Crypto tax

crypto tax

Tips regarding crypto tax charged by the HMRC

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Crypto tax rules by HMRC are somewhat similar with the ones applying as for stocksHMRC considers crypto gains as capital gains like the gains...
South korea tax on crypto gains

South Korea proposed a 20% tax on gains generated by crypto trades

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South Korea has proposed a bill to introduce a tax on profits created by crypto tradingsThe resident building gains of more than 2.5 million...
Kenya

Kenya expects revenue worth $46 Million with the entry of New Tax Targeting Crypto...

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The Kenya Revenue Authority (KRA) is looking forwards to capitalise on the respective tax and earn upto 5 billion Kenyan shillings within the first...
Bitcoin tax India

Bitcoin Taxation in India

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India has been quite averse towards Bitcoins since its commencement. This is due to the preference of traditional methods existing in the country and...
ITA crypto disclose

ITA asked Israelis to disclose their crypto holdings

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Israeli residents will now have to disclose their crypto holdings to ITA for taxation purpose The tax authority seems to obtain data from all...
IRS

IRS tightens grip, investigate frauds in Cryptocurrency assets

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Sale, purchase, exchange or if any transaction is done in cryptocurrency, it is mandatory to mention in the form with only two options: yes...
cryptocurrency

U.S. crypto regulation must not hinder personal freedom

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The SEC doesn’t want to hinder the personal freedom of individualsWith the expanding DeFi sector difficulties of regulators have also been increasedTrade monitoring system...
IRS

IRS Yet to Decide on How to Tax Ethereum 2.0

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IRS will set the tax guidelines to commemorate the launchTaxing of tokens as they are created would slow down the adoption of the new...
france no crypto tax

Financial Services Agency Announce Their Administrative Policies for the Upcoming Tax Year

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Japan's Financial Services Agency has announced a new set of Financial Administration Policy for the second taxation year of Reiwa on 31st August.The Financial...
IRS

IRS Again Issues Warning Letters to Cryptocurrency Taxpayers

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IRS did a similar thing last year when it sent warning letters to almost 10000 individualsThe first type, Letter 6173 is the most serious...
upbit hack

Hacker Steals 1,000 Traders’ Data from Crypto Tax Filing Platform

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1000+ customer data was compromised in a recent hacking of CryptoTrader.Taxthe hacker on a dark web forum, it all began when the hacker first...

Crypto Assets Subject to Taxation for the First Time in South Korea

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The State Council of South Korea has passed the 2020 Tax Law Amendment.Cryptos like BTC and ETH will also be taxed following the law.crypto...
crypto tax

Cryptocurrency Traders 2020 taxpayer: IRS

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On 26 July 2019, the IRS informed those engaged in virtual currency usage that they have started to send educational letters to taxpayers. Coinbase notified...
IRS

IRS Serious About Crypto Reportings in its New Draft Form

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The Internal Revenue Service (IRS) has recently released the draft form 1040 for the US individual income tax return.On the very first page of...
Taxas Fraud

Texas Authority Issue a Cease, Desist To Halt Scandalous Recruitment Process

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The Texas Securities Commissioner, Travis J. Iles on Friday had filed an emergency order which targeted Lance Angus Jerrard and his companies.As per the...
south korea cryptocurrency

South Korea to Introduce Stricter Tax Reforms for Investment in Digital Assets

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Stricter Tax Reforms for Investment in Digital Assets in South Korea to Outweigh Pandemic Loss. They plan to include such investments under the 20% tax...
Washington D.C. lawyers Cryptocurrency

Washington D.C. Lawyers Now Accepting Payment in Cryptocurrency

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Recently, an ethics opinion released by the District of Columbia Bar Association (DCB) states the lawyers of Washington D.C. can receive crypto payments...
korea tax

South Korean Ministry Likely To Impose Crypto Tax By Next Year

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The Ministry of Economy and Finance of South Korea are preparing to impose income tax on crypto trading and mining from next year. ...

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