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News by results: Taxes

News about Bitcoin, ICO, Blockchain Technology, investment, mining

Japanese Regulator Wants to Reform Crypto Tax Laws for Companies & Investors

Japan’s top financial regulator, the Financial Service Agency (FSA), has indicated that it is prepared to reform the nation’s tax laws that govern the way firms and their investors are taxed on their interactions with crypto.

1 SEPTEMBER 2022

South Korea's new president delays crypto taxes in favor of consumer protections

The country’s president elect is proving his crypto savvy by declaring there will be no tax on crypto investment gains until legislation can ensure consumer protections.

4 MAY 2022

Buenos Aires Confirms It Plans to Allow Citizens to Pay Taxes With Cryptocurrency

Horacio Larreta, the head of the government of Buenos Aires, the capital of Argentina, confirmed that the city will allow its citizens to pay some taxes with cryptocurrencies. This is part of a digitization plan that the city has named “Buenos Aires+” that seeks to simplify the relationship the city has with citizens.

26 APRIL 2022

NFT Investors Owe Billions in Taxes and IRS Sets Sights on Evaders

Nonfungible token market exploded to $44 billion last year Uncle Sam is keen to collect, but the tax rules aren’t clear

16 APRIL 2022

Kazakhstan to Increase Tax for Miners, Considers Tying Levy to Crypto Prices

The government of Kazakhstan is preparing to increase the tax burden for cryptocurrency miners and intends to tie the new rate to the value of the minted cryptocurrency. The authorities in Nur-Sultan believe that such an approach would have a positive effect on the state budget.

15 APRIL 2022

Will Indonesia’s decision to tax crypto stifle local adoption?

Indonesia will impose a 0.1% Value Added Tax that will be deductible at the source on all crypto transactions in the country.

4 APRIL 2022

Thailand Announces Cryptocurrency Will Be Regulated as Means of Payment

Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The announcement was issued by the Bank of Thailand, the Thai Securities and Exchange Commission, and the Ministry of Finance.

26 JANUARY 2022

Crypto trades in Thailand now reportedly subject to 15% capital gains tax

While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty.

6 JANUARY 2022

Members of Congress push IRS for tax clarity on crypto airdrops, forks

Members of Congress push IRS for tax clarity on crypto airdrops, forks

Eight members of the U.S. House of Representatives have sent a letter to the commissioner of the Internal Revenue Service, asking for the agency to expand and clarify its guidance around token airdrops and blockchain network forks.

21 DECEMBER 2019

Ohio businesses can no longer pay taxes in bitcoin as the method gets suspended

Ohio businesses can no longer pay taxes in bitcoin as the method gets suspended

Ohio, which became the first U.S. state to allow taxes to be paid in bitcoin last November, is no longer accepting cryptocurrency tax payments.

3 OCTOBER 2019

Brazilian Trade Official Says Tax Reform Will Lead to Evasion Via Crypto

Brazilian Trade Official Says Tax Reform Will Lead to Evasion Via Crypto

The head of a major Brazilian trade association, the Federation of Industries of the State of São Paulo (FIESP), said that Brazilians could start using crypto to evade taxes.

26 JULY 2019

US Reps Urge IRS to Clarify Reporting of Crypto Taxes Ahead of April 15 Deadline

US Reps Urge IRS to Clarify Reporting of Crypto Taxes Ahead of April 15 Deadline

Members of the United States Congress sent a joint request to the Internal Revenue Service (IRS) to provide clarity on reporting crypto taxes, according to an announcement on April 11.

12 APRIL 2019

Chilean Citizens Will Begin Paying Cryptocurrency Taxes in 2019

Taxpayers in Chile are reportedly going to have to pay taxes on cryptocurrency earnings this year, as the country’s Internal Revenue Service (Servicio de Impuestos Internos, SII) has included a section for cryptoassets in a form that has to be filled on taxpayers’ Annual Income Tax Returns.

20 JANUARY 2019

Chilean Citizens Will Begin Paying Cryptocurrency Taxes in 2019

Taxpayers in Chile are reportedly going to have to pay taxes on cryptocurrency earnings this year, as the country’s Internal Revenue Service (Servicio de Impuestos Internos, SII) has included a section for cryptoassets in a form that has to be filled on taxpayers’ Annual Income Tax Returns.

19 JANUARY 2019

Breaking: G20 Discusses International Cryptocurrency Tax

It is currently illegal for a government to tax a foreign company which does not have a physical presence there.

2 DECEMBER 2018

Ohio Becomes First US State to Allow Taxes to Be Paid in Bitcoin

Ohio has become the first U.S. state to allow taxes to be paid in bitcoin.

26 NOVEMBER 2018

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