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India Targets 700 Crypto Investors for Non-Payment of Taxes: Report
16.3.2022
India’s income tax department has reportedly identified about 700 cryptocurrency investors who have failed to pay taxes on high-value crypto transactions. “We have a long list of people who were transacting in crypto assets but were not paying tax,” said an official with...
Thailand Approves Tax Relief Measures for Crypto Trading
11.3.2022
The Thai Cabinet has approved tax relief measures for crypto trading. The new tax rules are “much more friendly to both investors and industry,” said an executive of a cryptocurrency exchange in Thailand. Thailand Adopts New Tax Rules for Crypto Investments Thailand’s Cabinet...
Crypto Taxes 2022: Here’s What You Need to Know According to CoinTracking
9.3.2022
PRESS RELEASE. Crypto changes quickly, with new tax laws and regulations coming to several countries in 2022, impacting how people need to report their crypto gains on taxes. New regulations in the US are a hot discussion topic among crypto investors, with a bill coming to fruition severely...
How to navigate cryptocurrency tax implications amidst the CPA shortage
8.3.2022
High demand for CPAs has left many to fend for themselves when it comes time to figure out the complex tax landscape marked by virtual currencies
Thailand reportedly exempts 7% crypto tax for traders on authorized exchanges
8.3.2022
The revised tax policy exempts crypto traders from the mandatory 7% VAT on authorized exchanges while offering tax exemptions of up to 10 years for crypto startup investors
How are cryptocurrency taxes reported?
3.3.2022
Cryptocurrencies and NFTs are viewed differently than other investments by the IRS, making for a complex tax landscape
Swiss city of Lugano to pay taxes in crypto via Tether partnership
3.3.2022
The ultimate goal is to accept crypto for payment of all goods and services in the city of Lugano, the city administration said
South Korean crypto market grows to $45.9B in 2021 despite strict regulations
1.3.2022
The 24 licensed crypto exchanges registered a collective average daily transaction volume of near $9.4 billion
Central Bank of Argentina Prepares New Regulations for Digital Wallets
25.2.2022
The Central Bank of Argentina is reportedly working on a new group of regulations seeking to control the totality of the digital wallets in the country. This new legal framework is directed at stopping fraud said to be facilitated by these tools. According to leaks on local media, the publication...
Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims
24.2.2022
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation. Bitcoin...
Georgia lawmakers consider giving crypto miners tax exemptions in new bill
18.2.2022
The state is expected to have 56,000 Bitmain miners operating by October as part of an agreement with Bitmain, ISW Holdings, and Bit5iv
India’s crypto tax provides little legal clarity for traders and exchanges
17.2.2022
The Indian government’s recent announcement of a 30% tax on crypto returns has sparked an industrywide discussion on its feasibility
Colorado governor says he expects state to accept tax payments in crypto by summer
16.2.2022
The governor added that paying taxes in crypto was likely just the first step, with using digital asset payments for certain licenses to follow "within a few months."
UK tax authority makes first NFT seizure in VAT fraud case
14.2.2022
The tax authority made three arrests in connection with a suspected tax evasion using shell companies and false identification
Crypto miners exempt from IRS reporting rules, US Treasury affirms
14.2.2022
The U.S. Treasury affirmed that crypto miners and wallet operators are exempt from the IRS reporting rules, preparing appropriate regulations
Spain Modifies Tax Model 720, Used to Declare Cryptocurrency Holdings Abroad
13.2.2022
The Spanish parliament has introduced an amendment to the tax model 720 used to declare cryptocurrency and other holdings abroad, softening some of the penalties associated with it. The modification, which has not yet been approved, changes some of the harsher penalties that were declared illegal...
Argentinian Tax Authority Will Be Able to Confiscate Digital Wallets to Collect Tax Debts
12.2.2022
The Argentinian Tax Authority (AFIP) will now be able to confiscate the assets that taxpayers have in digital wallets if they have debts with the organization. The recommendation for attorneys of this institution to include these digital accounts was made last year, but the execution of debt...
Puerto Rican Treasury Department Aims to Tax NFT Sales
10.2.2022
The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe the inclusion of NFTs in this reform brings validation to the asset class, but also...
Russian Government Eyes $13 Billion in Taxes From Crypto Economy
9.2.2022
Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as Russian institutions are holding discussions on the future of cryptocurrencies in the country. One Trillion Rubles...
Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year
8.2.2022
The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced when it comes to cryptocurrency regulation, the specifics of what will be taxed and...