Australian Taxation Office Demands Personal Data of 1.2M Crypto Traders from Exchanges
The ATO’s latest measures can be viewed as a giant step towards addressing potential tax evasion and promoting compliance among Australian traders.
Portugal Might Introduce Tax for Crypto Gains
By
Darya Rudz
At present, the standard capital gains tax in Portugal for residents totals 28%, while personal income tax ranges from 14.5% to 48%. The corporate income tax is a flat rate of 21%, but there are also local and state surtaxes.
Germany Publishes First Nationwide Crypto Tax Guide
By
Darya Rudz
Along with crypto tax guidance, Germany is now also working on a supplementary document that will address the cooperation between the federal states and their commitments to the subject.
Senate Rejects Crypto Tax Amendment to Infrastructure Bill
By
Darya Rudz
Apart from clear crypto regulation, the bill seeks to fund $1 trillion in both infrastructure maintenance and new initiatives like electric vehicle charging stations. It is the first part of Biden’s infrastructure agenda.
Potential Crypto Tax Cuts Could Boost Singapore Businesses
Multinational professional services firm and one of the ‘Big Four’ auditors, PwC, praises Singapore’s move to exempt cryptocurrencies and digital tokens from sales tax when used to pay for goods and services.
How to Ruin Life Trading Cryptos: College Student Turned $5k Investment into $400k Tax Bill
A Californian student thought that he had the run of his life last year by turning his small $5,000 investment into cryptocurrency to $880,000 in December 2017.