Australian Tax Office Warns Crypto Investors on Capital Gains Obligations
The Australian Taxation Office (ATO) has published a guideline that sets out warnings for crypto investors on tax obligations around digital assets and NFTs. Source
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Tax
Portugal Makes U-Turn on Cryptocurrency Tax
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Portugal to lose crypto tax haven status as state announces gains duties
To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date.The move to start taxing crypto was seconded by Secretary of State for Tax Affairs António Mendonça Mendes on May 13 according
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Crypto capital gains one of four key areas for Australian Tax Office
The Australian Taxation Office (ATO) has outlined crypto capital gains as one of four key areas of focus in 2022. A capital gain or loss refers to the price difference between the time an asset was purchased and the time it was sold. The percentage owed to the ATO varies
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Argentinian Senate Passes Bill That Would Tax Assets Held in Foreign Countries, Including Crypto – Regulation Bitcoin News
The Argentinian Senate has approved a bill that would allow the government to tax non-declared assets held in foreign countries by citizens of the country. This includes stocks, properties, bonds, and even cryptocurrencies. The purpose of the legistlation would be to collect more funds to pay the $45 billion debt
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Germany Publishes First Nationwide Tax Guide for Crypto
The finance ministry letter deals with the income tax treatment of mining, staking, lending, hard forks and airdrops. Original Source
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International Tax Consortium Lists ‘Red Flag Indicators’ of Fraud in NFT Marketplaces
The guidance is the first of its kind from the Joint Chiefs of Global Tax Enforcement, also known as the J5. Founded in 2018, the J5 is made up of representatives of tax agencies from Australia, Canada, the Netherlands, the United Kingdom and the U.S., and is tasked with sharing
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No Legal Tender, but Digital Assets Exempt From Capital Gains Tax
Panamanian Congressman Gabriel Silva – the sponsor of a bill passed on Thursday regulating the use of cryptocurrencies in the country – said the bill doesn't allow for any crypto to become legal tender, but makes possible free use of crypto as a means of payment for any transaction. Source
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Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles
The capital of Argentina and an agglomeration with more than 12 million citizens, Buenos Aires will make blockchain a vital part of its digitalization drive. Specifically, the city will accept public financial transactions in crypto. As city Mayor Horacio Rodríguez Larreta revealed in his Steve Jobs-styled presentation on April 25, the
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India to Give Clarity on Tax Provision Within Two Months: Sources
India to Give Clarity on Tax Provision Within Two Months: Sources Original Source
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