The Bahamas To Let Residents Pay Taxes In Crypto
The Bahamas has set out a digital asset strategy in their whitepaper that will enable the residents of the country to pay their taxes using cryptocurrency. After the launch of ...
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Tag: Taxes
Is Austin The Next US Crypto Hub?
The City of Austin gets ready to become America’s next crypto hot spot by passing two resolutions that are focused on crypto and blockchain innovation. Innovative cities throughout the United ...
U.S Lawmakers Reintroduce Bill Exempting Crypto Transactions Under $200 From Taxes
Suzan DelBene, a pro-crypto Democrat House Representative for Washington, has reintroduced a draft bill to exclude crypto users from paying taxes on transactions under $200. DelBene previously co-authored the renewed ...
Coinbase Users Can Get US Tax Refunds In Crypto As Part Of Turbo Tax Deal
Coinbase crypto exchange said that users may send the funds to their accounts in fiat, or automatically change it to cryptocurrency with no trading fees. Tax filing platform TurboTax is ...
Indian Taxman Recovered $6.62M From WazirX For Tax Evasion On Commission
The government officials from CGST Mumbai Zone managed to recover the funds from the WazirX crypto exchange after detecting a GST evasion of $5.43 million on trade commissions. Indian crypto ...
Australia Approves 6 New World Leading Crypto Reforms
The Australian government has successfully approved six out of nine crypto proposals that an Australian Senate Committee brought forward in September 2021. The crypto reforms are part of the preparations ...
The UK Introduces 2% Tax For Crypto Exchanges
The latest report confirms that the tax authority in the United Kingdom has introduced a new digital services tax for all cryptocurrency exchanges operating within its jurisdiction. According to a ...
South Korea Financial Authority Says NFTs Are Taxable
Korean legislators now plan to impose taxes on nonfungible tokens NFTs after classifying them as virtual assets. The South Korean Financial Services Commission (FSC) announced on November 23 that NFTs ...
Puerto Rico Records Massive Resurgence Of Crypto Interest Among Crypto Rich
Puerto Rico, a Caribbean island and an incorporated territory of the United States, has confirmed increased crypto interests, with the island state now seeing a heavy resurgence of interest amid ...
China’s Property Shares Plunge On Tax Worry Indicating Signs Of Weakness
On October 18, Chinese property shares fell while Beijing pushed ahead with plans for a property tax. All that happened amid fresh signs of weakness in the real estate market. ...