Tag: crypto tax

Feb 01 2023

This Small Trick Can Help U.S. Investors Save A Fortune On Crypto Taxes

Crypto taxes in the United States can be a complex and overwhelming topic for many investors. With the increasing popularity of cryptocurrencies, it's important to understand the tax implications and obligations associated with holding and trading digital assets. The Internal Revenue Service (IRS) considers cryptocurrencies as property for tax purposes, and as such, profits made The post This Small Trick Can Help U.S....

Jan 26 2023

Union Budget 2023: Can We Expect A Rationalized Crypto Tax Policy?

Indian Finance Minister Nirmala Sitharaman will present the Union Budget 2023 on February 1. FM will present the country's income and expenditure plans along with new...

Jan 23 2023

How Will Digital/Virtual Assets Be Taxed In 2023? Keeping Crypto Investors In Mind

Finance Minister Nirmala Sitharaman will present the country's projections for income and expenditure on February 1. Given the government's strong position on cryptocurrencies, the Indian...

Dec 16 2022

Japan to ease 30% crypto tax for crypto businesses

Dec 16 2022 Published at Coinscreed under tags  crypto businesses crypto tax japan news

In Japan, crypto issuers and businesses pay a set 30% corporate tax rate on their holdings, regardless having made a profit or not. However, the government is making plans to ease the levied tax. As part of its efforts to promote development in the domestic financial and IT industries, the Japanese government plans to relax […] The post Japan to...

Dec 03 2022

Explained: What Is Meant by AMC Regulation?

AMC Regulation: If you are new to investing, you may have heard the term "AMC" a number of times. AMCs are one of the...

Dec 02 2022

1% TDS on Crypto in India. Here’s Everything You Need to Know

TDS on Crypto: The one percent tax deducted at source (TDS) rule for cryptocurrency transactions, which went into effect on July 1, 2022, has resulted in a dramatic decline in trading volume on Indian exchanges. Short- term traders, day traders, and anyone looking to invest in cryptocurrencies for a short period of time have been most The post 1% TDS on Crypto in India....

Nov 21 2022

Kenya Debates New Crypto Tax Bill

Lawmakers in Kenya are debating the Capital Markets (Amendment) Bill 2022 which seeks to introduce crypto taxation to crypto exchanges, digital wallets and individual transactions. Local publication Business Daily reports that a bill sponsored by MP Abraham Kirwa is seeking to introduce a 20% excise tax on every cryptocurrency transaction executed in the country.


Nov 16 2022

Best Crypto Tax Software In US In 2022-23

Nov 16 2022 Published at Coingape under tags  blog cryptoguru crypto tax crypto tax u.s.

Crypto taxation has become a highly debatable topic, as paying tax for the trade you have carried out on...

Oct 31 2022

AFIP intensifies fight against crypto tax evasion

Oct 31 2022 Published at Coinscreed under tags  afip cryptocurrencies crypto tax tax

After conducting raids on cryptocurrency mining companies, Argentina's tax office, AFIP, is now stepping up its efforts to combat tax evasion related to cryptocurrencies. 3,997 individuals who used cryptocurrencies in 2020, according to a local report, received letters from the tax agency instructing them to change their property tax affidavits to reflect their ownership of […] The post...

Oct 28 2022

Australia Decides To Treat Crypto As An Assets Class In 2022 Budget

Amidst the world's jurisdictions preparing legislation for the crypto sector, Australia adopts a less-favoured approach when it comes to taxation. On Tuesday, Australia released its national budget for the year 2022-2023. The Aussie government mentioned in the papers that digital assets would be recognized as an asset class regarding tax policies and...

Oct 19 2022

IRS Drafts New Crypto Reporting Rules for Tax Year 2022

Oct 19 2022 Published at Crypto Briefing under tags  crypto tax irs news tax taxes

The Internal Revenue Service (IRS) has released a draft of new instructions to U.S. taxpayers on reporting digital asset activity. IRS Releases Draft Tax Document The IRS is expanding its...

Sep 24 2022

Why Crypto Tax Evaders Should Worry About The IRS

Sep 24 2022 Published at UseTheBitcoin under tags  breaking crypto news crypto tax irs

The cryptocurrency market has grown in popularity and become mainstream throughout the years. Consequently, as the crypto community grows larger, trading volumes increase to new highs and with the growing acceptance of cryptocurrency as a mode of payment, the United States is also making more effort to ensure that the Internal Revenue Service (IRS) can properly collect crypto tax on digital assets.

Sep 13 2022

Crypto tax services in 2022: How to use them

Crypto tax is levied by the government on transactions done using cryptocurrencies be it digital assets or not. Crypto tax gives owners a headache when they realize they have to document their virtual transactions along with their regular ones. That’s where the use of Crypto tax services comes in, to find out exactly what you’re […] The post Crypto tax...

Aug 31 2022

Jusi In: Japan Mulls Tax Relaxation For Cryptos

Aug 31 2022 Published at Coingape under tags  cryptocurrency crypto tax japan news

Japan’s Prime Minister Fumio Kishida has come up with a new initiative to boost the country’s economy amidst the global economic slowdown. In the latest development, Japan’s financial watchdog proposed a...

Aug 25 2022

This Is When Japan Will Overhaul Crypto Tax Save Emerging Companies

Aug 25 2022 Published at Coingape under tags  crypto tax japan news

To prevent emerging startups from migrating out of the country, Japan is planning to soon launch new crypto tax rules. The country's Financial Services Agency and Ministry of Economy, Trade and Industry will...

Aug 23 2022

South Korea Considers a Gift Tax on Crypto Airdrops

Due to a lack of legal framework and investor protection safeguards, South Korea has repeatedly delayed the implementation of its cryptocurrency Gift Tax. Despite the suspension of the cryptocurrency gains fee until 2025, the South Korean Ministry of Strategy and Finance said on Monday that hard forked tokens, staking incentives, and airdrops of virtual assets […] The post...

Aug 12 2022

Everything You Need to Know About Calculating Crypto Taxes

Taxes and crypto are turning into hot items. Until a few years ago, nobody cared much about it. However, nowadays, the IRS and tax authorities in other countries are on the ball. Each country seems to have different laws as well. That may be confusing, pending where you live. Some countries are crypto tax friendly. Portugal or Germany come to mind. On the...

Jul 23 2022

South Korea Delays Crypto Tax Until 2025

South Korean authorities have yet again postponed imposing crypto tax until 2025, mentioned in the official announcement. This new proposal aligns with the new President Yoon Suk-yeol's view, which is of the opinion that crypto taxation is secondary. The primary task at hand is to ensure that the market infrastructure is in place. Once the market infrastructure is established then the taxation of...

Jul 21 2022

South Korea defers 20% crypto tax implementation to 2025

Jul 21 2022 Published at CryptoSlate under tags  crypto crypto tax south korea taxes terra

The South Korean government on July 21 reportedly postponed the implementation of its 20% crypto tax to 2025, according to South Korean news outlet hankyung. Crypto tax delayed According to the report, the government cited the lack of a proper investor protection system alongside the current unfavorable market condition as why it decided to defer the crypto tax implementation by...

Jul 06 2022

WazirX report: crypto tax discourages 83% of Indian crypto traders

Jul 06 2022 Published at Coinscreed under tags  crypto tax news wazirx

In the midst of a merciless bear market, it appears that the majority of Indian crypto traders have chosen to hibernate with two consecutive taxes poised to nibble away at their holdings. India is a case study for the effects that anti-crypto policies might have on a booming economy. A research from WazirX demonstrates a […] The post...

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