tax Archives - Crypto Credits

Argentina’s tax body reportedly asks crypto firms to report all activity

NewsMay 14, 2021May 14, 2021

by NewsMay 14, 2021May 14, 20210

A tax authority in Argentina is reportedly looking to scrutinize operations involving cryptocurrencies like Bitcoin (BTC). Argentina’s Federal Administration of Public Income, or AFIP, has...

Bitcoin

Hungary plans Bitcoin tax cut as part of economic recovery program

NewsMay 12, 2021May 12, 2021

by NewsMay 12, 2021May 12, 20210

Cryptocurrency investors in Hungary could be getting a major tax break very soon, as lawmakers seek to make the central European country more competitive in...

Regulation

Indonesia considers capital gains tax on cryptocurrency trades

NewsMay 11, 2021May 11, 2021

by NewsMay 11, 2021May 11, 20210

Neilmaldrin Noor, a spokesperson for the Indonesian Directorate General of Taxes, said that the authority is considering a tax scheme for capital gains generated from...

Regulation

South Korean Bitcoin miners can deduct electricity costs from crypto tax filings

NewsMay 8, 2021May 8, 2021

by NewsMay 8, 2021May 8, 20210

Crypto investors involved in cryptocurrency mining may enjoy a significant tax break when the country’s digital currency tax regime commences in 2022. According to a...

Bitcoin

South Korea to Impose a 20% Tax on Crypto Mining Activities – Mining Bitcoin News

NewsMay 8, 2021

by NewsMay 8, 20210

The cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto miners will be required...

Regulation

Survey shows South Koreans support crypto tax law

NewsMay 4, 2021May 4, 2021

by NewsMay 4, 2021May 4, 20210

An opinion poll conducted by South Korean television station YTN has shown significant support for the planned cryptocurrency tax regime in the country. According to...

Regulation

Biden’s capital gains tax plan to pull crypto down to earth from the moon?

NewsMay 2, 2021May 2, 2021

by NewsMay 2, 2021May 2, 20210

There are often multiple causes for an asset’s sharp decline, but Bitcoin’s (BTC) 10% “nosedive,” which took place on April 22, may be blamed on...

Regulation

UK revenue authority to target cryptocurrency tax evaders

NewsApril 29, 2021April 29, 2021

by NewsApril 29, 2021April 29, 20210

Her Majesty’s Revenue and Customs, the tax authority of the United Kingdom, will ramp up its efforts to snare cryptocurrency tax evaders in an attempt...

Bitcoin

How Advisors Would Handle Proposed Tax Increase; Bitcoin’s Value as Asset Class

NewsApril 29, 2021

by NewsApril 29, 20210

President Biden wants to hike taxes to help cover his spending plans. See how advisors say they would handle a bump in capital gains in The Big Q. | Big...

Bitcoin

Bitcoin’s Drop From Biden’s Proposed Tax Hikes Not Likely to Last, BCB CEO Says

NewsApril 23, 2021

by NewsApril 23, 20210

Bitcoin has slumped more than 8%, over a 24-hour period, a drop attributed to U.S. President Joe Biden’s proposed tax hike for capital gains on...

Altcoin

IRS Clarifies Tax Implications On 2017 Bitcoin Hard Fork

NewsApril 21, 2021April 21, 2021

by NewsApril 21, 2021April 21, 20210

A view of Bitcoin token. A split in the Bitcoin community is set to create a new incompatible … [+] version of the cryptocurrency. They...

Altcoin

Bachelor Clues Tax Observations On Crypto Not To Be Relied On

NewsApril 3, 2021April 3, 2021

by NewsApril 3, 2021April 3, 20210

Colton Underwood from Bachelor in Paradise attends the Disney ABC Television TCA Summer Press Tour, … [+] August 7, 2018 at the Beverly Hilton Hotel...

Altcoin

Billionaire Ray Dalio: U.S. Could Impose “Shocking” Tax Increases That’d Have Huge Consequences On Bitcoin

NewsMarch 17, 2021March 17, 2021

by NewsMarch 17, 2021March 17, 20210

Billionaire hedge fund manager Ray Dalio is well known for his criticism of holding fiat money in the face of unprecedented money printing and runaway...

