South Korea Imposes 20% Crypto Tax and New Cryptocurrency Regulations
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...
Tag : tax
Swiss canton of Zug starts accepting tax payments in cryptocurrency
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...
Swiss Canton of Zug to Start Accepting BTC and ETH for Tax Payments
According to Bitcoin Suisse, this week (Feb 15 – 19), the Swiss Canton of Zug will start accepting cryptocurrencies bitcoin (BTC) and ethereum (ETH) for...
South Africa’s Tax Regulator Goes After Crypto Traders
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...
Kelly Bullis: Virtual currency tax rules
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...
HMRC: Britons conned by ‘tax rebate’ scam – urgent warning via text | Personal Finance
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...
Volunteers to assist with tax prep
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...
Kenyan crypto firms on notice as digital tax law takes effect
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...
IRS Updates Tax Requirements for Cryptocurrency Owners
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...
Understanding cryptocurrency tax reporting rules | Paul Pahoresky
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...
India ponders Bitcoin tax law to target $5B market
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...
Crypto taxes, reporting and tax audits in 2021
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...
Crypto tax: Israelis to disclose crypto holdings
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 Taxes in 2020: A Guide to Tax Rules for Crypto
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...
New Kenyan Digital Tax to Affect Crypto Platforms
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...
Kazakhstan May Tax Crypto Mining At a Flat-Rate of 15%
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...
U.S. Congress appeals for zero tax on crypto staking rewards
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,...
