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Nalezeno "tax": 1904

30% crypto tax becomes law in India following Finance Bill approval

31.3.2022
India’s new crypto tax policy is based on its gambling and lottery ticket win tax rules, that is set to come into effect from April 1

Argentinian Tax Agency Amps Up Scrutiny for Crypto Traders and Holders With New Requirements

30.3.2022
The Argentinian Tax Agency (AFIP) is watching the movements of cryptocurrency traders and holders, to tighten its control over their transactions. The institution is now sending emails to Argentinian citizens asking for a series of data regarding supposed cryptocurrency operations made in their...

NY Regulator To Speed Up Crypto Licensing, New Crypto ETPs, Web3 Council + More News

29.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________... Read More: NY Regulator To Speed Up Crypto Licensing, New Crypto ETPs, Web3 Council + More News

Crypto donation startup launches IRS form as US tax season loom

29.3.2022
Nonprofits are required to file IRS Form 8282 for crypto donations of $500 or more if donated funds are exchanged for the U.S. dollar

US Proposed Unrealized Gains Tax May Become 'Penalty for Being Successful' in Crypto

29.3.2022
The proposed 20% tax on unrealized gains put forward by the US Department of Treasury’s 2023 Revenue Proposal could potentially become a “penalty for being successful,” according to Shehan Chandrasekera, Head of Tax Strategy at crypto tax software specialist CoinTracker.... Read More:...

Indian Parliament Member Asks Government to Tax Crypto Income More Than 30%

29.3.2022
An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto....

Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered

29.3.2022
The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11 Crypto Exchanges Investigated for Tax Evasion The Indian government answered some...

Senate Finance Committee Chair probes “lack of safeguards” in crypto tax incentives

29.3.2022
A new push for clarity on compliance from Senator Wyden aims to ensure economically distressed communities receive promised benefits from crypto mining companies

Crypto tax rules will reduce US budget deficit by $11B over ten years — White House

28.3.2022
The budget from the Biden administration said modernizing tax rules to include digital assets will bring the government $4.9 billion in revenue in 2023

India Identifies 11 Crypto Exchanges Accused of Tax Evasion

28.3.2022
India’s tax authority first began seizing assets to address alleged tax evasion late last year

Rio de Janeiro to Allow Real Estate Tax Payments With Crypto as of 2023, Mayor Says

28.3.2022
The state administration will convert crypto payments immediately to Brazilian reais, Mayor Eduardo Paes added

Coinbase Reportedly Nears Mercado Bitcoin Purchase as Binance Readies Rio Expansion

28.3.2022
Crypto exchange giants Coinbase and Binance could be set to go head-to-head with their expansion plans in Brazil. The former is reportedly eyeing a major M&A deal to buy one of the biggest crypto exchange platforms in the Latin America region, while Binance has confirmed it will open its...

Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider

28.3.2022
An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 2022 which Lok Sabha, the lower house of India’s parliament, has passed. However...

How to Easily Prepare Your Crypto Taxes – Koinly Founder Robin Singh Explains

27.3.2022
Koinly is a tax solution for cryptocurrency investors and accountants. Anyone who owns multiple exchange accounts or wallets knows the pains when it comes to declaring taxes. Koinly was built to solve this very problem – by integrating with all major blockchains and exchanges Koinly reduces...

10 Non-Crypto Ways to Make Money in Crypto

26.3.2022
The cryptoverse offers a wide variety of ways to earn an income. From mining and staking to yield farming and selling NFTs, there’s seemingly something for anyone tech-savvy enough to make crypto work for them. But there are also non-crypto ways to make money in crypto. Read on to discover...

Nevada Man Pleads Guilty in $722 Million Fraudulent Cryptocurrency Scheme

26.3.2022
A Nevada man has admitted his role in laundering funds solicited for the Bitclub Network, a $722 million fraudulent cryptocurrency scheme. He also pleaded guilty to tax offenses. Bitclub Network Investor Pleads Guilty The U.S. Department of Justice (DOJ) announced Thursday that Gordon Brad...

The Prospects, Possibilities, and Dangers of CBDCs

25.3.2022
Suren Ayriyan is the Managing Partner and CEO at TEMPO Payments, a digital money transfer company. __________ Today, 15 countries – including China, Saudi Arabia, and South Africa – are testing their own centralized digital currencies: Central Bank Digital Currencies (CBDCs). Another...