Tax Financial News

11.04 / 05:05

Tax Income Tax virtual digital assets Govt working on FAQ on taxation of crypto, virtual digital assets

tax and GST on virtual digital assets, an official said. The set of Frequently Asked Questions (FAQ), which is being drafted by the Department of Economic Affairs (DEA), RBI and Revenue Department, would also be vetted by the law ministry, the official added. «FAQ on taxation of cryptocurrency and virtual digital assets is in works. Although FAQs are for information purposes and do not have legal sanctity, law ministry's opinion is being sought to ensure that there is no loophole,» the official told PTI.

08.04 / 00:49

cryptocurrency Trading Tax A Small Survey Shows that US Crypto Investors Have Big Problems with Taxes

Amid the looming April 18 tax filing deadline in the US, as much as 96% of surveyed crypto investors had not filed their tax returns as of March 27, and 74% want more information on how to file taxes from their crypto exchanges, according to a small survey commissioned by crypto portfolio tracking and tax compliance specialist CoinTracker.

04.04 / 16:39

Career coinbase Tax Coinbase, FTX to Ramp Up Investment in India, But Experts Warn the Country's Crypto Space May Face Chaos

Major crypto exchange Coinbase aims to further expand its crypto hub in India by hiring more talent, as crypto derivatives exchange FTX considers investment in India’s Mobile Premier League (MPL), the country's largest eSports and mobile gaming platform. However, Indian crypto veterans warn that the announced levy in the country's crypto tax bill could suck liquidity out of the market, leading India's crypto industry to chaos.

04.04 / 13:49

cryptocurrency IRS Tax Walking the Crypto Tax Tightrope in US

Co-Authored by Jaideep Singh, CEO of AI-powered, SaaS platform FlyFin, Luke Olson, CPA, and Sridevi Yathirajyam, EA, FlyFin.

01.04 / 11:41

cryptocurrency WazirX Tax Bitcoin Crypto exchanges brace for new tax rules, expect small investors to move to grey market

Starting from April 1, retail investors and crypto exchanges will be paying a 30 percent tax gain from virtual digital assets, which is expected to drop the volumes of transactions in the coming months, said the experts in a Twitter space session organised by Moneycontrol yesterday.

31.03 / 15:47

cryptocurrency Digital Tax Bitcoin Department Income Tax Department Prepares To Tax 30% Profits Made On Crypto Transactions

The new tax regime of cryptocurrency will fall under section 285BA and sub section (k) of IT Act.

29.03 / 15:07

cryptocurrency regulation Tax penalty US Proposed Unrealized Gains Tax May Become 'Penalty for Being Successful' in Crypto

The proposed 20% tax on unrealized gains put forward by the US Department of Treasury’s 2023 Revenue Proposal could potentially become a “penalty for being successful,” according to Shehan Chandrasekera, Head of Tax Strategy at crypto tax software specialist CoinTracker.

29.03 / 11:55

Blockchain Adoption Tax The Prospects, Possibilities, and Dangers of CBDCs

Suren Ayriyan is the Managing Partner and CEO at TEMPO Payments, a digital money transfer company.

28.03 / 13:15

Career Legal Tax Bitcoin 10 Non-Crypto Ways to Make Money in Crypto

The cryptoverse offers a wide variety of ways to earn an income. From mining and staking to yield farming and selling NFTs, there’s seemingly something for anyone tech-savvy enough to make crypto work for them.

25.03 / 16:47

cryptocurrency Tax Bitcoin India Confirms Discriminatory Tax Rate for Crypto Investors

Starting April 1 this year, and despite the crypto sector’s efforts, cryptoasset gains in India will be taxed at 30% - the highest tax bracket, the nation’s Parliament confirmed today. In comparison to this tax, the tax rate on stock trading ranges from 0% to 15%.

