Crypto tax Financial News

19.04 / 04:23

crypto regulation crypto tax Canada To Adopt International Standard For Crypto Tax Reporting – Here’s What That Means

Canada is set to become one of the first nations to adopt the International Crypto-Asset Reporting Framework (CARF) for taxation by 2026, as outlined in a supplement to the country’s 2024 annual budget, as reported by the National Post on April 16.

18.04 / 06:23

crypto mining crypto tax Sweden Busts 18 Data Centers for Secretly Mining Crypto

Sweden’s tax agency identified irregularities in 18 locally operating companies, finding that they hid their involvement in crypto mining, it said Wednesday.

17.04 / 12:37

Provident Digital crypto tax cover information reports Crypto Service Providers in Canada Must Report Transfers, Customer Data By 2027

Crypto firms in Canada will soon face increased disclosure obligations, per regulations introduced in Tuesday’s 2024 federal budget.

15.04 / 01:09

markets Digital Trade crypto tax reports Japan’s Ruling Party Urges ‘Immediate’ Crypto Tax Reform

Japan’s ruling party, the Liberal Democratic Party, wants the government to carry out “immediate” crypto tax reforms.

11.04 / 12:17

Trade Lawsuit crypto tax information reports Courts Videos Crypto Tax Law Firm Accuses Ex-Employee of Stealing Secrets for YouTube Videos

A law firm specializing in crypto taxation recently filed a trade secrets lawsuit in an Illinois US District Court. It names a competitor and a former employee as defendants, alleging misappropriation of confidential materials through YouTube videos. These include templates, client forms, and other proprietary information.

08.04 / 17:37

IRS Chainalysis crypto tax Former IRS Criminal Investigations Chief Joins Chainalysis as Global Head of Capacity Building

Jim Lee, a 29-year veteran of the United States government with a significant tenure as the chief of the Internal Revenue Service’s (IRS) Criminal Investigations team, has transitioned to a new role at cryptocurrency analytics firm Chainalysis.

12.03 / 15:42

COST Digital President crypto tax Bitcoin reports Biden’s Budget Proposal for 2025 Rekindles Discussion of 30% Electricity Tax for Crypto Miners

President Joe Biden has reignited the debate surrounding implementing a 30% tax on electricity used by crypto miners in a budget proposal for 2025.

12.03 / 03:01

Election crypto mining crypto tax President Biden Proposes Crypto Mining Tax and Wash Sale Rule in 2025 Budget Proposal

U.S. President Joe Biden released his 2025 budget proposal on Monday featuring a number of provisions aimed at altering the cryptocurrency industry, including a wash sale rule for digital assets and an excise tax for crypto mining operations.

11.03 / 08:35

Digital ETF crypto tax Bitcoin track reports South Korea Aims To Launch Virtual Asset Tracking System to Ensure Tax Transparency

South Korea plans to launch a tracking system that aims to ensure virtual asset users aren’t avoiding taxes.

04.03 / 12:03

community trends Trade crypto tax reports Indonesia Watchdog Urges Finance Ministry to Re-Evaluate Crypto Tax Regime

Indonesian crypto regulator has requested the country’s Finance Ministry to reconsider the current ‘dual taxation’ on crypto transactions.

28.02 / 07:07

Provident Digital IRS crypto tax information reports International IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts

The Internal Revenue Service (IRS) said on Tuesday that it hired two crypto industry executives to aid in digital asset reporting, compliance, and enforcement programs.

22.02 / 10:03

UPS crypto tax track electronic innovations South Korean Province Collects $4.6M in Back Taxes Using Crypto Tracking System

South Korean province of Gyeonggi is utilizing a clever new system to catch tax dodgers hiding their wealth in cryptocurrency. The innovative approach has already recovered a total of $4.6 million in owed taxes from just one group of delinquents.

22.02 / 05:41

UPS crypto tax track electronic innovations South Korean Province Collects $4.6M in Taxes Using Crypto Tracking System

24.01 / 13:55

IRS Tax crypto tax US IRS Reminds Taxpayers to Report all Crypto-Related Income

The US Internal Revenue Service (IRS) has issued a reminder to all taxpayers to report any crypto-related income. The tax regulator has included a digital asset question on 2023 tax return Form 1040.

17.01 / 16:39

Crypto regulations crypto tax What Future of Crypto Taxes and Regulations May Look Like in India – Insights From Expert

The Indian crypto market is buzzing with talks of taxation and regulations. With the central government set to announce the interim budget on 1st February, crypto exchanges and traders are hoping for relief from the 1% TDS (Tax Deducted at Source) and 30% tax on crypto. However, the chances of their wish being granted seem less likely.

03.01 / 00:58

IRS crypto tax Crypto Investors Beware: IRS Crypto Tax Reporting Rules for $10k+ Transactions Now in Effect

The controversial crypto tax reporting requirements within the bipartisan infrastructure bill signed into law in 2021 are now in effect as of January 1.

19.12 / 21:07

UK crypto tax HM Treasury services Crypto Tax Software CoinTracking Launches Services in the UK to Demystify Tax Code

Digital asset tax solution, CoinTracking has launched its services in the UK providing investors multiple opportunities for tax calculations, and payments as well as keeping tabs on compliance requirements.

06.12 / 08:03

Blockchain Digital Nikkei crypto tax country reports Japan to Exempt Companies From Unrealized Crypto Gains Tax – Report

Japanese lawmakers discussed Tuesday on plans to exempt companies from paying tax on unrealized cryptocurrency gains. The proposal is set to be included in the fiscal 2024 tax reform plan.

05.12 / 19:33

crypto tax Crypto Adoption The City of Lugano Drives Crypto Adoption, Accepts Bitcoin and Tether for Tax Payments

The city of Lugano, Switzerland made a bold move to drive cryptocurrency adoption by announcing today that it will now accept tax payments in Bitcoin (BTC) and Tether (USDT). As of today, Lugano’s citizens and companies can use the two digital currencies to pay any municipal invoice, including property and income taxes.

01.12 / 15:13

crypto tax Nexo Koinly Crypto Loans Platform Nexo Integrates Koinly to Ease User Tax Obligations

Nexo, a lending platform that provides instant crypto loans, has partnered with Koinly to simplify user’s tax reporting.

28.11 / 18:15

regulation crypto tax Tax Agency Updates Crypto users Spain’s Crypto Users to Declare Digital Assets on Foreign Platforms as Tax Agency Updates Guidelines

Spain’s tax administration agency, popularly called Agencia Tributaria has released new rules governing digital asset reporting in the country that will see holders declare their foreign-held assets.

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