Indians Lobby to Reduce 30% Crypto Tax, Industry Eyes 6x Growth in a Decade
India’s crypto industry is actively lobbying for reduced taxes, citing the Trump administration’s crypto-friendly measures as a precedent.
Czech Parliament Approved Major Crypto Reform: Zero Tax After 3-Year Hold
By Bena Ilyas
The Czech Republic’s new reforms aim to attract businesses, investors, and innovators by fostering a crypto-friendly ecosystem.
Japan’s Finance Watchdog Pushes to Slash Crypto Taxes by 2025: Win for Investors?
The FSA seeks to have crypto assets treated in a similar manner to traditional financial assets, saying that it is worth a considerable amount of consideration.
Crypto Adoption in Turkey Boosted by Unending Lira Woes, Government Moves In with Tax Reforms
Although the stock tax remains pending for now, Erdogan and his officials are keen on taxing crypto transactions.
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.
File Crypto Tax Reports at Unbeatable Price in UK
Cryptiony was established to help solve one of the most fundamental challenges in the digital currency sector – filing tax reports.
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.
Indian Government Mulling 28% Tax on Crypto Transactions
The crypto ecosystem in India has levied a series of taxes with one of the most prominent being income tax which is currently pegged at 30%.
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.
South Korea May Delay Crypto Income Tax Rule to January 2022
South Korean lawmakers want to delay the implementation of the new rules in order to give more time to crypto exchanges to get ready.
The IRS Is on the Hunt for Cryptocurrency Tax Avoiders
By Robin Singh
While cryptocurrencies are continuing to gain popularity, it’s high time to learn how to report your crypto gains in order to comply with IRS regulations and avoid undesirable consequences.
Are You an Accidental Bitcoin Tax Avoider?
By Andy Watson
Are you one of the many millions of people who saw the price of bitcoin start rocketing in 2017? Are you one of the hundreds of thousands who bought in? Are you one of the thousands of buyers who is resident, for tax purposes, in the UK?
Making the Most of Your Bitcoin (By Maxing Your Tax)
By Andy Watson
Crypto enthusiasts will know that just because you didn’t know about the tax liable on cryptocurrency gains doesn’t mean you don’t have to pay it. Ignorance is no defence against the taxman.
IRS is Sending Out 10,000 Letters in Crackdown on Unreported Crypto Earnings
By Tolu Ajiboye
As part of its efforts to ensure compliance, the IRS has commenced sending out letters to erring crypto users. More than 10,000 people will receive one of three letters, advising them to report earnings and pay required taxes.