Tax Financial News

19.06 / 04:53

FIVE Citizens Coinone Tax Bill South Korean Province Seizes $138k of Crypto from Tax Evaders

A South Korean province has seized around $138,000 worth of crypto from 31 “tax dodgers,” as a nationwide crackdown continues.

07.08 / 09:11

markets Southern Tax Bill Bitcoin Investigations Seoul’s Gangnam to Begin Seizing Crypto from Local Tax Dodgers

Seoul’s Gangnam District says it will probe almost 2,000 residents to check if they have crypto holdings as part of a crackdown on tax evasion.

05.08 / 06:04

markets UPS Citi Platform Tax Bill South Korea’s Ansan Says It Will Confiscate Crypto from Tax Dodgers

The South Korean city of Ansan has announced that it will confiscate crypto from tax dodgers who fail to pay local levies.

20.06 / 16:55

Tax Fireblocks audit Fireblocks Partners With TRES to Generate Audit-Ready Tax Reports

Fireblocks said it has partnered with onchain financial data platform TRES to give clients data sources to compile audit tax-ready reports.

15.05 / 03:09

FIVE Tax Bill Justice track Department South Korean Tax Body Liquidates Crypto Worth Over $800,000

The South Korean tax body, the National Tax Service (NTS), has announced it has liquidated previously frozen crypto worth more than $800,000.

01.05 / 22:41

Tax Bitcoin Roger Ver Arrested for $50M Tax Fraud

The United States Department of Justice announced on April 30 $50 million tax fraud charges against early Bitcoin investor Roger Ver, known by many as ‘Bitcoin Jesus.’

16.04 / 06:09

Citi Citizens Software Tax Bill Trade South Korean ‘Crypto Tax Crackdown’ Moves to Another City

The South Korean “crypto tax crackdown” continues its nationwide tour, moving on to the city of Yeongcheon in North Gyeongsang Province.

15.04 / 08:51

IRS Tax tax evasion IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year

Guy Ficco, the Criminal Investigation Chief at Internal Revenue Service (IRS), has indicated the agency is bracing for a significant increase in cases of crypto-related tax evasion this tax season.

08.04 / 08:33

Citi Target security Tax Bill social South Korea Tax Body Set to Seize 5,208 Crypto Traders’ Coins

South Korean tax officials in the city of Pohang are set to seize crypto from 5,208 residents who failed to pay local taxes.

21.03 / 04:43

Citi Platform Tax Trade country Investigations South Korean Tax Dodgers Out of Pocket as Authorities Seize $768,500 Worth of Crypto

South Korean “tax dodgers” have been dealt another blow, with tax authorities in the city of Hwaseong confiscating cryptoassets worth over $768,500.

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.

24.01 / 06:19

Citizens Tax Freedom show information reports South Korean Tax Body Seized Crypto Worth $28.4m From ‘Tax Dodgers’ in 2023

South Korea’s tax body last year confiscated cryptoassets worth $28.4 million from citizens who were trying to avoid paying taxes.

18.01 / 10:35

markets Tax Bill Trade President Department South Korean Gov’t to ‘Completely Review’ Crypto Tax Law

The South Korean government says it will “completely re-examine” the “need” to tax crypto traders on their earnings.

04.01 / 03:32

Citi Citizens Tax Bill Bitcoin S Korean City of Incheon Seizes $375,000 Worth of Crypto from ‘Tax Dodgers’

South Korea’s Incheon says it has confiscated $375,000 worth of cryptoassets from “tax-evading” residents who tried to hide their earnings in token wallets.

02.01 / 12:50

cryptocurrency Mining Tax Hydropower Fuels Kyrgyzstan’s Crypto Mining Industry

Kyrgyzstan’s water-rich environment has the potential to provide a necessary boost for the country’s crypto mining industry – but that power is currently difficult to access.

25.12 / 10:36

Digital Align Tax Nikkei reports Japan’s Government Abolishes Crypto Tax on Unrealized Corporate Gains

Japan‘s cabinet has recently approved a key change in the fiscal 2024 tax policy, removing the tax on unrealized gains for corporate-held crypto assets, according to Nikkei.

04.12 / 09:33

IRS Tax Supreme Court Broker This Supreme Court Case and IRS Broker Rule Together Could Redefine Crypto Taxation

A critical Supreme Court case and its ruling could redefine the taxation of digital assets. Intersecting with the vexed IRS broker rule announced earlier, this case may potentially reshape crypto tax reporting and compliance on a fundamental level.

01.12 / 05:12

Binance Platform Tax Bill LiveCoin reports Brazilian Senate OKs ‘15% Crypto Tax Rate’

Brazilian senators have voted in favor of a bill that proposes taxing crypto tax profits earned on overseas crypto platforms at a fixed rate of 15%.

29.11 / 13:53

Target Digital Tax crypto regulation innovations information gatherings Crypto users Tax Crackdown: UK Authorities Target Crypto Users for Unpaid Taxes

The UK national taxing authority has asked crypto users to disclose any unpaid taxes they might have in order to avoid fines.

29.11 / 02:27

Digital Tax Bill stage country recommendations Ukrainian Lawmakers Mull Two Crypto Tax Bills

Ukrainian lawmakers are set to debate two crypto tax bills, as Kyiv looks to raise money from crypto traders.

27.11 / 02:10

Tax show reports Tax Agency Japanese Tax Agency Investigates Hundreds of Crypto Tax Violations

The Japanese National Tax Agency (NTA) has revealed it has recently investigated hundreds of crypto tax violations.

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