How to Avoid Getting Rekt by Crypto Taxes
If not careful, investors can end up owing more tax than expected and having to unload crypto to pay the bill. Original Source
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Taxes
How Crypto Will Change Paying Taxes
But if you're an original crypto enthusiast who comes from the early Wild West days when crypto was too complex for governments, central banks and corporate behemoths to understand, then you probably won't recognize what crypto becomes over the next few decades. When all your taxes are collected automatically, physical
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Argentinian Tax Authority Will Be Able to Confiscate Digital Wallets to Collect Tax Debts – Taxes Bitcoin News
The Argentinian Tax Authority (AFIP) will now be able to confiscate the assets that taxpayers have in digital wallets if they have debts with the organization. The recommendation for attorneys of this institution to include these digital accounts was made last year, but the execution of debt collection was suspended
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Russian Government Eyes $13 Billion in Taxes From Crypto Economy – Taxes Bitcoin News
Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as Russian institutions are holding discussions on the future of cryptocurrencies in the country. One Trillion Rubles to Enter State Coffers as
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Kazakhstan proposes power price hikes and taxes targeting crypto miners
The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry.On Feb. 4, Kazakhstan’s First Vice Minister of Finance, Marat Sultangaziyev, proposed a price increase from $0.0023 per Kwh to $0.01
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60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’ – Taxes Bitcoin News
Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign Petition Urging Government to Rethink Crypto Tax Proposal A petition has been initiated on Change.org for the government of India to “introduce
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The Battle to Change How the IRS Taxes Mining and Staking
Two Tezos stakers sued the IRS to get back taxes paid on property they say they created through staking. The IRS offered to pay them back but didn’t commit to clear policy guidance. The stakers will now continue the suit, and they’re being backed by the Proof of Stake Alliance.
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Thailand Relaxes Tax Rules for Crypto Investors, Scrapping 15% Withholding Tax – Taxes Bitcoin News
Thailand has relaxed tax rules for cryptocurrency investors, scrapping its planned 15% withholding tax. “The revenue department did a lot of homework and reached out to crypto operators as well to get feedback … It is much more friendly to both investors and the industry,” said the CEO of a
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Zimbabwe Signs Agreement Enabling Collection of Taxes From Crypto and E-Commerce Entities – Taxes Bitcoin News
The Government of Zimbabwe has confirmed signing an agreement with Daedalus World Limited which enables the latter to collect taxes from crypto and other content providers. Zimbabwe’s Stance on Crypto The Zimbabwean government recently said it had entered into an agreement with the British Virgin Islands-based Daedalus World Limited wherein the
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Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions – Taxes Bitcoin News
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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