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El Salvador removes all taxes related to tech innovation for economic growth
1.4.2023
Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador
How Will NFTs Be Taxed? Understanding the IRS' New Proposed Guidelines
31.3.2023
Tax experts weigh in on how the IRS will decide if NFTs are collectibles
Bitcoin profits are taxable in certain cases, says Denmark's supreme court
30.3.2023
The country's supreme court released two decisions for cases in which different crypto users gained profits from sales of BTC “made for the purpose of speculation” and mining
Staking gains shouldn't be taxed until they're sold
28.3.2023
We don’t tax houses while they’re under construction, and we shouldn’t impose taxes on cryptocurrency while it’s staked
El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations
24.3.2023
The bill will strip technology innovations such as software programming, coding, apps and Artificial Intelligence development from tax obligations on income, property, capital gains and import tariffs, Bukele said in the tweet
This Dating Sim Will Help You File Your Taxes
22.3.2023
Filing taxes suck. If it weren’t for the sweet reward of a tax refund, many of us probably wouldn’t be filing our taxes (which are due on April 18th) at all this year to avoid the headache of leafing through physical and electronic paperwork. Luckily, there’s a new dating simulator that’ll help...
Chinese Employees Pay Social Insurance Fees, Taxes with Digital Yuan – Is CBDC Adoption on the Rise?
22.3.2023
A growing number of Chinese employees and firms can now use the nation’s Central Bank Digital Currency (CBDC) – the digital yuan – to pay their social insurance premiums and taxes.
Per reports from the Chinese media outlets JS China and NH News, citizens in Lianyungang and other cities in...
IRS calls for public feedback on taxing NFTs as collectibles
21.3.2023
Those wishing to offer feedback to the IRS on having NFTs treated as collectibles such as coins or works of art have until June 19 to submit comments
IRS Seeks to Tax NFTs Like Other Collectibles
21.3.2023
Digital proofs of ownership will be taxed like the underlying assets until rules on how to treat assets in retirement accounts are finalized
Best and worst countries for crypto taxes — plus crypto tax tips
21.3.2023
So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound wealth
Argentine Tax Authority AFIP Detects Irregularities in 184 Digital Wallet Tax Statements
21.3.2023
The Argentine tax authority (AFIP) is increasing its scrutiny when it comes to digital wallets. The institution recently revealed it found irregularities in at least 184 tax statements that include digital wallets and cryptocurrencies. These taxpayers did not include their wallet holdings as part...
Crypto assets to become a separate category in the UK tax forms
17.3.2023
The recent national budget, published by His Majesty's Treasury, announces the amendment of the self-assessment forms for crypto assets
UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents
15.3.2023
Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos...
Report: Thai Govt to Grant Tax Waivers to Issuers of Digital Asset Investment Tokens
10.3.2023
Thailand’s government has said companies that issue digital tokens will receive a waiver that exempts them from paying corporate and value-added tax. According to a report, the Thai government anticipates losing just over $1 billion in tax revenue as a result of the waiver. Relaxation of...
How Taxes Work With Crypto Trading Bot?
10.3.2023
The Basics of Crypto Taxes Crypto Taxes differ based on using cryptocurrencies, buying and selling cryptocurrencies, and various automated crypto bots for trading cryptos. Crypto Taxes fall into Capital Gains Tax and Ordinary Income Tax. Capital Gains Tax: Capital Gains Tax will be infused upon...
U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
10.3.2023
A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine...
CoinTracker integrates with H&R Block to offer crypto tax preparation
9.3.2023
The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings
Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
9.3.2023
U.S. President Joe Biden's proposed budget will include a provision to close tax loss harvesting on crypto transactions
Thailand to offer tax breaks for investment token issuers
7.3.2023
The government of Thailand expects that investment token offerings could generate more than $3.7 billion in the next two years
NFT Creators Investigated in Israel for Alleged Tax Evasion
6.3.2023
Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses. Thousands of ‘Western...