bitcoin tax

The latest news related to the legal status of digital currencies in Poland stated that local tax authorities announced the sale of mined bitcoins is subjected to a VAT (value-added-tax) of 23%.

Thai Ministry of Finance Sets Tax Framework for Cryptocurrency Trading and Investments
April 2nd, 2018

The government of the country has announced the new regulations on the cryptocurrencies and digital tokens. The conservative decision preceded by harsh actions of the central bank of the country may slow down the pace of development of the crypto sphere.

South Korea Plans to Announce Cryptocurrency Tax Framework by End of June
April 2nd, 2018

South Korea’s taxation ministry is planning to introduce taxes on cryptocurrency and include them in the tax plan. The issue is to be solved in June this year.

Bitcoin Exchanges in India Under the Scrutiny of Income Tax Authority
December 14th, 2017

After Bitcoin’s record rally, India’s Income Tax Authority is carrying out search operations across all cryptocurrency exchanges operating in the country.

South Korea Considers Cryptocurrency Tax While Going Bitcoin Crazy
December 13th, 2017

The country that faces Bitcoin frenzy may ban Bitcoin transactions unless they meet strict conditions.

Australia’s 2017 Budget Includes a Bitcoin Tax Cut
May 10th, 2017

Australia is going to cut general sales tax for acquiring digital currency, aiming to help local fintech startups run their businesses in the country.

Japan Opposes to Bitcoin Taxation
March 1st, 2016

The Financial Services Agency will soon present its plan to recognize bitcoin as fulfilling the functions of currency while the problem of bitcoin taxation remains unsolved and hotly debated.

‘Bitcoin Should be Exempt from VAT,’ Says EU Court Advisor
July 16th, 2015

The question about exemption of bitcoin transactions from VAT has finally been solved after three years of silence.

Bitcoin Startup ‘Living Room of Satoshi’ Reopens After Australia’s Bitcoin Sales Tax
December 15th, 2014

Living Room of Satoshi has recently reopened for business after closing for two months due to introduced unfavourable tax laws.

NY State Tax Agency: ‘BTC Purchases Aren’t Subject to Sales Tax’
December 9th, 2014

The New York State Department of Taxation and Finance has stated that transactions made with cryptocurrencies are not subject to sales taxes.

IRS Tax Rules for Digital Currencies
December 5th, 2014

Problems of digital currency taxation, following IRS’s decision to treat it as property.