[Mar 15, 2023 3:00 PM] Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K…
[Mar 10, 2023 6:30 AM] Thailand’s government has said companies that issue digital tokens will receive a waiver that exempts them from paying corporate and value-added tax. According to a report, the Thai government anticipates losing just over $1 billion in tax…
[Mar 9, 2023 8:00 AM] The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings.
[Mar 6, 2023 1:30 AM] Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused…
[Mar 3, 2023 4:30 AM] The Spanish tax agency has included crypto as part of its new guidelines for this year’s upcoming tax collection season. Apart from boosting the channels for voluntary tax applications, the agency will potentiate the investigation of…
[Mar 2, 2023 12:15 PM] A D.C. court denied a motion to dismiss claims that Michael Saylor failed to pay personal income taxes, with a status conference on the matter scheduled for March.
[Feb 28, 2023 7:30 AM] Bitcoin evangelist Jack Dorsey’s Cash App is making it easier for BTC holders to calculate their taxes with the TaxBit integration.
[Feb 15, 2023 7:20 AM] The Agenda podcast discusses the importance of financial literacy and education in Part 2 of a conversation with BTC advocate and entrepreneur Najah Roberts.
[Feb 13, 2023 9:30 AM] Brazilians will now be able to pay part of their state taxes using cryptocurrencies. Banco do Brazil, a mixed ownership bank, is launching the option of paying a set of taxes with crypto, using Bitfy, a Brazilian cryptocurrency startup, as a…
[Feb 13, 2023 5:00 AM] Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various…
[Feb 6, 2023 1:50 AM] The new tool helps users access tax details aligning with their crypto activity to help report information during the upcoming tax season.
[Feb 3, 2023 5:30 PM] While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees…
[Feb 1, 2023 3:47 AM] Experts opine that the Indian government needs more data and time to decide on rigid tax policies, given it has been only ten months since the tax laws were introduced in March 2022.
[Jan 28, 2023 4:50 AM] The IRS’s recommendation to check “Yes” boils down to receiving, earning, transferring or selling cryptocurrencies for any monetary benefit, including mining and staking.
[Jan 24, 2023 3:55 PM] Should the bill pass the legislature, Arizona voters could choose whether virtual currency is tax exempt as part of a November 2024 ballot measure.
[Jan 10, 2023 3:59 AM] TFL claimed that the airdrop receiver refused to return the funds, while the user claimed that he was on the verge of settlement with the firm when the former decided to run a smear campaign.
[Jan 8, 2023 3:30 AM] Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders…
[Jan 7, 2023 5:30 AM] Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms…
[Jan 5, 2023 1:15 PM] ECB board member Fabio Panetta has woven his enthusiasm for blockchain technology and skepticism of cryptocurrency into an argument that supports both, albeit begrudgingly.
[Jan 2, 2023 4:00 AM] The Italian Parliament has introduced a 26% capital tax on cryptocurrency gains as part of the 2023 budget law, which was approved on Dec. 29. The document also offers incentives for taxpayers to declare their cryptocurrency holdings, proposing a…
[Dec 26, 2022 2:00 PM] A bail was granted to SBF on the conditions of a $250 million bond, home detention, location monitoring and the surrender of his passport.
[Dec 25, 2022 4:00 AM] The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S…
[Dec 16, 2022 4:48 PM] Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win.
[Dec 9, 2022 6:30 AM] The European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are…
[Dec 8, 2022 10:46 AM] Potentially, even companies outside of Europe could be forced to disclose user holdings according to the EU.The European Union indicated Thursday that it will make cryptocurrency companies report their European users’ holdings to tax…
[Dec 6, 2022 4:30 AM] The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of economy of Argentina, and U.S. ambassador Marc…
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