

2.1.2020
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend...

Around the World in 2019 — A Landmark Year for Crypto Taxation

28.12.2019
US, UK, France, Australia and many more – a glance of crypto tax legislation worldwide in 2019

Poles Hit With Backdated Tax on Crypto Trades

16.12.2019
Crypto traders in Poland have been unpleasantly surprised with a controversial tax they thought they wouldn’t have to pay. The Civil Law Transactions Tax (PCC) is applicable to digital asset trades conducted before the introduction of last year’s moratorium on its collection, the Polish...

Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency

9.12.2019
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto...

New crypto taxation guidelines for the UK

5.11.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 4 November, 2019 Help others “As you grow older, you will discover that you have two hands, one for helping yourself, the other for helping others.” – Audrey Hepburn Welcome back, CoinMarketCap army! Let's […] The post New crypto...