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Politician Challenges Japanese Gov’t on Crypto Tax Rate, Urges Review
7.4.2020
Shun Otokita. Sourse: a screenshot, Instagram/otokitashun
A Japanese lawmaker has challenged the government on its crypto tax rate policy, claiming that the current rate of taxation on crypto-related profits is “too high” – claiming that “investors are moving their money overseas” rather than...
Spanish Tax Watchdog Puts 66,000 Crypto Traders on Notice
3.4.2020
Spain’s tax authority will fired off tens of thousands of warning notes to crypto traders
CoinTracker Adds 6 Industry Partnerships for Its Crypto Tax Reporting Tool
2.4.2020
The crypto tax reporting app provider has partnered with a number of prominent blockchain industry names including ErisX, Lolli and Casa
Spain’s Tax Authority Sending Notices to 66,000 Cryptocurrency Owners
2.4.2020
The Spanish tax authority has reportedly started sending notices to about 66,000 cryptocurrency owners in the country. This number represents a massive increase from the 14,700 tax letters the agency sent to crypto owners last year. The letters will continue to be sent until the end of June despite...
66,000 Spanish Crypto Traders Warned to Pay Tax on their Earnings
1.4.2020
Source: Adobe/Hugh O'Neill
Either more Spanish citizens than ever before traded in cryptoassets in the past financial year or the country’s tax authorities have become more adept at monitoring citizens’ crypto-related activities. That appears to be the takeaway after Spanish tax authorities said...
Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds
31.3.2020
Certified Public Accountants familiar with crypto largely believe their clients might face audits or penalties for under-reporting holdings in past years, according to a survey
No Tax for You: Why Crypto Traders and Miners Might Head to Portugal
28.3.2020
Zero taxes for crypto traders and miners: Is Portugal poised to become a Bitcoin tax haven?
Canada’s Tax Authority Demands Personal Data on 115,000 QuadrigaCX Users
27.3.2020
The Canada Revenue Service has requested 750,000 documents spanning the personal information and transaction histories of Quadriga’s 115,000 users
Cryptocurrency Accounting Firm Launches Library of Legal and Tax Advice
26.3.2020
Crypto accounting firm Lukka launches the ‘Lukka Library’ — a subscription-based repo of expert advice on crypto taxation and law
Consistent Backends and UX: How Do New Algorithms Help?
26.3.2020
Article Series
Why should you care?
What can go wrong?
What are the barriers to adoption?
How do new algorithms help?
In previous articles, we explained what consistency is, the difference between "strong" and "eventual" consistency, and why this distinction is more important than ever to modern...
Bitcoin for Business: The Tax Guide
25.3.2020
Check out the full tax guide for crypto payment to businesses
Crypto.com Simplifies Crypto Tax Reporting for Its Users
24.3.2020
Crypto.com has partnered with CoinTracker, TokenTax and CryptoTrader.Tax to automate crypto tax reporting
IRS Delays Tax Day to July 15, Still Monitors Crypto
20.3.2020
The IRS has changed the tax payment deadline. What does this mean and what else has been changed?
Good News For Crypto Traders in the U.S. as IRS Extends Tax Deadline
20.3.2020
The tax deadline in the USA has been extended due to the Covid-19 outbreak, and this concerns crypto as well.
The U.S. Treasury Department and Internal Revenue Service (IRS) have issued guidance extending the tax deadline 2020 for all individual and other non-corporate tax filers with up to USD...
Tax Expert: IRS Crypto Question ‘Unconstitutional,’ Card Points, Flyer Miles Could Be Virtual Currency
19.3.2020
While its well-known that the revised Schedule 1 form for U.S. taxpayers now contains a question about cryptocurrencies, what is lesser discussed are the legal ramifications this may have for filers who answer incorrectly. The vague nature of the yes or no inquiry has one tax expert doubting...
Crypto Investors Should Care About the IRS Delaying Tax Payments
19.3.2020
Crypto traders may enjoy some respite from the market crash as tax payments have been deferred in the U.S
DeFi Skepticism, Decentralization, Tax Define London Blockchain Week
13.3.2020
Experts at London Blockchain Week say security is DeFi’s greatest challenge: “We used to have nerds attacking the system, now we have nerds with money”
Australian Tax Authorities Shed Light on Recent Crypto Investor Outreach
12.3.2020
An Australia Tax Office spokesperson told Cointelegraph the agency is offering taxpayers “the opportunity to fix any mistakes” they may have made in their reporting
Australian Tax Office to Warn Investors Over Crypto Misreporting
12.3.2020
The agency is set to issue warnings to hundreds of thousands of Asuralianin a clampdown on tax misreporting
Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits
12.3.2020
Australian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb may be asked for explanations and receipts....