Cryptocurrency Analysis and News Portal
India has kept its restrictive crypto tax rules unchanged in 2023. In fact, Finance Minister Nirmala Sitharaman did not mention crypto, virtual digital assets or central bank digital currencies or the digital rupee while unveiling the nation’s budget which indicates the latest tax rules. Source
Read More
India is unlikely to change its restrictive crypto tax rules when Finance Minister Nirmala Sitharaman unveils the country’s new budget on Wednesday, CoinDesk has learned. Original Source
Read More
The report “suggests the introduction of a European tax on crypto-assets, whose revenues would flow into the European budget,” said the report by French lawmaker Valérie Hayer and Portuguese social democrat José Manuel Fernandes. “Regulating and taxing crypto-assets at EU level is more efficient than at national level given their
Read More
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 3.5% aliquot for undeclared cryptocurrencies held before Dec. 31, 2021, and
Read More
The 26% rate applies to gains from crypto trading if they exceed 2,000 euros per tax period. As an incentive for declaring crypto profits, the new bill also sets a "substitute income tax" for investors at 14% of the value of the assets held as of Jan. 1, 2023, instead
Read More
Place/Date: - December 11th, 2022 at 12:04 pm UTC · 4 min read Source: Big Eyes Coin 2021 was the best year in terms of trading with crypto. It was the time of the green run for the market. After 2021, many
Read More
The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget.The government's “2022 Fall Economic Statement” released on Nov. 3 by Deputy Prime Minister Chrystia Freeland works as a fiscal update in conjunction with its main
Read More
The Fall Economic Statement, a mini-budget released by Deputy Prime Minister Chrystia Freeland, is the government's fiscal road map over the coming months. Among provisions on taxes, recovering from COVID-19 and hurricanes, and budget projections was a section on the "digitalization of money," which highlighted cryptocurrencies and digital assets and
Read More
It's important the government recognizes that it shouldn't lump all digital assets "into one basket, as they are extremely varied," said Talis J. Putnins, a crypto researcher at the University of Technology Sydney. "Legislators need to keep in mind that digitization and tokenization is a technology not an asset class." Source
Read More
Authorities in Portugal intend to impose a levy on gains from short-term crypto investments with the state budget for next year. The document, which still needs the approval of Portuguese lawmakers, signals a change in the EU nation’s positive attitude towards crypto assets. Government of Portugal Proposes New Tax for
Read More