The Japanese Government indicated a possibility of reducing the tax burdens on crypto startups with the 2023 tax reform to prevent startups from leaving the county to set up their businesses, Yomiuri ...
Tag: Tax
Micron Seeks Tax Breaks for $160 Billion Chip Plant Near Austin
(Bloomberg) — Micron Technology Inc. is considering a plan to spend as much as $160 billion on a new semiconductor factory in central Texas. Most Read from Bloomberg The company filed applicatio...
This Is When Japan Will Overhaul Crypto Tax Save Emerging Companies
To prevent emerging startups from migrating out of the country, Japan is planning to soon launch new crypto tax rules. The country’s Financial Services Agency and Ministry of Economy, Trade and Indust...
Coinmetro Responds to Tax Evasion Rumours, Shuts Down Worry Claims – crypto.news
As reported last week, Coinmetro’s name was in the spotlight following allegations of tax evasion, rumoured to have come from the Estonian Tax and Customs Board. The startup has now responded, refutin...
What $10,000 in student loan forgiveness means for your tax bill
The good news for borrowers? An estimated 43 million Americans with student loan debt will have $10,000 wiped away from their balances. The even better news? The debt relief is tax-free. As President ...
Crypto Airdrops Subject To Gift Tax
Recipients of free virtual asset transfers can be subject to gift taxes Digital Asset Basic Act will be in shape by the first half of 2023 The recipient would need to file a tax return within three mo...
South Korea to impose tax on virtual airdrops
South Korea Ministry of Strategy and Finance has made a new revelation about virtual Airdrops. The Ministry disclosed that Airdrops might also attract gift tax. This development manifested when attend...
Clean Energy Tax Credits Could Double Deployment
The Inflation Reduction Act (IRA) is the most significant climate legislation in United States history. Energy Innovation Policy and Technology LLC® modeling finds the IRA’s $370 billion in climate an...
South Korea to Introduce 10%-50% Gift Tax on Crypto Airdrops
The Ministry of Strategy and Finance of South Korea announced on Monday that hard-forked tokens, staking rewards, and crypto airdrops will be subject to gift tax under the country’s Inheritance ...
Berkshire Hathaway Could Owe Billions on Stock Gains Under the New Tax Law
Warren Buffett, CEO of Berkshire Hathaway, likes holding favorite stocks forever. Johannes Eisele/AFP via Getty Images Text size Berkshire Hathaway CEO Warren Buffett has long said that his favorite i...
EV Tax Credits: Big Changes For Electric Vehicle Subsidies — What You Need To Know
Changes to tax perks for buyers of electric vehicles are coming. But the new EV tax credits come with complex rules that will significantly restrict which vehicles qualify, leaving consumers and auto ...
South Korean Finance Ministry Says Airdrops Are Subject to Gift Tax South Korean Finance Ministry Says Airdrops Are Subject to Gift Tax
The Ministry of Strategy and Finance of the South Korean government has said that virtual asset airdrops are subject to gift tax as per existing tax laws. Gift tax has to be paid when free virtual ass...
South Koreans To Pay 10-50% Gift Tax On All Crypto Airdrops – crypto.news
After postponing the implementation of the tax on digital assets, the South Korean government has turned its attention to crypto airdrops. The South Korean authority has decided to impose a gift tax o...
South Korea to Impose 10-50% Gift Tax on Crypto Airdrops
The Ministry of Strategy and Finance of South Korea has announced that crypto airdrops, staking rewards and hard-forked tokens will be subject to gift tax under the nation’s Inheritance and Gift Tax A...
South Korea to Apply Gift Tax to Crypto Airdrops
South Korea has imposed a tax on cryptocurrency airdrops received by citizens. According to local reports, anyone who benefits from a crypto airdrop in South Korea is required to pay a specific amount...
South Koreans To Pay A Hefty Gift Tax On Crypto Airdrops
As the use of crypto assets increases, different jurisdictions create laws to govern their applications and controls. Some rules are connected to various aspects, with regulations and taxation taking ...
South Korea: Crypto-airdrops might soon be subject to Gift Tax
According to a report by South Korean news agency Yonhap News, virtual asset transfers for free are subject to gift tax. This, as per the guidance of the Ministry of Strategy & Finance in the coun...
South Korea Levies Significant Gift Tax on Crypto Air Drops
16 mins ago | 2 mins read Bitcoin News Free transfer of assets is considered a “gift” under the Inheritance and Gift Tax Act. In South Korea, a gift tax must be paid on any asset with a monetary value...
South Korea mulls gift tax on airdrops, staking rewards, and hard-forked tokens
Despite postponing crypto gains tax to 2025, the South Korean Ministry of Strategy and Finance has today declared that virtual asset airdrops, hard forked tokens, and staking rewards will be subject t...
South Korea may levy up to 50% ‘gift tax’ on crypto airdrops under current law
South Korean officials have interpreted existing laws to mean crypto airdrops may be subject to “gift tax,” according to local media outlet Yonhap News Agency (YNA). Officials at the Ministry of Strat...
S. Korea mulls ‘gift tax’ for airdrops
The South Korean Ministry of Strategy and Finance on Monday cleared that virtual asset airdrops, staking rewards and hard forked tokens would be subject to a gift tax under the Inheritance and Gift Ta...
South Korea to Impose 10–50% Gift Tax on Crypto Airdrops
The South Korean government will impose a gift tax on crypto airdrops, with the tax rate ranging from 10 to 50%. Regulators will examine the airdrops on a case-by-case basis. South Korea’s government ...
Crypto tax return in Part Rw- The Cryptonomist
The Italian Revenue Agency in a circular clarifies doubts regarding the income tax return from cryptocurrency, in case the platform is Italian. The tax return from cryptocurrency income in Italy Taxat...
South Koreans Will Have to Pay A Heavy Gift Tax on Crypto Airdrops
As per the latest reports, the Ministry of Strategy and Finance is looking to introduce a new gift tax on airdrops for crypto assets. Earlier today, August 22, the ministry was responding to a tax law...
Colombia eyes on CBDC, Says Tax Agency Official
CBDCs are an electronic form of government-backed money They are issued and regulated by a nation’s central bank The primary objective of creating a CBDC is to stop tax evasion A high-ranking represen...
Estonian Regulator accuses CoinMetro of Tax Fraud – crypto.news
According to the Estonia Tax Administration Board, CoinMetro, an exchange with thousands of customers, might have committed tax fraud. However, the financial regulator is yet to prove their findings, ...
Fisker Considers U.S. Ocean Production Amid Shakeup In EV Tax Credit
Fisker Inc.’s electric Ocean SUVs won’t qualify for a revised federal tax credit for EVs that requires them to be built at domestic plants. Fisker Inc. Fisker Inc., a Los Angeles-based ele...
Colombia Soon to Launch A CBDC to Reduce tax Evasion and Facilitate Transactions
With the aim to facilitate transactions and mitigate tax evasion, Colombia is planning to introduce a central bank digital currency (CBDC). Head of the Colombian Tax and Customs Office, Luis Carlos Re...
South America’s Second-Most Populous Country Considering Central Bank Digital Currency, Says Tax Agency Official
A top official who oversees Colombia’s financial regulation and tax collection agency says that the second-most populous South American nation is exploring the idea of rolling out its own digital curr...
Alibaba Partners With Tik Tok, EV Sales Tax Exemption is Extended, Short Turnover Analysis, Week in Review
China Last Night KraneShares Week in Review Asian equities traded largely lower this week on currency weakness, slowing GDP growth, and short selling in Hong Kong. On Monday, the People’s Bank of Chin...