South Korea Will Introduce 20% Tax On Bitcoin Profits In 2022
After a lot of debates and discussions, South Korea seems to have set a hard date for the introduction of crypto taxation. The latest reports indicate that the country will ...
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Tag: TAX
Double Taxation Of Cryptocurrencies Coming To An End In Singapore
The double tax on cryptocurrencies affects their widespread use in the country as people are discouraged by the high costs that come as a result. Putting an end to GST ...
Ohio Issue – Paying Taxes in Bitcoin Attracts Very Few So Far
So far, very few people have taken up the recently launched option to pay their state taxes in bitcoin, Ohio’s new state treasurer says. Cleveland.com reports that Republican Treasurer Robert ...
Japan Starts Accepting the 2018 Final Income Tax Returns. More Crypto Buyers Soon?
The Nikkei announced that the Japanese Tax Agency has already started accepting the 2018 final income tax returns. People with annual salaries that surpass 20 million yen or non-salary income ...
How Donating Cryptos Can Help You Save on Taxes
The price of Bitcoin has dwindled for the most part of 2018. The plunges have prompted several investors to cash in on their assets to avoid further losses. Nonetheless, the ...
French Legislators are Proposing to Lower Taxes on Bitcoin Gains
According to reporter Myriam Rivet France’s finance lawmakers in lower house of parliament in Paris backed plans on Wednesday to to lower taxes on Bitcoin gains, bringing it in line ...
The IRS Estimated that American Crypto Investors Had Owed Capital Gains Tax on $92 Billion Last Year
The year 2017 was a bumper one as far as cryptocurrencies are concerned since most of the digital coin prices have surged unimaginable levels and percentage of growth from the ...
US Congressional Committee Calls IRS to Clarify Cryptocurrency Tax Guidance
An official letter by US committee on September 19 asks Internal Revenue Service (IRS) to clarify cryptocurrency tax codes. The letter points IRS commissioner David Kautter urges to publish clear ...
Cryptocurrency Taxes: How Much Bitcoin is Taxed and What Are Your Responsibilities?
Vytautas Zabulis, Co-Founder & Managing Director of HODL Finance shares insights regarding cryptocurrency taxes. Vytautas Zabulis, Photo: Judita Grigelyte (VZ.lt). On September 7, finance ministers from the European Union ...
Venezuelan President Nicolas Maduro Ordered Banks to Adopt the Petro Cryptocurrency
CARACAS (AFP) - Venezuelan President Nicolas Maduro ordered banks to adopt the petro cryptocurrency as a unit of account Monday, as the country struggles to emerge from a severe political and ...