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Nalezeno "30% crypto tax": 777

Existing Indian law could impose 2% levy on crypto bought from offshore exchanges

22.6.2021
Existing law in India could mandate a 2% levy on cryptocurrency purchases from offshore-based exchanges servicing India’s market

Denmark to Revise Tax Law to Target Cryptocurrencies

10.6.2021
The Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk of fraud and widespread filing errors involving cryptocurrencies. Denmark to Revamp Tax...

New Crypto Tax Law Will Be Adopted in Autumn Says Russian Policy Chief

4.6.2021
After a brief respite for the nation’s crypto community, regulators have resurfaced – and could serve up a fresh batch of legislative proposals aimed at policing the industry as soon as summer is done. After a relatively quiet few months, Anatoly Aksakov, the head of the State Duma Committee...

Biden’s Crypto Tax Evasion Crackdown Could Also Hit Non-US Traders

3.6.2021
Joe Biden. Source: A screenshot, Instagram/joebiden The American President Joe Biden appears ready to go to war with tax evaders, particularly those seeking to make use of crypto – and has put forward a plan that could hit crypto traders outside the United States, as well as domestic users. In...

South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body

3.6.2021
Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection...

South Korean Presidential Candidate: Delay Crypto Tax Until 2023

1.6.2021
Source: Adobe/Андрей Яланский As South Korea’s general elections draw ever nearer, the nation’s provincial governors appear to have grown bolder – and are looking to strengthen their political positions by taking on Seoul over its crypto policy. While last week it was the turn of the Governor...

Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May

30.5.2021
Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that...

Time to End US Crypto Tax Declaration ‘Forensic Exercise’ – Expert

27.5.2021
A USA-based tax expert has hinted that the ball may be in the Internal Revenue Service (IRS)’s court when it comes to taxing crypto – and suggested that most crypto investors are not tax dodgers, but simply require a non-“forensic” solution to filing taxes on their earnings. The comments were made...

Crypto couple tells court the IRS has no right to tax newly mined coins

27.5.2021
Coins earned by staking have been “created” and are not taxable until sold according to one couple in the U.S

US Treasury Unveils Biden’s Proposed Tax Measures — Cryptocurrency Transfers Over $10,000 to Be Reported to IRS

20.5.2021
The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more...

South African Crypto Holders Urged to Approach Tax Body Before It Descends on Them

19.5.2021
A South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them. Lesperance argues that by making the first move...

South Korea to Impose a 20% Tax on Crypto Mining Activities

8.5.2021
The cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto miners will be required to pay taxes, following the same path as digital assets traders. Ruling to Take Place Starting 2022 According to a report published...

Court Authorizes IRS to Summon User Records From Kraken Cryptocurrency Exchange

6.5.2021
The Internal Revenue Service (IRS) has obtained court authorization to serve a John Doe summons on cryptocurrency exchange Kraken. The tax agency is seeking data of users with $20,000 or more in cryptocurrency transactions during the years 2016 to 2020. IRS Wants User Information From Crypto...

South Korean Bitcoin miners can deduct electricity costs from crypto tax filings

6.5.2021
Crypto miners will be able to deduct electricity costs as business expenses when filing cryptocurrency taxes starting in 2022

Court orders Kraken to provide information on user transactions to the IRS

6.5.2021
A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS

South Korean Crypto Tax U-Turn Looking Unlikely, Despite Outcry

5.5.2021
Despite the recent outcry about crypto tax among younger South Koreans, a new small survey has found that most of the respondents are in favor of imposing taxes on crypto traders’ profits. Per Segye Ilbo and Chosun, the survey quizzed 500 people aged 18 and over nationwide and was commissioned...

South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger Votes

4.5.2021
South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax....