Popular Ethereum-based metaverse gaming platform The Sandbox has unveiled a bridge that enables users to transfer their virtual nonfungible token (NFT) LAND and native SAND tokens over to layer-2 netw...
Tag: Tax
Tax bill for Vermont winner of Powerball $366.7 million jackpot
If you’re holding the winning ticket for Powerball’s $366.7 million jackpot, don’t forget about your silent partner: Uncle Sam. After rolling higher for about two months of three wee...
Steep Crypto Tax Causes Brain Drain From India To Dubai And Singapore
The crypto companies are relocating to Dubai and Singapore in search of a more favorable industry and supportive infrastructure. The Great Indian Crypto Brain Drain The crypto industry in India is su...
Lower House of Russian Parliament Passed Digital Assets Tax Legislation
6 hours ago | 2 mins read Bitcoin News Regarding DFAs, platforms are exempt from VAT, exactly like securities. Foreign-based corporations will be charged a higher 15 percent tax. In Russia’s State Dum...
IRS Forced To Delay Crypto Tax Collection As Industry Struggles With New Rules: Report
The US government is reportedly delaying collecting billions of dollars worth of crypto taxes to give firms in the industry more time to gather relevant information on their customers. According to a ...
Russian Parliament Gives Approval on Tax Break for Digital Assets Issuers
Cryptocurrencies and digital assets issuers in Russia may no longer have to worry about Value Added Tax (VATs) payments moving forward, all thanks to the proposed draft law that has seen approval from...
Russian lawmakers approve tax breaks for cryptocurrency issuers: Reuters
A draft law that would exempt issuers of cryptocurrencies and digital assets from value-added tax (VAT) was approved by the Russian parliament on Tuesday. According to a Reuters report, the law would ...
Russian Duma passes bill to remove VAT, lower income tax rates on digital asset sales
The State Duma, the lower house of the Russian legislature, has passed a bill on the taxation of digital assets that exempts their sale from value-added tax (VAT) in the Russian Federation. Some other...
Russian Lawmakers Approve Tax Exemption Proposal for Digital Asset Issuers
A few days after Russian authorities presented a bill seeking to govern the illegal issuance of crypto if approved, the country’s policymakers have signed a proposed law to exempt token issuance from ...
Russia approves tax exemptions for issuers of cryptocurrency
The lower house of the Federal Assembly of Russia approved a draft bill on June 28 that could exempt cryptocurrency issuers from Value Added Tax (VAT). Sanctions are hurting “unfriendly nations” more ...
Russian Parliament Adopts Tax Rules for Digital Assets – Taxes Bitcoin News
Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, th...
Russia goes easy on crypto tax as sanctions heat up
On June 28, members of Russia’s parliament approved a crypto-friendly draft bill. Should it become law, Russia will exempt crypto-asset issuers from value-added tax (VAT). The current tax rate for fir...
Crypto Losses? Koinly Reveals 5 Tax Hacks You Need Now – Press release Bitcoin News
press release PRESS RELEASE. With crypto markets down around 50% in the past month and over 70% from their highs in late 2021, many crypto investors are searching for answers after their profits from ...
Tax Rates To Cap At 28% As India Calls For Crypto Transaction Tax Meeting ⋆ ZyCrypto
Advertisement     The Indian government has scheduled a panel meeting with its ministers to discuss tax rates within the country, with a potential 28% increase as repo...
FCA investigates Wise CEO Kristo Kaarmann over tax default
Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images The CEO of £3.9 billion ($4.8 billion) fintech firm Wise is being investigated by U.K. regulators after tax authori...
28% Tax on Crypto and Digital Assets in India?
It is no surprise that the cryptocurrency market has taken the world by storm, India included. The digital currency wave gained momentum in the country not too long ago and has now become an investmen...
Crypto-derived income tax in 2023
Albanian authorities are finalizing legislation that subjects crypto-related income to taxation. Currently, the public is scrutinizing the proposed legislation to make it inclusive. Should the public ...
Albania will charge tax rates for crypto transactions and technology-based mining
Albania Regulators recently spoke about the crypto future, where everything points to new laws being imposed. According to reports, the government administration wants to charge taxes on cryptos start...
Biden’s gas tax holiday might save you $6 a month, fueling calls for inflation stimulus checks instead
Biden’s gas tax holiday might save you $6 a month, fueling calls for inflation stimulus checks instead President Joe Biden is urging Congress to pause the gas and diesel taxes for three months t...
Conservative MP Matt Hancock advocates for “attractive” tax and regulatory regimes in the U.K.
? Want to work with us? CryptoSlate is hiring for a handful of positions! Conservative MP and crypto advocate Matt Hancock in a keynote speech delivered at Crypto A.M.’s 4th anniversary on June 22 cal...
Indian Investors Might Face 28% Additional Crypto Tax in the Form of GST
3 hours ago | 2 mins read Bitcoin News CBDT requested a 20% additional tax on money generated through DeFi. 28% tax rate was proposed by the Goods and Service Tax Council (GST) of India. Two days from...
How To Make A Gas Tax ‘Holiday’ Make Sense For The Long Term
WASHINGTON, DC – MARCH 14: Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, … [+] 2022 in Washington, DC. The cost of gasoline continues to rise across the globe a...
India Clarifies Stance On Crypto Tax. A Smart Move or Massive Burden?
In a detailed guideline, the Ministry Of Finance provided further details on the 1% TDS applicable to the transfer of cryptocurrencies. The rule will apply to all considerations which exceed Rs. 50,00...
Biden’s gas tax holiday might only save you $6 a month — and leave a real ‘mess’ behind
Biden’s gas tax holiday might only save you $6 a month — and leave a real ‘mess’ behind President Joe Biden is urging Congress to pause the gas and diesel taxes for three months thro...
India’s 28% Crypto Tax Draws Nearer, Here’s Why
India’s Government is set to discuss the levying of a goods and services tax (GST) on crypto transactions next week, reports said on Thursday. According to a report by Bloomberg, the panel intends to...
Biden’s Gas Tax Holiday Just A Drop In The Bucket? [Infographic]
Gasoline and diesel might soon reach U.S. gas stations free of federal taxes. A corresponding proposal was put forward yesterday by the Biden administration and would have to be decided upon by Congre...
Spanish Treasury Introduces New Crypto Tax Model Featuring Balance Reports – Regulation Bitcoin News
The Spanish treasury has introduced a new series of requirements regarding the reporting and taxation of cryptocurrency holdings in the country. The new rules include the obligation of taxpayers to di...
India will consider 28% additional tax on crypto sales next week
? Want to work with us? CryptoSlate is hiring for a handful of positions! Federal and Finance Ministers of India will join a panel on 28-29 June to decide whether to implement an additional 28% tax on...