Cryptocurrency Analysis and News Portal
Thailand has decided to suspend the implementation of its 15% cryptocurrency capital gains tax for now. The proposal, which was presented earlier this year, triggered a lot of opposition, but it appears that some sort of crypto tax will still be implemented.Thailand will reportedly not proceed with its 15% cryptocurrency
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Indian Finance Minister Nirmala Sitharaman announced a 30% tax on any income from the transfer of virtual digital assets, a first for the nation.Additionally, she also said that the digital rupee will most likely be issued in the 2022-23, which is the first time the government has given a timeline
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"Prima facie, self-declaration of crypto ownership and tax filing is a progressive move that displays the government's conviction in monitoring, validating, and regulating the evolution of crypto economy," Gaurav Mehta, founder of Catax, a one-stop-shop for crypto taxes, blockchain auditing and forensics, said. Original Source
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Thailand has axed plans to levy a 15% withholding tax on cryptocurrency transactions following pushback from the country's crypto traders.Earned income on crypto trading or mining can be reported as capital gains on income taxes, tax officials said on Monday, according to a Financial Times report. The new rules would
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Crypto tax software developer CoinTracker raised $100 million from venture backers, entering growth mode just as the 2022 tax season is gearing up.Now valued at $1.3 billion, 40-person CoinTracker – which last raised $1.5 million in a 2018 seed round – plans to scale its global tech support and integrate
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NFL Star Odell Beckham Jr's (OBJ) decision to take his $750,000 salary in Bitcoin appears to have cost him dearly due to the market crash after he signed the deal. Owing to the vagaries of cryptocurrency tax laws and current prices, OBJ is estimated by some to have made 61%
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The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential Candidate Looks to Attract Young Voters With
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Bitcoin has made its own fair share of millionaires and with the recent bull rally, there is no doubt that this number went up drastically. This has led to a number of issues of investors who have made their money off the digital asset, the main one being taxes. A
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Crypto tax compliance firm TaxBit is working to unite major industry companies like Coinbase and Binance.US within one network to enable free 2021 tax forms for users.The crypto tax software provider on Tuesday launched the TaxBit Network, a certified network aiming to democratize crypto tax calculations and tax forms by
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Thailand is fast-tracking its crypto tax plans as it readies regulations for digital asset traders this month in an effort to provide further clarity on crypto-related activities.The Thai revenue department’s director-general has stated that clear criteria for calculating taxes on crypto trading profits will be finalized this month.The statement comes
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