8 / 8 Relevant items tagged with #Taxes

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Arizona lawmakers seek to make crypto a tax-exempt property

[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.

Terra accidental airdrop leads to smear campaign, community member claims

[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.

Romania Carries Out Raids as Part of Crypto Tax Evasion Probe

[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…

Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees

[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…

ECB official urges CBDC development for the good of cryptocurrency and consumers

[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.

Italy approves 26% capital gains tax on cryptocurrencies

[Jan 2, 2023 11:04 AM] The Italian Senate approved the new tax rate for crypto trading as part of the budget legislation for 2023.

Italian Parliament Approves 26% Tax for Cryptocurrency Gains in 2023 Budget Law

[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…

SBF stays at parents’ house on a $250 million bail: Law Decoded, Dec. 19-26

[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.

US Government Delays Tax Reporting Rules for Cryptocurrency Brokers

[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…

The outcome of SBF's prosecution could determine how the IRS treats your FTX losses

[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.

Brussels Wants All Crypto Service Providers to Report Transactions of Europeans

[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…

EU To Force Crypto Companies To Report Their Users’ Holdings To Tax Authorities

[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…

Argentina Signs Automatic Tax Data Sharing Agreement With the United States

[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…

How can UK-based businesses accept Bitcoin?

[Dec 5, 2022 9:08 AM] Through Bitcoin payment processors like BitPay, businesses in the UK can offer BTC as a payment method during checkout.

Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions

[Dec 5, 2022 5:30 AM] A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to…

Italy Wants to Tax Crypto Gains at 26% From 2023

[Dec 1, 2022 8:30 AM] The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year. The center-right coalition in power is also preparing to oblige Italians to declare their digital assets and…

Kenyan legislation establishes crypto taxation, creates consumer protections

[Nov 21, 2022 1:00 PM] The country’s first effort at crypto regulation amends its Capital Markets Law to define crypto as a security and establish reporting, tax and other requirements.

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

[Nov 21, 2022 12:30 AM] A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the…

Brussels Set to Begin Talks on EU Crypto Tax, Report Reveals

[Nov 12, 2022 1:30 AM] The European Commission is preparing to discuss with member states the adoption of a common tax regime for crypto assets, European officials have indicated. The talks with national treasuries are expected to start next year with the aim to end the…