Search
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...
South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb
30.12.2019
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles...
India’s Income Tax Department Is Secretly Training Its Officials to Investigate Cryptocurrencies
18.12.2019
We got a copy of the Indian tax authority’s secret training manual for cryptocurrencies
How Society Thrived Before Mass Taxation, and How It Still Can
12.11.2019
Many people in the U.S. and elsewhere think of the income tax as some kind of timeless staple of society. The truth is, it was only first instituted in the United States as a permanent fixture in 1913. It stands to ask then, how all the progress that was made prior and the bustling growth...
Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland
26.10.2019
Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read:...
Why Portugal’s Tax-Free Crypto Trading Matters for Bitcoin
3.9.2019
Cryptocurrency enthusiasts and businesses in the industry have had to put up with regulatory uncertainty for quite some time. The strong desire to tap into their incomes and profits goes hand in hand with failure on behalf of authorities and regulators to fully understand the nature...