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Thai Excise Department Will Deploy Blockchain Tech to Boost Tax Collection
7.12.2020
All three of Thailand's tax departments reportedly aim to improve tax revenue collection using blockchain technology
India Plans to Tax Income From Bitcoin Investments: Report
5.12.2020
The country's income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times
Banks Should Pay Interest on CBDCs to Reduce Tax Avoidance – Report
4.12.2020
Too much stick and not enough carrot might be the wrong approach for those wishing to impose taxes on digital currencies: This was the surprising conclusion of a new report commissioned by the South Korean central bank, the Bank of Korea (BOK).
Per EDaily, the report was co-authored by Jaevin Park...
South Korea to delay new tax regime on cryptocurrencies until 2022
1.12.2020
The postponement follows a successful lobbying campaign by local crypto advocates
OECD Says It Is Working on Crypto Tax Reporting Standards for 2021
27.11.2020
The Organisation for Economic Co-operation and Development (OECD) looks set to adopt an international set of standards that will change the way crypto taxes are reported – and the body is ready to apply the same kind of tax standards as it uses to police conventional finance in its efforts to...
OECD tax director says international crypto tax standards are coming in 2021
27.11.2020
The director of the OECD’s tax center has revealed that the organization expects to release a tax reporting standard for crypto assets by the end of next year
Russian Prime Minister Pledges to ‘Civilize’ Crypto Market and Prevent Scams
26.11.2020
Changes to the law will bring Russia's crypto users more protections against fraud, said Mikhail Mishustin
Lithuania Rakes in 6.4 Million Euros From Selling Seized Cryptocurrencies
25.11.2020
Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies. Lithuania Sold...
DoJ makes fintech giant sell Credit Karma's tax wing to Square before $7.1B acquisition
25.11.2020
Intuit, which also owns TurboTax, can't hold all the keys to consumer tax software, the DoJ says
Square Agrees to Buy Credit Karma’s Tax Preparation Service for $50M
25.11.2020
Cash App will make the DIY tax-prep software available for free to its 30 million monthly users
South Korean Crypto Tax May Be Delayed after Parliamentary Intervention
25.11.2020
South Korean crypto investors could receive a welcome stay of execution from new crypto taxes – with parliamentarians pushing Seoul to postpone a much-maligned crypto tax reporting act.
Per the Dong-a Ilbo, a leading South Korean parliamentary committee has made a late intervention in the matter...
South Korea May Delay Implementation of 20% Crypto Tax Till 2022
25.11.2020
The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare
South Korean government to delay crypto-tax rules by three months
25.11.2020
Following lobbying by the Korean Blockchain Association, crypto exchanges are given extra time to implement a new tax infrastructure
Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS
24.11.2020
Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all
Alarming Tax Letters, Bitcoin Sponsors, Mining Chaos in Abkhazia + More News
24.11.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto tax news
Crypto traders in the United States state that they have been sent alarming letters with faulty calculations about crypto-related...
Lithuanian tax service’s first confiscated crypto sale nets $7.6M
24.11.2020
The Lithuanian State Tax Inspectorate exchanged Bitcoin, Ether and Monero for 6.4 million euro
Lithuania Makes Millions in First Sale of Seized Cryptocurrency
24.11.2020
The sale of bitcoin, ether and monero brought in €6.4 million, or $7.5 million
IRS Again Warns Crypto Investors They Under-Reported Gains
24.11.2020
For the second year in a row, the IRS is telling crypto investors they under-reported crypto gains. But there may false alarms again
US in Crypto Tax Balancing Act, ETH Miners Safe Until Nov. 2021 + More News
20.11.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto tax news
The US Treasury Department has told attendees at the OECD-arranged 2020 Global Blockchain Policy Forum that it is still undecided...
US Is Debating Risk vs. Liability for New Crypto Tax Rules
19.11.2020
Treasury department officials are wrangling with how to focus a coming set of crypto tax rules