Amid the ongoing Terra debacle, founder Do Kwon has now reportedly come under further scrutiny from the South Korean government for alleged tax evasion. South Korea’s Tax Service is charging Kwon and ...
Tag: Tax
Terra Loses More Form: Do Kwon Faces Tax Evasion Charges; Law Firm Sues To Seize Properties
The multibillion-dollar collapse of Terra Labs’ stablecoin and the LUNA token is still ringing across the cryptocurrency industry, and numerous questions for Terra’s South Korean founder, Kwon Do-hyun...
Senate panel investigates Abbott tax practices after contamination shut down baby formula plant
The Senate Finance Committee on Wednesday opened an investigation into Abbott Labs, the company at the center of a baby formula shortage in the U.S. Committee Chairman Sen. Ron Wyden, D-Ore., sent a l...
Crypto Tax Accounting Firm TaxBit Receives Strategic Investment from Haun Ventures
TaxBit, a Salt Lake City, Utah-based provider of crypto tax and accounting software, announced on Tuesday that it has received a new investment from Haun Ventures – a new venture fund designed to help...
Portugal to lose crypto tax haven status
The small Iberian nation is set to reverse a long-standing tax law Investors will now have to pay taxes on crypto gains The move to start taxing crypto was seconded by Secretary of State for Tax Affai...
Portugal Considering Crypto Tax – Crypto Daily™
The tax-free crypto haven in Europe might be adopting a completely different approach with the crypto gains tax. Finance Minister Announces Crypto Gains Tax The crypto community can not seem to be ca...
Portugal considering capital gains tax for cryptocurrency
Portugal’s days as a tax-free haven for crypto investors may be coming to an end. That’s according to Portuguese news outlet ECO, which reported last week that the government is planning to brin...
UK Crypto Investors Can Now balance Losses With Future Gains in Tax filings
The UK tax authorities have promised to improve data collection on cryptocurrency investors. Despite the fact that Bitcoin reached 30,000 following days of dramatic drops in the crypto market, a subst...
Australia plans to tax cryptocurrencies during the current fiscal year
The Australian Taxation Office (ATO) has announced its plan to start focusing on cryptocurrency taxation. The tax body said it would require Australians dealing in cryptocurrencies to start reporting ...
New crypto income tax in Portugal?
Portugal has announced that the government is considering imposing a tax on crypto income. Portugal: new taxation on crypto income? Portugal, until now considered one of the European countries most o...
Portugal’s Status as a Crypto Tax Haven Appears to Be Ending
Portugal’s days as a crypto tax haven may be numbered. Minister of Finance Fernando Medina announced on Friday before a full meeting of Portugal’s parliament that crypto assets in the country soon wil...
Portugal to lose crypto tax haven status as state announces gains duties
To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date. The move to sta...
Portugal to Tax Cryptocurrency Income According to Minister of Finance – News Bitcoin News
Portugal, one of the countries considered a crypto tax haven due to its absence of crypto-related taxation, is preparing to change this policy. Fernando Medina, minister of finance of Portugal, stated...
Australia Tax Office Says Crypto Under Focus This Tax Season
The Australian Tax Office (ATO) has highlighted four major problem areas it wants to focus on this taxation season, and digital currencies are prominently featured. According to the tax watchdog, any ...
Portugal unveils capital gains tax on crypto 1
Portugal has announced that it will levy capital gains tax on digital assets in the coming months. According to a statement by the country’s finance minister, the move is presently in progress, althou...
Australian Tax Office Says It Will Prioritize Crypto Investors This Year
The Australian Taxation Office (ATO) announced today that it will prioritize crypto capital gains alongside three other key areas of focus this year to ensure appropriate tax reporting in the country....
Portugal Makes U-Turn on Cryptocurrency Tax
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South Korean president’s plan to raise crypto tax threshold hits snag, Forkast says
The South Korean National Assembly Research Service said in a report released on Thursday that a 20% tax on cryptocurrency gains set for 2023 must maintain a 2.5 million won ($1,940) threshold, contra...
UK tax legislation allows crypto investors to ‘bank’ losses to reduce tax bill
Despite the recent cryptocurrency market decline, investors in the United Kingdom may be able to “bank” their cryptocurrency losses to lower their taxable income. Crypto assets are not subject to the ...
Australian Tax Office targets crypto capital gains, among others
The Australian Tax Office (ATO) has released a report this week outlining areas it will be focusing on in the coming year, including crypto capital gains. The agency announced its four priority areas ...
Crypto capital gains one of four key areas for Australian Tax Office
The Australian Taxation Office (ATO) has outlined crypto capital gains as one of four key areas of focus in 2022. A capital gain or loss refers to the price difference between the time an asset was pu...
Tax investigators identify potential $1 billion crypto Ponzi scheme, reports say
International tax officials have identified more than 50 leads to potential crypto tax crimes that may lead to official investigations in the coming weeks, including one case that could be a $1 billio...
Roadblock touched as crypto tax in South Korea hits another hurdle
Digital currency in South Korea by the National Assembly Research Service could be revised A 20% tax on acquires set for 2023 should keep a 2.5 million won ($1,940) edge It will be going against new...
British Crypto Investors Can Now Offset Losses With Future Gains for Tax: Report
Though Bitcoin touched the 30,000 level after days of violent dumps befalling the crypto market, a large portion of investors have since then remained underwater. The recent market selloff led by Terr...
Crypto Weekly Roundup: Terra’s Debacle, Market Crash, SBF’s Robinhood Acquisition, Azuki Founder’s Shady Past, Germany’s Crypto Tax, And More
The crypto space has had a difficult week, with the UST crumbling and LUNA’s value dropping to zero, resulting in possibly the worst week the crypto space has endured since the March 2020 crash, drawi...
The New Bill of Argentina Senate to Tax Assets Held in Foreign Countries along With Crypto
Digital assets in Argentina are defined as a digital representation of value or rights, transferred and stored electronically using Distributed Ledger Technology(DLT) or other similar technology accor...
Germany’s Finance Minister Says No Income Tax on Bitcoin and Ether Held for a Year
Germany’s Federal Ministry of Finance (BMF), alongside the country’s highest tax authorities, recently published a letter on how income from cryptocurrencies and other digital assets would be taxed in...
Argentinian Senate Passes Bill That Would Tax Assets Held in Foreign Countries, Including Crypto – Coinotizia
The Argentinian Senate has approved a bill that would allow the government to tax non-declared assets held in foreign countries by citizens of the country. This includes stocks, properties, bonds, and...
Argentinian Senate Passes Bill That Would Tax Assets Held in Foreign Countries, Including Crypto – Regulation Bitcoin News
The Argentinian Senate has approved a bill that would allow the government to tax non-declared assets held in foreign countries by citizens of the country. This includes stocks, properties, bonds, and...