24.03 / 18:31

cryptocurrency Tax crypto tax Payments received in cryptocurrencies set to face GST complications

India and were paid in cryptocurrencies are rushing to their tax advisors seeking clarity over applicability of the goods and services tax (GST). Many individuals have claimed that they got paid in cryptocurrency after they did some work such as graphic designing or advisory for clients based in the US or Singapore. The question is whether this is supply of services or an export, and what is the GST applicable on it.

24.03 / 00:25

cryptocurrency Trading Tax Holdings Crypto Holdings After a Scare, Spaniards Won’t Have to Declare their Overseas Crypto Holdings this Year

“Chaos” could turn into farce in Spain – where it turns out that a controversial tax and asset declaration form will not apply to crypto after all. Or at least not this year.

23.03 / 21:03

cryptocurrency Tax Bitcoin Time Time to Legalize and Tax Bitcoin Mining in Russia, Say Deputy PM, Academic & Think Tank

The voices calling for Russia to legalize Bitcoin (BTC) and crypto mining are continuing to grow louder, with the Deputy Prime Minister, prominent academics, and a leading economic think tank all suggesting that legislation should be rolled out in the near future.

23.03 / 07:55

cryptocurrency Personal Finance Tax Here's how tax clarification on set-off of cryptocurrency gains and losses affects investors

The legal mandate on bringing digital assets under the ambit of taxation in this year’s budget speech was indeed a welcome and motivating move for the entire digital asset industry and Web 3.0 market.

19.03 / 00:07

cryptocurrency Adoption Sport Tax Spanish Crypto Adoption Increases, But Tax ‘Chaos’ Looms

Crypto adoption appears to be on the rise in Spain – but as tax season approaches, some have warned that failure to comply with the Treasury’s tax-related rulings could prove costly for newer and more seasoned Spanish crypto investors alike.

17.03 / 12:09

cryptocurrency Tax Bitcoin Ukraine Strengthens its Positions by Legalizing Bitcoin & Crypto, Here's What Changes

Ukraine’s President Volodymyr Zelenskyy has signed off on a new law that will bring cryptoassets under a legal umbrella – and allow national market regulators to police the sector. The move will pave the way for the country to begin taxing crypto.

12.03 / 04:13

Adoption Tax South Korea’s Next President Might Create Parity for Crypto and Stock Market Traders

South Korean media expect the nation’s President-Elect to up the crypto tax limit to impose uniformity with stock market traders – and venture into the unknown with pro-crypto policies. However, this is likely to result in more regulation rather than a laissez-faire approach.

09.03 / 04:27

Adoption Tax Bitcoin Bukele El Salvador's Bukele Says 52 Bitcoin Reforms Are ‘In the Oven', Critics Hit Out at Lack of Adoption Benefits

On the six-month anniversary of El Salvador’s adoption of bitcoin (BTC) as legal tender, President Nayib Bukele stated that he will unveil 10 new BTC-specific legal reforms next week – with over 40 more to come.

23.02 / 18:13

regulation Tax Bitcoin Russian Finance Ministry Outlines its Vision of Bitcoin Mining Regulation

Russia’s Ministry of Finance has explained how it plans to regulate – and tax – the nation’s crypto mining sector.

21.02 / 22:27

cryptocurrency Latin America Tax Argentinian Finance Minister ‘Wants More Crypto Taxes’

Argentina’s government wants to reform the existing crypto tax laws – and ensure further compliance.

18.02 / 00:19

cryptocurrency Tax Slovenian Finance Ministry Unveils Draft Bill To Tax Crypto Trading

In another sign of intensifying work on crypto-related legislation among European countries, the Slovenian Ministry of Finance has released a draft bill that is to introduce a tax on cryptoasset trading. As a next step, the government could submit the draft bill to the Slovenian parliament for further legislative work.

frequently asked questions about Tax

What is Tax and why is it important?

Tax is a trending topic that is in the spotlight. On our site, we regularly publish news related to this subject.

Where can I find the latest updates on Tax?

All recent news about Tax can be found in the dedicated section. We publish information regularly.

How can I verify the accuracy of information on Tax?

We consult with professionals to ensure that the information about Tax is reliable and helpful for our readers.