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South Korea May Review Crypto Tax Law ahead of 2021 Regulations
8.10.2020
The South Korean government said that it is conditionally prepared to carry out a review of crypto tax regulations – a year ahead of the promulgation of the country’s first crypto-specific tax law.
Per news agency Yonhap, Hong Namk-ki, the Deputy Prime Minister and the nation’s finance minister...
PwC’s global crypto tax report reveals the need for further regulatory guidance
2.10.2020
The majority of global jurisdictions have crypto asset taxation guidelines, yet additional frameworks are required to keep up
Blockchain Bites: Crypto Tax Switcheroo, Stablecoin Confusion, the Post-Capitalist Plunge
25.9.2020
Fintech giant Plaid has added support for two DeFi applications, the IRS wants to know about your crypto and stablecoins have passed the $20B milestone
Russian ministry proposes criminal charges for failure to report crypto tax
24.9.2020
To ban crypto or to tax, that seems to be the question
Targeted by IRS? What Cryptocurrency Owners Should Know
9.9.2020
The U.S. Internal Revenue Service (IRS) has started sending out new letters to cryptocurrency owners suspected of owing crypto-related taxes. A tax expert has shared with news.Bitcoin.com what crypto owners should know, including how to handle tax letters from the IRS and avoid an audit. How...
European Crypto Tax Companies Announce Merger to Power US Expansion
8.9.2020
The merger means Blockpit and Crypto Tax can look at taking their newly combined regtech offering to the lucrative U.S. market
European crypto tax firms merge in bid to expand to North American markets
8.9.2020
Another crypto merger targets tax reporting
Hacker Stole 1,000 Traders’ Personal Data From Crypto Tax Reporting Service
24.8.2020
A hacker made off with user data and financial information on more than 1,000 account holders with CryptoTrader.Tax, a crypto tax filing website
IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form
22.8.2020
The new U.S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired...
Aussie Exchanges Partner With Crypto Tax Firm as ATO Eyes Traders
29.7.2020
Popular Australian crypto exchanges Coinjar, Cointree and Swyftx have partnered with Koinly to track their clients’ tax obligations
South Korean Police Investigate Who Leaked the Crypto Tax Bill
24.7.2020
Sejong police are investigating who leaked details of the government’s crypto tax bill before it was formally announced
Crypto Tax Disclosures Can Help With Internal Revenue Service
21.7.2020
Disclosure sounds like it exposes you to extra IRS audit risk, but if it’s done properly, disclosure can actually reduce your risk
South Korean Crypto Tax Plans to Be Unveiled this Wednesday
21.7.2020
The South Korean government is reportedly set to unveil further details about its plans to introduce tax for cryptoasset holders.
Per an unsourced report by SBS CNBC, Seoul will unveil a document outlining its proposals in a Tax Law Amendment bill – to be unveiled on July 22. The bill will seek...
Even the IRS Admits Some Crypto Tax Regulations Are ‘Not Ideal’
14.7.2020
Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class
Hodlers Can Donate Crypto to Charity to Minimize Tax Payments
14.7.2020
Donating crypto means it won’t be taxed, say The Giving Block and TAXbit, which published a guide to facilitate such donations
Coinbase Exec Says Capital Will Flee US Due to Crypto Tax Laws
8.7.2020
Coinbase’s chief tax officer Lawrence Zlatkin says global customers are the future as non-U.S. jurisdictions are more open-minded
Russian Traders Gear up for ‘Head Spinning’ Crypto Tax Season
1.7.2020
The Federal Taxation Service. Russian crypto owners have been warned that they have just a month before the taxman comes calling – with miners, custodians and traders all required to declare their profits.
Although the country is likely still “a year or more” away from comprehensive crypto laws...
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...
Tax Time: Ernst & Young Release Crypto Tax App
19.6.2020
A new crypto reporting app by the big four accounting firm EY will help clients with tax reporting as the IRS cracks down on tax evasion
One Month Left to Crypto Tax Season — 5 Critical Mistakes to Avoid
18.6.2020
All you need to know to prepare for Crypto Tax Season 2020 and correctly inform the IRS about your crypto