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Bridgewater’s Ray Dalio Warns Government Could Restrict Bitcoin Investments, Impose ‘Shocking’ Taxes
21.3.2021
The founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm, has warned that the government could “impose prohibitions against capital movements” into assets such as bitcoin. He added that regulators may also impose changes in taxes that...
South Korean Tax Agency Identifies Over 2,400 Evaders Who Used Cryptocurrencies to Bypass Taxation
17.3.2021
South Korean authorities seem to be focusing on strengthening measures to combat tax evasion across the nation. The country’s tax watchdog profiled thousands of evaders that relied on cryptocurrencies to hide assets worth billions of Korean won. Evaders Hid a Total of $32.24 Million in Assets...
Russian Bill to Recognize Cryptocurrencies as Property Advances in Parliament
22.2.2021
Russia’s parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies but income from their activities will also be subject to taxation. Cryptocurrencies to Be Considered Property in Russia...
Russia’s Crypto Tax Bill Passes First Reading at State Duma
17.2.2021
The bill proposes to recognise cryptocurrency as property for purposes of taxation
Russia’s Lower House to Consider Bill on Crypto Taxation This Week
16.2.2021
If passed the bill would amend tax laws to recognize digital currencies as a form of property
Russian Duma prepares bill on cryptocurrency taxation
16.2.2021
The Russian State Duma will consider a new bill on cryptocurrency taxation on Feb. 17
G7 to discuss CBDC and digital taxation this week
9.2.2021
The G7 will begin its Feb. 12 meeting on the subject of central bank digital currencies, before moving to digital taxation and accelerating global debt
Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force
7.1.2021
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official. First proposed in August 2020, the digital service...
India Considers 18% GST on Bitcoin Transactions
29.12.2020
The Indian government is reportedly mulling over imposing an 18% goods and services tax (GST) on bitcoin transactions. According to the Central Economic Intelligence Bureau, the government could gain Rs 7,200 crore annually from this bitcoin taxation. 18% GST on Bitcoin Trades The Central Economic...
Israeli Tax Authorities Notify Cryptocurrency Owners to Disclose Their Holdings for Taxation Purposes
26.12.2020
The revenue collector, the Israel Tax Authority (ITA) has reportedly sent notifications to dozens of Israelis who own digital currencies asking them to fully disclose their assets and be taxed accordingly. In addition to sending letters to local citizens, the tax body has also sent inquiries...
How the IRS tracks down people who don’t report their crypto
30.10.2020
The United States tax authority doesn't seem to be very efficient when it comes to tracking down who owes crypto taxes — for now
Tax professional explains the most important thing for US crypto holders
29.10.2020
Tax season is confusing, especially when it comes to crypto
Winklevoss’ Gemini exchange to count crypto taxes in real time
29.10.2020
TaxBit’s tool will allow Gemini customers to increase their tax refund
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
16.10.2020
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital...
OECD calls out countries for their inconsistent rules on crypto taxation
14.10.2020
The report suggests giving preferential tax treatment to PoS over PoW-based crypto assets
EU removes this crypto hotspot from tax haven blacklist, clearing path for further adoption
6.10.2020
Yet, the biggest crypto hub remains on the blacklist
PwC’s global crypto tax report reveals the need for further regulatory guidance
2.10.2020
The majority of global jurisdictions have crypto asset taxation guidelines, yet additional frameworks are required to keep up
New Zeland's tax authority grills companies for info on crypto users
28.9.2020
If it's a taxable event, authorities want to know
Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law
26.9.2020
Israeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale...
The IRS wants to tax every penny of your crypto, US government memorandum says
1.9.2020
That will be confusing for some, and unsurprising for others