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Iranian Crypto Miners Tax Exempt If They Repatriate Offshore Earnings
12.9.2019
Iran's National Tax Administration states that cryptocurrency miners will be eligible for a repatriation tax exemption, similar to non-oil exports
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...
IRS Expands Penalties: Which Tax Mistakes Are Better Not to Commit
2.9.2019
With crypto, the IRS is digging hard, investigating both tax evasion and just poor compliance. What the IRS considers “willful” vs. “non-willful” tax flubs have huge consequences
Portugal Tax Authority: Bitcoin Trading and Payments Are Tax-Free
29.8.2019
Portuguese tax authorities clarified that both crypto trading and payments in crypto are not taxed in the country
Crypto Salaries Gain Regulatory Recognition Around the World
29.8.2019
Salaries paid in decentralized digital coins have become a norm across the crypto industry, but there’s really no reason why cryptocurrencies can’t be used for remuneration by businesses in other sectors as well. In many jurisdictions that should be legal even in the absence...
‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders
26.8.2019
The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency....
IRS Sends New Round of Letters to Bitcoin and Crypto Holders
25.8.2019
Here we go again? Did you get the CP2000 notice from the U.S. IRS? Here is what you should know
Coinberry Says that Accepting Bitcoin as Payment for Taxes is six times Cheaper than Bank Card Payments
23.8.2019
Toronto-based Crytpo currency exchange, Coinberry’s co-founder, Evan Kuhn, expressed that accepting BTC (Bitcoin) for taxes is more effective than utilizing bank card payments. A recent report from real estate news outlet Mansion Global, Kuhn said his organization takes much lower charges than...
Bitcoin Payments 6x Cheaper for Municipalities, Says Canadian Exchange
23.8.2019
Canadian crypto exchange allows locals to save on taxes via BTC payments
Judge Rejects Multimillion Dollar Asset Plea in Vanbex Crypto Fraud Case
20.8.2019
A Supreme Court judge in Canada has upheld the seizure of assets in a crypto fraud case
The Most Important Aspect of Bitcoin Is the Separation of Money and State
19.8.2019
Many cryptocurrency supporters believe the technology allows for the separation of money and state in a manner that’s never been seen before. Governments inflict two forms of robbery against nonviolent citizens by forcing them to pay taxes while also stealing from them silently through...
IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear
17.8.2019
If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February...
These Portfolio Tracking Tools Will Also Prepare Your Crypto Taxes
16.8.2019
Tax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you’ll only end up cursing your procrastination. Organize your cryptocurrency activity in advance and you’ll breeze through tax deadline day without so much...
New IRS Warning Letters Target Crypto Investors Who Misreported Trades
14.8.2019
The IRS is sending another round of warning letters to crypto users, this time to taxpayers who it thinks misreported income on exchange transactions
IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance
12.8.2019
Though the IRS has yet to publish its promised crypto tax guidance, the warning letters recently sent to 10,000 traders hint at what to expect
New Zealand Rules Receiving Income in Bitcoin is Legal, Taxable
12.8.2019
New Zealand's tax authorities have ruled that income in cryptocurrencies is legal and provided guidance on how exactly it should be taxed
Hodler’s Digest, Aug. 5–11: Naughty North Korea, India’s Bombshell, LTC Flops
11.8.2019
In this week’s Hodler’s Digest, Litecoin’s halving fails to boost prices — and the scale of North Korea’s crypto hacks emerges
Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC
9.8.2019
Taxes. The one word that can kill any buzz in seconds flat. Whether you’re a libertarian ranting about how taxation is theft or one of those fabled creatures who is actually happy to file them as their so-called civic duty, one fact remains: those who don’t give the government a bite...
Crypto Tax Bill Introduced in the US House of Representatives
7.8.2019
A U.S. lawmaker has introduced a bill that, once law, would free up cryptocurrencies from double taxation under current regulations
Israel’s Bitcoin Investors Unable to Pay Taxes Due to Deposit Refusal by Banks
7.8.2019
The Bitcoin investors in Israel are finding it hard to pay their taxes because Israeli banks are refusing to accept deposits acquired from digital currency investment returns. As reported yesterday by Israel’s local news outlet Haaretz, the banks in Israel are worried that the profits gained from...