Tag: taxation

Not so long ago, Portugal was being applauded as being one of the world’s top destinations for cryptocurrencies. The European country which allowed crypto investors, traders and enthusiasts alike t...

Reports have emerged saying that the Indian tax department is considering imposing an additional 20% tax deducted at source on DeFi, as well as an equalization levy. India already imposes a 30% tax on crypto gains and an additional 1% tax deducted at source. Other countries are also looking at exerting control over DeFi, but no effective measures have been implemented yet. The...

India’s parliament has approved a bill that imposes fines on cryptocurrency transactions. The bill comes shortly after taxation authorities introduced a hefty 30% capital gains tax on digital asset transactions. Regulators will implement the policy from April 1, 2022. According to reports released on Friday, Indian legislators have approved a policy geared towards imposing taxation laws on cryptocurrency transactions. The bill championed by...

The Indian government is considering classifying crypto under its Goods and Services Tax (GST). If it does, crypto could experience a 28% tax rate similar to casinos, betting, and gambling, on top of its GST and TDS taxes Meanwhile, crypto companies are considering leaving the country because of the tax rate. Reports from local media outlets indicate that the Indian government may impose...

One of the most important hindrances whilst trading in cryptocurrencies is evaluating taxes around cryptocurrency assets and profits. This post is all about the top 5 cryptocurrency tax software. Cryptocurrency has made a notable modification in the life of many people. For example, Bitcoin is illegal in...

The global adoption of cryptocurrencies continues to rise, as digital assets have proven that they are here to stay. The rise of its fortunes and popularity continues to be a good thing. There seem to be some issues surrounding the growth of the space. One of such issues is Crypto Tax and Regulation. The financial regulators of many nations are still struggling to...

Despite the holiday week, NFTs still found plenty of headlines this week, as we close out November. Musician's engagement was a particular focus this week, as a number of different artists announced or released projects this past week. Meanwhile, at a 30,000 foot view, countries across the globe continue to have their own respective battles about taxation of NFTs. We're looking at some...

Amid the ongoing controversy surrounding virtual asset taxation in the country, South Korea's Financial Authority recently proclaimed non-fungible tokens (NFT) as taxable. On Tuesday, The Financial Services Commission (FSC) of South Korea, announced that it would start taxing NFTs. According to The Korea Herald, from January next year, this tax law amendment would impose a 20% tax on...

Let’s focus. If we do, we can finish our analysis of Saifedean Ammous’ “The Bitcoin Standard” this century. The rest of this chapter is all about inflation, the buzzword of the last few months. As the whole world is feeling the effects of something that’s day-to-day life for small economies, people in privileged countries are curious about why their purchasing power decreases every...

The time has come, book lovers. The time to discuss “time preference,” a key concept that will help you make sense of the world around us. If you already own BTC, you know how it changes your priorities and makes you a more measured individual, focused on the future. The whole “...

The Bitcoin 2021 conference is over. The lessons remain. This time, they turned off the livestream’s chat. An elegant solution. A wasted opportunity, the virtual community couldn’t gather around the fire. But hey… much better than watching robots pushing low-quality projects non-stop. And it was easier to focus on the presenter’s words. Still, it felt like something was amiss....

As the crypto selloff is happening since last week, crypto investors were all shocked by major news coming straight from the US. The entire cryptocurrency market fell more than 12%, and the market capitalization fell below the USD 2 trillion marks. The first sell-off was related to a normal price adjustment, as the crypto market went way high for an extended...

The move aims to resolve tax dilemma since it produces a variety of tax filing formats that the IRS requires.

The US-based crypto taxation startup is focusing on the mainstream adoption of digital assets.