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Nalezeno "Tax": 2533

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


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


  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


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


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


  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


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


  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


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...

Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax


South Korean MPs have finally overturned the government on its proposed crypto tax plans, ending a long saga that pitted lawmakers against the large crypto-skeptic administration of President Moon Jae-in.... Read More: Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax

Finance Committee Approves Legislation Delaying Crypto Tax in South Korea


Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead...

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