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Iranian Crypto Miners Tax Exempt If They Repatriate Offshore Earnings
12.9.2019
Iran's National Tax Administration states that cryptocurrency miners will be eligible for a repatriation tax exemption, similar to non-oil exports
Why Portugal’s Tax-Free Crypto Trading Matters for Bitcoin
3.9.2019
Cryptocurrency enthusiasts and businesses in the industry have had to put up with regulatory uncertainty for quite some time. The strong desire to tap into their incomes and profits goes hand in hand with failure on behalf of authorities and regulators to fully understand the nature...
IRS Expands Penalties: Which Tax Mistakes Are Better Not to Commit
2.9.2019
With crypto, the IRS is digging hard, investigating both tax evasion and just poor compliance. What the IRS considers “willful” vs. “non-willful” tax flubs have huge consequences
Kyrgyzstan Proposes a Law to Tax Cryptocurrency Mining After Banning The Same In 2014
1.9.2019
According to reports from the regional news outlet Kabar, the Ministry of Economy of the Kyrgyz Republic has submitted a draft law “On Amending the Tax Code”. The law will introduce taxes on cryptocurrency mining activities. Back in July 2014, the central law authority of the country had explicitly...
Portugal Tax Authority Removes Taxation on Crypto Trading and Payments
30.8.2019
In recent news, cryptocurrency trading and payments in Portugal those cryptocurrencies from tax, the European nation’s authority has explained. The local business newspaper has revealed the news recently, saying that the body has said that both cryptocurrency trading in genuine currencies...
Portugal Tax Authority: Bitcoin Trading and Payments Are Tax-Free
29.8.2019
Portuguese tax authorities clarified that both crypto trading and payments in crypto are not taxed in the country
‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders
26.8.2019
The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency....
How to Reduce Your Crypto Tax Bill by Taking Out a Crypto-Back Loans
25.8.2019
The crypto lending market has been experiencing an increasing interest in the past 12 to 18 months. More and more HODLers are using their digital asset holding as collateral for fiat currency loans. While the reasons to take out loans are myriad, one of the biggest arguments for taking out...
The Most Important Aspect of Bitcoin Is the Separation of Money and State
19.8.2019
Many cryptocurrency supporters believe the technology allows for the separation of money and state in a manner that’s never been seen before. Governments inflict two forms of robbery against nonviolent citizens by forcing them to pay taxes while also stealing from them silently through...
Australian Tax Office has sent out Warning letters to Investors who have invested 90% of Retirement Savings in Cryptocurrencies
18.8.2019
The ATO (Australian Tax Office) has sent cautioning letters to investors who have invested most of their retirement investment funds in cryptocurrencies. As per a local news agency, the Australian Tax Office has sent letters to caution approximately 18,000 SMSFs (Self Managed Super Funds) in...
IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear
17.8.2019
If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February...
All-Crypto Retirement Accounts Will Be Fined: Australian Tax Office
16.8.2019
Investors who hold 90 percent of their retirement savings in cryptocurrencies may face penalties of up to 4,200 AUD
These Portfolio Tracking Tools Will Also Prepare Your Crypto Taxes
16.8.2019
Tax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you’ll only end up cursing your procrastination. Organize your cryptocurrency activity in advance and you’ll breeze through tax deadline day without so much...
What to Do if You Just Got a Crypto Tax Letter from the IRS
15.8.2019
Have you just woken up to find a letter from America’s top tax authority, the Internal Revenue Service (IRS) in your mailbox, asking you to pay tax on your crypto earnings… and come to the sad realization that you’re not having a nightmare?
Scores of American cryptocurrency traders have received...
New IRS Warning Letters Target Crypto Investors Who Misreported Trades
14.8.2019
The IRS is sending another round of warning letters to crypto users, this time to taxpayers who it thinks misreported income on exchange transactions
Three of the World’s Biggest Tech Companies to Testify Against French Digital Tax in US
14.8.2019
Over the past two decades, some of the biggest tech companies in the world originated in the United States, but it was not long before those companies expanded into the rest of the world. As long as those companies operating in the United States, they were governed by tax laws in their native...
Is Crypto Tax Coming to Brazil’s Richest State?
14.8.2019
The state parliament of São Paulo, in Brazil, is set to vote on the introduction of a tax on cryptocurrencies, with a private member’s bill making rapid progress through the legislature.
The state’s parliamentary gazette reports that the bill is now at its final committee stage.
The bill was...
New Zealand Honors Bitcoin with Legal Status But Falls Within Tax Purview
13.8.2019
A cryptocurrency (Ethereum, Bitcoin, Litecoin, etc.) has stirred controversy worldwide. Countries around the globe have variant perspectives, notions, and most importantly are skeptical about the evolving concept, Cryptocurrency. It would be righteous to state what the Financial Markets Authority’s...
New Zealand Tax Office Makes It Legal to Pay Salaries in Crypto
12.8.2019
New Zealand's Inland Revenue Department has made it legal to receive salaries in cryptocurrency, and be taxed accordingly
IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance
12.8.2019
Though the IRS has yet to publish its promised crypto tax guidance, the warning letters recently sent to 10,000 traders hint at what to expect