Ethereum

ICON (ICX) unaffected by South Korean tax investigation into ICONLOOP, says chairman

NewsMarch 8, 2021March 8, 2021

by NewsMarch 8, 2021March 8, 20210

The ICON Foundation, creator of the ICON (ICX) project, has issued an official response to the news that South Korean tax authorities are investigating its...

Bitcoin

State of Kentucky Will Give Tax Exemptions for Bitcoin Mining

NewsMarch 5, 2021

by NewsMarch 5, 20210

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes...

Regulation

South Korea Imposes 20% Crypto Tax and New Cryptocurrency Regulations

NewsFebruary 22, 2021

by NewsFebruary 22, 20210

Crypto tax regimes have generally drawn criticism from South Korean crypto enthusiasts who believe the imposed taxes are heavier on cryptocurrency trading when compared with...

Regulation

Swiss canton of Zug starts accepting tax payments in cryptocurrency

NewsFebruary 21, 2021February 21, 2021

by NewsFebruary 21, 2021February 21, 20210

The Swiss canton of Zug now allows its residents to pay taxes in cryptocurrencies like Bitcoin (BTC) and Ether (ETH). Bitcoin Suisse, a local crypto...

Regulation

Swiss Canton of Zug to Start Accepting BTC and ETH for Tax Payments

NewsFebruary 19, 2021February 19, 2021

by NewsFebruary 19, 2021February 19, 20210

According to Bitcoin Suisse, this week (Feb 15 – 19), the Swiss Canton of Zug will start accepting cryptocurrencies bitcoin (BTC) and ethereum (ETH) for...

Regulation

South Africa’s Tax Regulator Goes After Crypto Traders

NewsFebruary 7, 2021February 7, 2021

by NewsFebruary 7, 2021February 7, 20210

As cryptocurrency is gradually gaining recognition globally, authorities worldwide are putting some restrictive measures in their respective region. Local Media reported last week that the...

Altcoin

Kelly Bullis: Virtual currency tax rules

NewsJanuary 31, 2021January 31, 2021

by NewsJanuary 31, 2021January 31, 20210

What is virtual currency? Sounds fake doesn’t it? Actually, it is a recent invention. Instead of “virtual dollars” that you have been using with your...

Scams

HMRC: Britons conned by ‘tax rebate’ scam – urgent warning via text | Personal Finance

NewsJanuary 21, 2021January 21, 2021

by NewsJanuary 21, 2021January 21, 20210

HMRC, formally known as Her Majesty’s Revenue and Customs, offers help to millions of Britons with taxes each year. However, there may be some circumstances...

Altcoin

Volunteers to assist with tax prep

NewsJanuary 14, 2021January 14, 2021

by NewsJanuary 14, 2021January 14, 20210

As 2021 begins, many Americans are thinking about their taxes and what plans they need to put in place this tax season. This process can...

Regulation

Kenyan crypto firms on notice as digital tax law takes effect

NewsJanuary 9, 2021January 9, 2021

by NewsJanuary 9, 2021January 9, 20210

Kenya’s planned Digital Service Tax, or DST, came into effect at the start of 2021. The DST is part of the country’s 2020 revamped Finance...

Bitcoin

IRS Updates Tax Requirements for Cryptocurrency Owners

NewsJanuary 7, 2021

by NewsJanuary 7, 20210

The U.S. Internal Revenue Service (IRS) has updated its instructions for disclosing crypto activities. The update provides clarification on who must answer “yes” to the...

Bitcoin

Understanding cryptocurrency tax reporting rules | Paul Pahoresky

NewsJanuary 2, 2021January 2, 2021

by NewsJanuary 2, 2021January 2, 20210

Cryptocurrency investments are subject to reporting and taxes on any investment gains just like other investment income is taxed. As a result of the … Visit...

Regulation

India ponders Bitcoin tax law to target $5B market

NewsDecember 29, 2020December 29, 2020

by NewsDecember 29, 2020December 29, 20200

India’s finance ministry has called for the enactment of Bitcoin (BTC) tax laws in the country. According to the Times of India, the ministry’s Central...

