Israel is becoming ingrained more and more deeply into crypto ecosystem. Cryptos will be subject to the capital gains tax, decides the Tax Authority.
Although the number of people reporting their crypto investments is low fat the moment, it is expected to grow as the final date of filing comes closer.
The Swiss municipality of Chiasso will accept tax payments in bitcoin starting from the beginning of 2018 in an attempt to make Switzerland a global hub for financial technologies and cryptocurrency start-ups and a world leader in bitcoin adoption.
A software tool helps the IRS identify people who hide their wealth, making some bitcoin owners uneasy as they lose their anonymity.
New Hampshire seeks to become the American Bitcoin capital by introducing a bill requiring to accept bitcoin as payment for taxes and fees.
Living Room of Satoshi has recently reopened for business after closing for two months due to introduced unfavourable tax laws.
The New York State Department of Taxation and Finance has stated that transactions made with cryptocurrencies are not subject to sales taxes.
Problems of digital currency taxation, following IRS’s decision to treat it as property.
Representative of Texas, Steve Stockman, submitted a new bill, the ‘Virtual Currency Tax Reform Act,’ that would regulate the bitcoin sale transactions.