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Binance, WazirX among crypto firms evading taxes in India, says gov’t

[Dec 4 1:40 PM] India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said.

Ohio to consider accepting crypto for tax payments and fees

[Sep 30 9:25 PM] They tried once in 2018, but the State Board of Deposits "failed" to show any enthusiasm.

Treasury and IRS Announce Digital Asset Tax Reporting Regulations

[Jun 30 1:21 PM] The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the…

South African Tax Authorities Scrutinize Crypto Traders Amid Compliance Uncertainty

[Jun 23 1:08 AM] South African crypto traders have reportedly started receiving notices from the South African Revenue Service (SARS) indicating that their tax affairs are under review. The revenue collector is gathering information from various crypto-asset…

IRS Releases Draft Tax Form for Digital Assets — Expert Raises ‘Major Privacy and Security Concerns’

[Apr 20 7:32 PM] The U.S. Internal Revenue Service (IRS) has released a draft tax Form 1099-DA for reporting digital asset proceeds from broker transactions. Brokers, including unhosted wallet providers, are required to report proceeds from digital asset…

Latam Insights: Paraguay Targets Bitcoin Miners, Brazil Mulls Crypto Taxation Changes

[Apr 7 9:42 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguayan lawmakers introduce a bill to ban cryptocurrency mining, Brazil to change crypto taxation…

Latam Insights: Bukele Wins Presidential Ballot by Landslide, Brazil Strengthens Crypto Tax Oversight

[Feb 12 2:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Nayib Bukele wins the presidential elections in El Salvador, the Brazilian tax authority finds over 25,000…

Coinbase Sounds Alarm on IRS Crypto Tax Proposal

[Oct 12, 2023 3:00 PM] As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.

Ukraine Government Reveals Crypto Firms Have Cost The Country $81 Million In Lost Taxes

[Aug 3, 2023 10:00 AM] According to data released by the Ukrainian government, cryptocurrency firms offering services in Ukraine have failed to contribute over $81 million in taxes to the country’s budget in the past decade. This comes after the country passed a crypto…

Crypto Tax Guidance Could Come 'in 12-ish Months,' Says IRS Official

[Apr 28, 2023 3:18 PM] The IRS' point person for taxation of cryptocurrencies stresses need for community engagement at Consensus 2023

Nervous About Crypto Taxes? Donate Your Profitable Holdings Instead

[Apr 17, 2023 3:34 PM] If you hold crypto that has appreciated in value for more than one year, you won't need to worry about paying capital gains taxes and you’ll reap the benefits of one of the most generous deductions in the tax code, Adam Nash writes.

New 1099-DA Reporting Creates More Headaches for Taxpayers

[Apr 13, 2023 10:59 AM] You might think that new tax reporting rules for exchanges should mean less work for the taxpayer, but it’s the opposite, says CPA Kirk Phillips.

IRS Seeks to Tax NFTs Like Other Collectibles

[Mar 21, 2023 8:56 AM] Digital proofs of ownership will be taxed like the underlying assets until rules on how to treat assets in retirement accounts are finalized

Where Are the Crypto OGs? — Taxation Is Theft, but Joe Biden Needs Ice Cream Money

[Jan 26, 2023 6:30 AM] Bitcoin was once viewed as a means to opt out of violent, legacy financial systems. Now, it is being co-opted by the very same, and zealous newcomers to crypto think that’s a good thing, while still giving lip service to peer-to-peer values…