Tag: tax

Jan 11 2021

Kentucky Bill Seeks to Lure Crypto Miners With Tax Breaks

Jan 11 2021 Published at CoinDesk under tags  kentucky mining news policy & regulation tax

Reps. Rudy and Freeland's bill would exempt crypto miners from paying either Kentucky sales or excise tax.

Jan 08 2021

South Korea Plans to Implement 20% Tax on Cryptocurrency Profits in 2023

The Government is planning a 20% tax on cryptocurrency investors making an annual income of more than 2.5 million Won.

Jan 07 2021

PayPal, Coinbase Invest in Crypto Taxation Platform Taxbit

The platform offers automated crypto taxation calculation to partner exchange users.

Jan 04 2021

The Tax Man is Coming for Bitcoin: IRS “Enforcement” Impending in 2021

Crypto holders are believed to be a major driving force behind a widening "tax gap" in the United States.

Jan 01 2021

Proposed Indian Crypto Tax Might Kill the Local Industry

The government is expecting to gain $1 billion in taxes from Bitcoin trades.

Dec 29 2020

India Mulls Imposing 18% Tax on Bitcoin Transactions

Dec 29 2020 Published at CoinDesk under tags  bitcoin india markets news policy & regulation

The move is viewed by some as a sign the Indian government is warming up to cryptocurrencies.

Dec 28 2020

Israeli Tax Agency Seeking Crypto Holding Disclosure

Crypto profits are taxed at 25 percent in the country as capital gains.

Dec 07 2020

Thai Excise Department Will Deploy Blockchain Tech to Boost Tax Collection

Dec 07 2020 Published at CoinDesk under tags  government news policy & regulation tax tech

All three of Thailand's tax departments reportedly aim to improve tax revenue collection using blockchain technology.

Dec 05 2020

India Plans to Tax Income From Bitcoin Investments: Report

Dec 05 2020 Published at CoinDesk under tags  india markets news policy & regulation tax

The country's income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times.

Nov 26 2020

Russian Prime Minister Pledges to ‘Civilize’ Crypto Market and Prevent Scams

Nov 26 2020 Published at CoinDesk under tags  law news policy & regulation russia scams

Changes to the law will bring Russia's crypto users more protections against fraud, said Mikhail Mishustin.

Nov 25 2020

South Korea May Delay Implementation of 20% Crypto Tax Till 2022

The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.

Nov 24 2020

Lithuania Makes Millions in First Sale of Seized Cryptocurrency

The sale of bitcoin, ether and monero brought in €6.4 million, or $7.5 million.

Nov 12 2020

Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting

Nov 12 2020 Published at CoinDesk under tags  news policy & regulation regulation russia tax

Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders if passed.

Sep 10 2020

How To Calculate Taxes on Crypto (Best Crypto Tax Software)

The post How To Calculate Taxes on Crypto (Best Crypto Tax Software) appeared first on CoinSutra - Bitcoin Community. Cryptocurrencies brought four main groups together: investors, traders, miners, and thieves. As the cryptosphere gained more traction, revenue authorities came knocking and started talking about the need for crypto traders and...

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