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Brazil's Rio de Janeiro will accept crypto-payments for property taxes
12.10.2022
The city will allow taxpayers to make crypto payments through third-party service providers
Rio de Janeiro to Allow Citizens to Pay Property Taxes in Crypto from 2023
12.10.2022
The Brazilian city of Rio de Janeiro will let its crypto-holding residents use their coins to pay their property tax bills from next year.
Globo reported that the city hall has published a decree in its Municipal Gazette that states that Rio will “hire companies specialized in carrying out...
Portugal Prepares to Tax Crypto Gains at Rate of 28%, Draft Budget Unveils
11.10.2022
Authorities in Portugal intend to impose a levy on gains from short-term crypto investments with the state budget for next year. The document, which still needs the approval of Portuguese lawmakers, signals a change in the EU nation’s positive attitude towards crypto assets. Government...
Portugal Makes U-Turn On Crypto-Friendly Taxes
11.10.2022
Though widely considered to be one of the most crypto-friendly countries, Portugal is increasingly shifting its position on taxing cryptoasset gains – and now plans to tax gains on crypto held for less than a year....
Read More: Portugal Makes U-Turn On Crypto-Friendly Taxes
OECD releases framework to combat international tax evasion using digital assets
10.10.2022
The OECD said it planned to present the Crypto-Asset Reporting Framework to a meeting of G20 finance ministers and central bank governors on Oct. 12-13
Portuguese Proposal Would Enact Taxes on Crypto Transfers, Capital Gains
10.10.2022
The country had been notable for having no crypto taxes on individuals, but the finance minister last spring had promised that stance was soon to end
European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion
7.10.2022
Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders...
Colorado is accepting crypto for tax payments — it could be a mess or a shining example
7.10.2022
Colorado is now accepting crypto for tax payments — but if you choose to use that option, it could change the amount you owe
Norway's government proposes eliminating reduced electricity tax for Bitcoin miners
6.10.2022
"We are in a completely different situation in the power market now than when the reduced rate for data centers was introduced in 2016," said Norway's finance minister
European Parliament members vote in favor of crypto and blockchain tax policies
4.10.2022
The resolution recommended authorities in the parliament's 27 member states consider a “simplified tax treatment” for crypto users involved in occasional or small transactions
Celsius founder reportedly withdrew $10M before bankruptcy filing: FT
3.10.2022
The details of the withdrawal will reportedly be part of upcoming court filings, and it's possible the founder and former CEO of the crypto platform could be forced to pay it back
Paraguayan Senate Rejects Presidential Veto to Cryptocurrency Bill
30.9.2022
The Paraguayan Senate has decided to reject the total veto that President Mario Abdo exerted over a proposed cryptocurrency bill on September 2. The Senate defended the initiative, stating that passing the bill would benefit the country due to its effect on tracking the energy consumption of crypto...
Tax on income you never earned? It’s possible after Ethereum’s Merge
27.9.2022
IRS rules weren’t ready for the Ethereum upgrade. It’s unlikely to become the fiasco that taxpayers experienced when Bitcoin forked in 2017, but there are measures they can take to prepare for whatever the IRS decides
US Court Authorizes IRS to Issue Summons for Crypto Investors’ Records
26.9.2022
The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party...
LUNC investors react to CZ's 1.2% trading tax recommendation on Binance
25.9.2022
Changpeng Zhao, the CEO of Binance, recommended a flat 1.2% trading tax on LUNC trades that could be burned to reduce the token’s total supply and improve its price performance
South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal
24.9.2022
The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual assets from people accused of tax evasion in 2021. Almost 260 Billion Won in Crypto Seized for...
Get ready for a swarm of incompetence at the IRS in 2023
22.9.2022
The IRS is hiring 87,000 agents, thanks to President Joe Biden’s 2021 infrastructure package, but they won’t be fully trained for three years
South Korean gov has confiscated 260B KWR in crypto for non-payment of taxes since 2021
22.9.2022
The country began seizing crypto to offset tax arrears last year
Indian Government Working on How GST Tax Could Be Applied to Crypto
22.9.2022
India’s ministry of finance is reportedly working on how the goods and services tax (GST) could apply to crypto transactions. “A better understanding of how cryptocurrencies fit into our legal system is the prerequisite for the decision on the GST rate,” a source told local...
Banking Giant Launching VC for Crypto Investments, Paying Taxes With Crypto in US, EOS Independence + More News
21.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Banking Giant Launching VC for Crypto Investments, Paying Taxes With Crypto in US, EOS Independence + More News