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Nalezeno "Tax": 1820

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...

Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey

9.1.2022
The government in Turkey does not intend to impose a 40-percent levy on crypto-related gains as has been alleged, members of the ruling AKP party have indicated to the local press. They have also emphasized that the current regulatory efforts are aimed at creating a sustainable environment for...

Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils

7.1.2022
Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After last year’s significant market growth, the department intends to improve surveillance...

Time to ‘Resolve All Crypto Issues’ Says Russian Parliament

7.1.2022
  Russia’s parliament, the State Duma, has said that it wants to “resolve all legal issues with cryptocurrency” – by defining legal terms for cryptoassets, mining, and more. And the chief architect of crypto-related legislation in the country has noted that it is time for miners to start paying...

Indian Authorities Raid Cryptocurrency Exchanges for Tax Evasion

1.1.2022
India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax (GST) evasion has been detected by DGGI.” Tax Authorities Say Cryptocurrency Exchanges Have Been...

Donated or Inherited Virtual Assets to Be Taxed by South Korea’s NTS

31.12.2021
Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Korea’s National Tax Service has said. Dunamu, Bithumb Korea, Korbit, and Coinone are the new virtual asset service providers (VASPs) tasked with evaluating digital assets for such...

South Korea to Tax Crypto Gifts, Inheritances, Plans Crackdown on Manipulators

29.12.2021
  The South Korean tax body has announced plans to start taxing crypto gifts and inherited tokens – although taxes will need to be paid in fiat using complicated-sounding methods. And Seoul has also announced that it will intensify its crackdown on crypto market manipulation.... Read More: South...

Roblox CEO Outed For Using Completely Legal, Completely Ridiculous Tax Dodge

29.12.2021
Game-making platform and fledgling metaverse Roblox made the news yesterday as the focus of a New York Times report about a ‘90s era tax cut that’s spun out of control. Originally created to foster investment in small businesses, the Qualified Small Business Stock, or Q.S.B.S., exemption...

5 Platforms Offering Relief to Your Crypto Tax Headache

27.12.2021
Let’s face it. Cryptocurrencies and taxes are the world’s biggest headache for financial professionals and just about everybody. Governments are yet to catch up with and figure out which cryptocurrency project belongs to which asset class. So, the rules are so many and so confusing that...

UK Regulator Calls Foul On Arsenal FC Fan Token Ads

22.12.2021
  London-based football club Arsenal FC has drawn the ire of the UK advertising watchdog Advertising Standards Authority (ASA) for what the regulator calls “taking advantage of consumers’ inexperience in cryptoassets.” The regulator banned Facebook and website posts in which the football side...

Crypto Owners in Serbia Reach 200,000 as Country Regulates Digital Assets

18.12.2021
The number of cryptocurrency holders in Serbia has climbed to around 200,000 with interest in cryptocurrencies increasing alongside growing crypto markets. The country’s decision to legally recognize digital assets this year has also contributed to their increasing popularity. Law on Digital...

DAOs, Token Holders Could Face New Tax Liabilities, PwC Report Warns

17.12.2021
  People who are part of Decentralized Autonomous Organizations (DAOs), or even holders of certain decentralized finance (DeFi)-focused governance tokens, could have tax liabilities that far exceed what they expect to see, a new PwC report on crypto taxation has warned.... Read More: DAOs, Token...

Looking for a Country with Clearest Crypto Tax Policies? Check This List

15.12.2021
The European microstate of Liechtenstein came in as the country with the clearest crypto tax policies for 2021, while Germany, coming in as number four, saw one of the best improvements since last year, a new report from consulting giant PwC has found. Following Liechtenstein, Australia and Malta...

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