Regulation

Crypto taxes, reporting and tax audits in 2021

NewsDecember 29, 2020December 29, 2020

by NewsDecember 29, 2020December 29, 20200

This year was like no other. Now that it has limped to a close and we look at the promise of a better 2021, it...

Regulation

Crypto tax: Israelis to disclose crypto holdings

NewsDecember 28, 2020December 28, 2020

by NewsDecember 28, 2020December 28, 20200

Israel set to implement a a crypto tax. Russia had also looked to implement a similar policy earlier in the year Globes have reported that...

Bitcoin

Bitcoin Taxes in 2020: A Guide to Tax Rules for Crypto

NewsDecember 26, 2020December 26, 2020

by NewsDecember 26, 2020December 26, 20200

While Bitcoin has been around for some years as a new type of currency, many people still don’t understand all of the necessary fundamentals. One...

Bitcoin

New Kenyan Digital Tax to Affect Crypto Platforms

NewsAugust 8, 2020August 8, 2020

by NewsAugust 8, 2020August 8, 20200

Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross...

Blockchain

Kazakhstan May Tax Crypto Mining At a Flat-Rate of 15%

NewsAugust 7, 2020August 7, 2020

by NewsAugust 7, 2020August 7, 20200

A proposal made by the government of Kazakhstan aims to impose a 15% flat-rate tax on crypto mining. The plan would use any funds accumulated...

Blockchain

U.S. Congress appeals for zero tax on crypto staking rewards

NewsAugust 6, 2020August 6, 2020

by NewsAugust 6, 2020August 6, 20200

A group of Congress members in the US have sent a letter to the Internal Revenue Service (IRS) asking for zero tax on staking rewards,...

Tag : tax

Argentina’s tax body reportedly asks crypto firms to report all activity

Hungary plans Bitcoin tax cut as part of economic recovery program

Indonesia considers capital gains tax on cryptocurrency trades

South Korean Bitcoin miners can deduct electricity costs from crypto tax filings

South Korea to Impose a 20% Tax on Crypto Mining Activities – Mining Bitcoin News

Survey shows South Koreans support crypto tax law

Biden’s capital gains tax plan to pull crypto down to earth from the moon?

UK revenue authority to target cryptocurrency tax evaders

How Advisors Would Handle Proposed Tax Increase; Bitcoin’s Value as Asset Class

Bitcoin’s Drop From Biden’s Proposed Tax Hikes Not Likely to Last, BCB CEO Says

IRS Clarifies Tax Implications On 2017 Bitcoin Hard Fork

Bachelor Clues Tax Observations On Crypto Not To Be Relied On

Billionaire Ray Dalio: U.S. Could Impose “Shocking” Tax Increases That’d Have Huge Consequences On Bitcoin

ICON (ICX) unaffected by South Korean tax investigation into ICONLOOP, says chairman

State of Kentucky Will Give Tax Exemptions for Bitcoin Mining

South Korea Imposes 20% Crypto Tax and New Cryptocurrency Regulations

Swiss canton of Zug starts accepting tax payments in cryptocurrency

Swiss Canton of Zug to Start Accepting BTC and ETH for Tax Payments

South Africa’s Tax Regulator Goes After Crypto Traders

Kelly Bullis: Virtual currency tax rules

HMRC: Britons conned by ‘tax rebate’ scam – urgent warning via text | Personal Finance

Volunteers to assist with tax prep

Kenyan crypto firms on notice as digital tax law takes effect

IRS Updates Tax Requirements for Cryptocurrency Owners

Understanding cryptocurrency tax reporting rules | Paul Pahoresky

India ponders Bitcoin tax law to target $5B market

Crypto taxes, reporting and tax audits in 2021

Crypto tax: Israelis to disclose crypto holdings

Bitcoin Taxes in 2020: A Guide to Tax Rules for Crypto

New Kenyan Digital Tax to Affect Crypto Platforms

Kazakhstan May Tax Crypto Mining At a Flat-Rate of 15%

U.S. Congress appeals for zero tax on crypto staking rewards

Elon Musk wants Bitcoin, but not its fossil fuels. Can $BTC mining...

Shortsighted Sellers Made This A Great Week To...

Bank of Korea wants to monitor crypto trading...

Litecoin Price Trades at a Critical Resistance Zone