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Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year
8.2.2022
The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced when it comes to cryptocurrency regulation, the specifics of what will be taxed and...
ZenLedger Announces Fantom Support for Crypto Tax Reporting
8.2.2022
ZenLedger recently announced native support for the Fantom network. The integration will allow Fantom users to access crypto tax reporting services. The solutions will help the users simply calculate taxes, manage crypto portfolios, and generate needed tax documents. Given the precision...
Simple math says Russia could collect up to $13B in crypto tax each year
8.2.2022
The analytic note mentioned that the estimates are purely an overview and based on a basic tax slab of 6%, which would be quite different once regulations are set in place
'Beautiful Bitcoin Heaven' Portugal’s 0% Crypto Tax Lures In Bitcoin Family
7.2.2022
The famous Bitcoin family who is living only off of their crypto is moving to Portugal, which welcomes them with a 0% tax on cryptoassets.
The Bitcoin Family has risen to international prominence after the Dutch family of five sold everything they owned in 2017, including their house, in order...
60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’
4.2.2022
Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign Petition Urging Government to Rethink Crypto Tax Proposal A petition has been...
Thailand Relaxes Tax Rules for Crypto Investors, Scrapping 15% Withholding Tax
3.2.2022
Thailand has relaxed tax rules for cryptocurrency investors, scrapping its planned 15% withholding tax. “The revenue department did a lot of homework and reached out to crypto operators as well to get feedback … It is much more friendly to both investors and the industry,” said...
Crypto tax doesn't legalize trading, says Indian tax department chief
2.2.2022
The Indian tax department head said crypto taxation will help the department evaluate the exact depth of the digital asset market
Why did WazirX token WRX jump 30% after India announced its big crypto tax?
2.2.2022
The Indian government said that it does not treat cryptocurrencies as illegal, clarifying that its transactions remain in a grey area
Colombia clamps down on crypto tax evasion as adoption thrives
2.2.2022
Colombia’s tax authority is tightening the screw on Bitcoin and cryptocurrency-related tax evasion against a backdrop of burgeoning cryptocurrency adoption
India to introduce 30% crypto tax, digital rupee CBDC by 2022-23
1.2.2022
Finance minister Nirmala Sitharaman believes the introduction of a CBDC will provide a “big boost” to India's digital economy
Bitcoin Gets More Investments, Ethereum - Less, Thailand Scraps Crypto Tax + More News
31.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Bitcoin Gets More Investments, Ethereum - Less, Thailand Scraps Crypto Tax + More News
Changes in Crypto Lending, Investors Bet on Crypto Tax Services, NASA vs. NFTs + More News
27.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Changes in Crypto Lending, Investors Bet on Crypto Tax Services, NASA vs. NFTs + More News
Crypto tax calculator CoinTracker valued at $1.3B following $100M raise
27.1.2022
Crypto tax reporting was a contentious topic in the U.S. last year as Congress passed the Infrastructure Investment and Jobs Act
Zimbabwe Signs Agreement Enabling Collection of Taxes From Crypto and E-Commerce Entities
23.1.2022
The Government of Zimbabwe has confirmed signing an agreement with Daedalus World Limited which enables the latter to collect taxes from crypto and other content providers. Zimbabwe’s Stance on Crypto The Zimbabwean government recently said it had entered into an agreement with the British...
Crypto Tax Trends in 2022: Increased Reporting, Updated Rules, and a Wealth Tax Debate
23.1.2022
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Crypto isn’t a secret anymore, and nowhere is this more apparent than in the concerted efforts of various governments to make sure crypto traders pay taxes on their gains. 2021 saw an increasing movement towards the creation of taxation regimes for crypto, and 2022 might see more...
Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions
20.1.2022
The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential...
Coinbase, PayPal join TaxBit Network for free crypto tax forms
11.1.2022
TaxBit wants to prevent crypto users from spending “thousands of dollars per year” to generate crypto tax forms
Thailand government to clear up crypto tax confusion
11.1.2022
The Thai revenue department will expedite tax criteria as traders and businesses seek further clarity
Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23
10.1.2022
An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else...
5 Platforms Offering Relief to Your Crypto Tax Headache
27.12.2021
Let’s face it. Cryptocurrencies and taxes are the world’s biggest headache for financial professionals and just about everybody. Governments are yet to catch up with and figure out which cryptocurrency project belongs to which asset class. So, the rules are so many and so confusing that...