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Nalezeno "Crypto tax": 183

Turkey Projects Finalization of Cryptocurrency Taxes by Next Year

27.10.2023
Turkish government intends to establish a regulatory framework for crypto assets, including plans to tax these digital assets, starting 2024. The regulatory measure came as a part of the government’s 2024 Presidential Annual Program, unveiled on Wednesday. The translated document sheds light...

Indian Government Collects Over $12 Million From Crypto Taxes

11.10.2023
India’s Central Board of Direct Taxes (CBDT) has collected more than 100 crore INR ($12 million) from one percent TDS (Tax Deducted at Source) on crypto transactions in this financial year. The Indian government had implemented one percent direct tax on all crypto transactions from July...

Hungarian Authorities Seize Crypto Worth $1M in Tax Fraud Case

23.9.2023
Hungarian authorities have seized cryptocurrency worth over $1 million from a criminal organization in a value-added tax (VAT) fraud case. The authorities raided 28 locations, arrested three suspects, and seized various assets tied to the group. The seized cryptocurrencies were transferred to...

70% of South Korean Reported Foreign Assets Are Crypto- Here’s More

20.9.2023
South Korea’s crypto adoption grows as authorities disclosed that 70% of the nation’s reported overseas assets are cryptocurrencies. On Sept 20, The country’s National Tax Service (NTS) in an official release stated that 5,419 business and individuals reported their financial accounts with...

Thailand to Tax Overseas Earnings From Crypto Traders – Will it Impact Foreign Investment?

19.9.2023
Thailand would soon tax foreign earnings from crypto traders, a tighter measure to close the loophole, which allowed overseas income into the country tax-free. The rule came from Thailand’s Revenue Department, which aims to fund its proposed economic stimulus, according to a BangkokPost report....

Japan Financial Regulator Moves To End “Paper Profits” Tax On Digital Assets

5.9.2023
Japan’s top financial regulator, the Financial Services Agency (FSA) has proposed key amendments to the nation's tax code relating to profits on digital assets. According to local news outlets, the Agency’s proposal to change the tax code is in line with several calls by industry executives...

US Treasury Department Proposes New Reporting Requirements for Digital Asset Brokers – An Attempt to “Kill” Crypto Adoption?

25.8.2023
The US Department of the Treasury and Internal Revenue Service (IRS) on Friday released new proposed regulations that would require the brokers of digital assets to report certain sales and exchanges in an effort to crack down on tax cheats, as well as to assist law-abiding taxpayers know how much...

New Report Suggests About 8,000 Korean Residents May Lose Digital Assets Over Tax Evasion

22.8.2023
Financial regulators in the South Korean city of Cheongju are set to confiscate digital assets from local tax evaders. According to a report on Aug 22 by Yongap, a local news agency, the authorities of the city have set plans in motion to clamp down on virtual asset holders in centralized...

Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’

3.8.2023
U.S. senators including Elizabeth Warren and Bernie Sanders claimed crypto tax evaders are siphoning off billions from the government

IRS probes crypto traders using Puerto Rico tax breaks: Report

13.7.2023
“The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime

U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance

12.7.2023
The committee sought input from the cryptocurrency industry to better understand the tax challenges presented by digital assets

Israeli Lawmakers Support Axing Crypto Capital Gains Tax for Foreigners

5.7.2023
A bill exempting foreign residents from capital gains taxes on crypto sales, and lowering tax on stock-options-like crypto options for employees has passed a preliminary reading in the Knesset

Biden Pledges to Eliminate Tax Loopholes for Crypto Traders — Vows to Make US Tax System Fair

30.6.2023
U.S. President Joe Biden has promised to make the federal tax system fair by eliminating loopholes for crypto traders and hedge fund managers. He aims to “achieve tax code fairness” by “ensuring that the burden is shared by the wealthy, super-wealthy, and large corporations while...

Kenyan Central Bank Governor Says Stance on Crypto Not Driven by Personal Views

4.6.2023
Patrick Njoroge, the outgoing governor of the Kenyan central bank, recently said the bank’s policy on crypto assets is not driven by personal views but is founded on the “wealth of information that is in the central bank.” Njoroge said the Central Bank of Kenya will continue...