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Nalezeno "Tax": 1817

South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb

30.12.2019
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles...

Korea’s Tax Agency to Withhold $70M From Crypto Exchange Bithumb

30.12.2019
South Korea's National Tax Service will withhold tax worth $70 million from the country's largest crypto exchange Bithumb

Bithumb Crypto Exchange Reportedly Considers Litigating $68.9M Tax Bill

29.12.2019
South Korean cryptocurrency exchange considers litigation after the local tax authority imposed a $68.9 million tax bill on it

France’s Social Media Stalking Points to the Violence of Fiat, Consent of Crypto

29.12.2019
France will soon be monitoring social media accounts to catch suspected tax evaders. The endeavor could label anyone as suspicious who so much as posts a “taxation is theft” meme or a poses with a nice car. The country’s budget minister, Gérald Darmanin, called...

Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship

28.12.2019
As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their...

Uzbekistan Bans Citizens From Buying Crypto, They Can Only Sell

24.12.2019
Authorities in Uzbekistan have effectively banned residents from purchasing cryptocurrencies on digital asset exchanges licensed in the country. Crypto holders will only be able to sell their coins and that’s if these have not been obtained through anonymous transactions, amendments to...

Thomson Reuters Launches Crypto Tax Tool

23.12.2019
Tax authorities around the world are increasing their focus on crypto transactions and companies are rushing to help investors navigate the unclear regulations. The latest example is Thomson Reuters which has added a new tool for American tax payers to report crypto dealings to the IRS. Also Read:...

Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance

23.12.2019
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory...

8 Congress Reps Send Letter to IRS Urging Further Crypto Tax Clarity

20.12.2019
Eight U.S. representatives signed a letter to the IRS, asking the agency to further clarify cryptocurrency tax expectations

US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter

20.12.2019
Congressmen are again asking the IRS for clarity on its recent cryptocurrency tax guidance

Russian Opposition Leader Navalny Raises $700,000 in Crypto Donations

19.12.2019
Alexei Navalny, Russia’s leading critic of the current Kremlin administration, has attracted a serious amount of cryptocurrency in the form of anonymous donations for his corruption-combatting NGO. The digital coins collected since the beginning of this year have amounted to well over...

Crypto-Focused Accounting Firm Lukka Releases Tax Preparation Product

19.12.2019
Cryptocurrency accounting firm Lukka has announced a new crypto tax calculation offering for clients in the U.S

‘TurboTax’ for Crypto: Accounting Firm Lukka Debuts Tax Tool for Retail Investors

18.12.2019
Lukka, one of the first accounting firms for digital assets, is offering tax preparation services to retail crypto investors starting on Jan. 15

India’s Income Tax Department Is Secretly Training Its Officials to Investigate Cryptocurrencies

18.12.2019
We got a copy of the Indian tax authority’s secret training manual for cryptocurrencies

Poles Hit With Backdated Tax on Crypto Trades

16.12.2019
Crypto traders in Poland have been unpleasantly surprised with a controversial tax they thought they wouldn’t have to pay. The Civil Law Transactions Tax (PCC) is applicable to digital asset trades conducted before the introduction of last year’s moratorium on its collection, the Polish...

Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy

16.12.2019
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other...

Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners

11.12.2019
The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these...