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Brazil’s tax dept to summon info from foreign crypto exchanges: Report
19.6.2024
The Federal Revenue of Brazil is publishing an ordinance this week to look for any potential “illegality” and info on what Brazilians may be owing in tax
Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment
18.6.2024
Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such...
Malaysia cracks down on crypto tax evaders with Ops Token
17.6.2024
IRB official Datuk Abu Tariq Jamaluddin warns crypto traders to declare taxes or face compliance actions
Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion
16.6.2024
Malaysia’s Inland Revenue Board (IRB), in collaboration with the Royal Malaysia Police and Cybersecurity Malaysia (CSM), recently launched a special operation codenamed “Ops Token” to tackle tax revenue losses from cryptocurrency trading. The initiative, involving 38 personnel...
Nigeria Drops Tax Evasion Charges Against Binance Executives
15.6.2024
Nigerian authorities dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the cryptocurrency exchange appointed a local representative to represent it in ongoing court cases. Following the decision, Binance stated that it awaits the court’s...
Turkey targets Crypto with new 0.03% transaction tax
14.6.2024
Turkey introduced a 0.03% tax on crypto transactions as part of a major fiscal reform to address the budget deficit caused by recent earthquakes
Donald Trump Proposes Elimination of US Income Tax, Introduction of Tariffs
14.6.2024
U.S. presidential candidate and former 45th President Donald Trump has been proposing the idea of eliminating the country’s income tax and substituting it with tariffs. Trump Discusses Tariff-Based Revenue System With Republican Lawmakers On June 13, Donald Trump met with Republican lawmakers...
Nigeria Drops Tax Charges Against Binance Executives
14.6.2024
The executives, Tigran Gambaryan and Nadeem Anjarwalla, are still named in a money-laundering case
Biden’s Nonsensical Proposed 30% Tax Would Kill Bitcoin Mining in the U.S.
13.6.2024
Trump hosts Bitcoin mining executives at Florida residence
12.6.2024
Executives from the U.S. Bitcoin mining industry pitched the presidential candidate on how they could strengthen the electrical grid and create new jobs
Turkey Rules out Taxes on Crypto Profits, Considers Limited Transaction Tax
6.6.2024
Turkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited” transaction tax on these assets, though the specifics...
Nigeria defends Binance exec prosecution amid US lawmakers' criticism
6.6.2024
The minister assured that Binance had received appropriate consular access from the U.S. and all due care, following standard diplomatic protocols and the rule of law
Turkey denies plans to tax crypto, stock gains
5.6.2024
Turkey has dismissed levies on profits from stocks and cryptocurrencies but is exploring a transaction tax as part of efforts to regulate the tax on financial transactions
FTX Reaches Settlement With IRS on $24 Billion Tax Claim
4.6.2024
Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority...
FTX reaches $200M settlement with IRS on tax bill
4.6.2024
The agreement, which is subject to a court approval, resolves a major hurdle for FTX bankruptcy process
Billionaire Bitcoin Advocate Michael Saylor Agrees to $40 Million Settlement in Tax Evasion Case
3.6.2024
The billionaire Bitcoin advocate Michael Saylor has reportedly agreed to pay $40 million to settle an income tax evasion dispute with the District of Columbia Attorney General. The settlement ended the Attorney General’s lawsuit, in which it accused Saylor of falsely claiming to be a resident...
MicroStrategy and Michael Saylor settle tax case for $40M
3.6.2024
In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia
MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case
3.6.2024
The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district
Are crypto cashback rewards taxable?
30.5.2024
Unsure if your crypto cashback rewards trigger tax obligations? Learn how to navigate them for stress-free crypto earning
Binance official’s wife demands medical care for detained husband
29.5.2024
Mark Mordi, Gambaryan’s legal representative, notified the court on May 22 that his client had been unwell since the previous trial date and was still experiencing health problems