Team CNZ is in conversation with Tony Dhanjal, the Head of Tax at Koinly. He is a recognized crypto tax Subject Matter Expert and a thought leader in this space. He is a qualified accountant with over...
Tag: Tax
CoinTracker Survey Shows Only 25% of Crypto Holders Are Prepared for Tax Season
“We work in tandem with our partners to write concise and accurate tax-related content to be published on our partners’ platforms and serve their communities,” said Tzoneva, who joined the company in ...
Which Classic Tax Strategies Are At Risk In A Democratic Congress?
You may be counting on the step-up, Roth conversions and donor-advised funds. But politicians could snatch these goodies away. AOC’s gala hoopla (Photo by Mike Coppola) Getty Images Billionaires...
Top Tax Write-offs for the Self-Employed
With self-employment comes freedom, responsibility, and a lot of expense. While most self-employed people celebrate the first two, they cringe at the latter, especially at tax time. They might not be ...
Indian Ruling Party MP Suggests Increasing Crypto Tax From 30% to 50%
Member of Parliament Sushil Kumar Modi, from India’s ruling party, has once again suggested increasing the tax slab on digital assets. In a recent interview with Forkast, the MP commented that crypto ...
Crypto Assets Taxation: Indonesia ready to collect VAT and income tax
TL;DR Breakdown Indonesia has continued to complete the legislative process to implement a tax on crypto assets. The latest update about Indonesia’s crypto taxation tells of VAT and income tax applica...
India’s Sushil Kumar Modi calls for 50% tax increase on cryptocurrency returns
TL; DR Breakdown India’s parliament member Modi called for a 50% tax increase on crypto profits. The government recently imposed a 30% tax on crypto returns, which is already affecting the market. Sus...
Trading volume drops as 30% capital gains tax on crypto tax goes into effect in India
The new crypto tax regime in India has finally gone into effect, and it appears to be affecting the trading volume in the country. Media reports from the country suggest that trading volumes on crypto...
Floki Renounces Blacklist Function & Announces April 5th, 2022 Tax Hiatus » NullTX
Floki is “the people’s crypto” and has a unique and fascinating history. Launched in June of 2021, the project has overcome numerous obstacles on its way to becoming a leader in the space with a hotly...
Indian Crypto Exchanges Report Sharp Drop in Transaction Volume After 30% Tax Kicked
Since the new crypto tax came into effect on April 1, Indian digital asset exchanges have witnessed a sharp fall in transaction volumes. The final days of March also saw a panic selling. Crypto Trans...
Tax incentives for Bitcoin miners in Oklahoma and other states
Bitcoin miners will now have tax benefits in the State of Oklahoma Commercial mining operations aim to reduce expenditure on hardware Development and expansion of new and advanced technology is the ...
Crypto miners strike gold in Oklahoma as state introduces new tax incentives
Oklahoma lawmakers are in the final stages of introducing legislation that would make the state the new cryptocurrency mining hub in the U.S. Called the “Commercial Digital Asset Mining Act of 2022,” ...
Crypto Trading Slows Down In India As New Tax Law Comes Into Effect
Trading volumes across different crypto exchanges in India have dropped by 15-55% as the new crypto tax law came into effect on April 1st. New Crypto Law Affects Trading Volumes The drop in trading v...
Indian crypto exchanges record 15%–55% drop in volume amid new tax regime
TL;DR Breakdown Local crypto exchanges have seen a sharp decrease in volumes over the first three days of April. Aditya Singh, the co-founder of Crypto India, has also said how trading has plummeted i...
Coinbase to invest in Indian crypto and Web3 amid tax regulation clarity
Coinbase Ventures, an investment arm of American crypto exchange Coinbase, shared a plan to invest $1 million in various Indian cryptocurrency and Web3 initiatives via an in-person pitching event. In...
Indonesian Government Sets Crypto Tax at 0.1% to Be Levied Starting in May – Coinotizia
The Indonesian government has decided to tax capital gains income from crypto investments at 0.1% starting in May. In addition, value-added tax (VAT) of the same rate will be levied on crypto purchase...
Joe Biden’s ill-considered billionaire tax
As mis-namings go, Joe Biden’s “billionaire minimum income tax”, which he unveiled last week, is 10 times understated. The tax, which would hit Americans with assets of $100mn or more, is the presiden...
Crypto Trading Volumes on Indian Exchanges Drop 15%–55% After New Tax Law
Cryptocurrency exchanges in India have seen trading volumes drop between 15% and 55% since the new tax law came into effect on April 1. Analysts also believe that liquidity could be affected as a 1% t...
Indonesian Government Sets Crypto Tax at 0.1% to Be Levied Starting in May – Taxes Bitcoin News
The Indonesian government has decided to tax capital gains income from crypto investments at 0.1% starting in May. In addition, value-added tax (VAT) of the same rate will be levied on crypto purchase...
Indonesia Set to Impose Income Tax on Crypto Assets from May
Indonesia, the largest economy in Southeast Asia, announced plans to charge value-added tax (VAT) on crypto-asset transactions as well as an income tax on capital gains from such investments at 0.1% e...
Indonesia Set to Impose Income Tax on Crypto Assets, Starting from May
Indonesia, the largest economy in Southeast Asia, announced plans to charge value-added tax (VAT) on crypto-asset transactions as well as an income tax on capital gains from such investments at 0.1% e...
How will the Crypto tax in Indonesia affect its adoption?
Recently Southeast Asian Country has decided to impose a tax on crypto, liable to be deducted at the source of crypto transactions Indonesia became the latest Asian Country which announced its intenti...
The ‘Crazy’ Reason for the IRS’s Huge Tax Return Backlog
The Internal Revenue Service has a backlog of nearly 15 million paper returns as of March 18, National Taxpayer Advocate Erin Collins reported in a blog post this week, noting that since the start of ...
Are State Tax Refunds Taxable?
For those who itemize their deductions, it’s one of the stranger parts of the tax code. First, you get to take a deduction of your state and local taxes, then all of a sudden the next year you get a F...
TurboTax: 5 Hidden Ways to Boost Your Tax Refund
Subscribe: Apple Podcasts | Spotify | iHeartRadio While Americans may disagree on how the government spends their taxes, at tax time, many of us are looking for ways to pay no more than we owe — or ev...
Kazakhstan Auditors Go After Crypto Miners Accused of Exploiting Tax Benefits – Mining Bitcoin News
Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms regi...
Oklahoma joins widening group of US states mulling tax incentives for bitcoin miners
advertisement Lawmakers in Oklahoma have advanced legislation in recent days that, if finalized, would extend a tax break to bitcoin and cryptocurrency miners that set up shop in the state. The Commer...
Indonesia Set To Tax Crypto Transactions And Investments From May ⋆ ZyCrypto
Advertisement     An Indonesian tax official reveals that the country will impose taxes on the crypto market. According to the report, crypto transactions will be subj...
NCAA athletes face tax consequences following rule change on earning money
Now that college athletes can earn money off their name, image and likeness (NIL) after the NCAA adopted new rules in June 2021, they may find a costly surprise from Uncle Sam. Money made off of socia...
Will Indonesia’s decision to tax crypto stifle local adoption?
Indonesia is the latest Asian country to announce intentions to impose a tax scheme on all crypto transactions and income tax on capital gains from such investments, Reuters reported, Indonesia has ch...