In court filings expected to made public Thursday, the IRS declared it would refund $3,293 in income tax (plus statutory interest) to a Nashville couple who had paid the amount on 8,876 Tezos tokens t...
Tag: Tax
Thailand Relaxes Tax Rules for Crypto Investors, Scrapping 15% Withholding Tax – Taxes Bitcoin News
Thailand has relaxed tax rules for cryptocurrency investors, scrapping its planned 15% withholding tax. “The revenue department did a lot of homework and reached out to crypto operators as well to get...
UK tax agency cracks down on rules around DeFi lending and staking
Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency, on Wednesday, has released a controversial set of guidance that could affect innovation in Decentralized Finance (DeFi). The updated re...
IRS Will Not Tax Unsold Staked Crypto As Income
For individuals hoping to earn new tokens by providing security to large blockchains that use proof-of-stake, there may be good news ahead. IRS will not tax your unstaked crypto. A Nashville couple ar...
Make your transactions safe and anonymous with Save Crypto Tax
The crypto domain has become very popular lately. Since the beginning of Bitcoin, in the multitude of projects based around cryptocurrency, some platforms exchanged the users’ crypto and sent it to th...
Crypto tax doesn’t legalize trading, says Indian tax department chief
The head of the Central Board of Direct Taxes (CBDT) in India said the recent announcement of a 30% tax on crypto holdings doesn’t necessarily make the crypto trade legal in India. The finance ministe...
No more crypto tax in Thailand
Thailand is stripping back its plan to impose a 15% tax regime on crypto gains made in the country after crypto traders in the country kicked against the move according to a report from the Financial ...
India Proposes 30% Tax on Crypto Income, Announces Digital Rupee Launch
The government of India revealed on Tuesday that it would be launching a digital rupee and start taxing income from crypto, The Hindustan Times reported. In her Budget 2022 presentation, Indian financ...
Colombia clamps down on crypto tax evasion as adoption thrives
Down in Bogotá, cryptocurrency adoption is raging on. Colombia’s tax authority, the DIAN, (Dirección de Impuestos y Aduanas Nacionales de Colombia) has begun to catch up. It seeks to take “special mea...
Thailand Abandoned its Proposed 15% Crypto Tax
Thailand is abandoning its proposed 15% tax on cryptocurrencies including mining. The Thai government faced strong backlash to the proposed crypto tax. Paiboon Nalinthrangkurn, chairman of the Federat...
‘All Except RBI Currency Are Assets’ Indian Finance Minister Clarifies On 30% Tax
The Indian Finance Minister Nirmala Sitharaman was unequivocal when she declared that “I don’t wait until regulations come in place to tax people making profits.” However, on NDTV’s question on the ne...
India’s Finance Minister unveils the Union Budget 2022 to tax crypto
India has included a crypto tax in its Union Budget 2022. The cryptocurrency market in India remains highly unregulated. However, this tax will now introduce some form of clarity in the Indian cryptoc...
Thailand axes 15% tax for crypto traders a week after proposal
Thailand’s original plan to levy a 15% withholding tax on cryptocurrency transactions has been scrapped following major pushback from crypto traders. The statement announced only last week, set ...
India Adopts Crypto, Introduces ‘Crypto Tax’ At Union Budget 2022
India in its Union Budget 2022 has decided to introduce a ‘Crypto Tax’. Finance Minister Nirmala Sitharaman proposed a 30% tax on any income from the transfer of virtual digital assets. No Tax deducti...
India to Launch CBDC by 2022-2023, Proposes 30% Tax on Crypto Income
Having made this declaration on the digitized rendition of the Indian rupee, India’s first Woman Finance Minister also offered the implementation of a thirty percent tax on crypto that focuses on the ...
Thailand, stop to Bitcoin trading tax
Thailand has abandoned its intentions to implement a tax on Bitcoin and cryptocurrency trading and this has made local traders breathe a sigh of relief. The tax on Bitcoin trading in Thailand As repor...
India Introducing 30% Crypto Tax Amid Digital Rupee Plans
Authorities in India have decided to introduce a tax on cryptocurrency transactions, in addition to issuing a digital currency within the next two years. Finance Minister Nirmala Sitharaman made these...
India Plans To Regulate Cryptocurrencies With A Hefty 30% Tax On Gains
Topline India’s government on Tuesday announced plans to impose a 30% tax on income gained from digital assets like cryptocurrencies and non-fungible tokens (NFTs), in a move that will assuage earlier...
India’s 30% crypto-tax proposal – Can’t tax something ‘illegal’… or can it?
Hours after the Indian government’s announcement to bring the transfer of digital assets into the 30% tax bracket, the industry seems to be divided on its implications. Investor Rakesh Jhunjhunwala, f...
India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions – Regulation Bitcoin News
The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in trans...
Indian government to enforce tough crypto tax rules, is this a sign of things to come worldwide?
During the budget session, India’s Finance Minister Nirmala Sitharman announced crypto income will be taxed at 30%, along with a string of strict conditions. India has been back on forth regarding the...
Thailand scraps 15% crypto capital gains tax following public backlash
Thailand has decided to suspend the implementation of its 15% cryptocurrency capital gains tax for now. The proposal, which was presented earlier this year, triggered a lot of opposition, but it appea...
India to tax crypto income at 30%, launch CBDC in the fiscal year 2023
India has provided a much-anticipated clarity on crypto taxation in its Union Budget for the fiscal year 2022-23. The budget, presented on Tuesday by India’s Finance Minister Nirmala Sitharaman,...
Crypto Now Legal in India, Here Are Tax Rates
Vladislav Sopov One more country established clear legal framework for digital assets operations and taxation Contents Crypto now regulated and taxed in India Community hails the proposal: “Yet ...
Thailand Drops 15% Crypto Tax After Pushback From Public
Thailand has decided to do away with its 15% cryptocurrency capital gains tax for the moment. The plan, announced earlier in the month, received heavy opposition, but it appears that the crypto market...
India to Tax Crypto Gains at 30%, No Exemption Is Allowed
The Indian government has specified its taxation rule for cryptocurrencies. It will impose 30 percent taxation on the transfer of virtual assets from the financial year 2022-2023, Finance Minster Nirm...
Breaking | India: Transfer of digital assets to attract 30% tax
Finance Minister Nirmala Sitharaman has unveiled the Indian Budget today for 2022-23 with two major announcements around cryptocurrencies. The FM has proposed a taxation rate of 30% on any income aris...
India Announces 30% Tax on Crypto Profits, the Highest Tax Band In the Country
Profits derived from trading Crypto Assets will attract 30% taxes, Indian Finance Minister Nirmala Sitharaman made an announcement while addressing the budget session earlier today, February 1. This c...
It’s Time For More Revenue Sharing And A Luxury Tax In College Football
ATLANTA, GA – JANUARY 08: Najee Harris #22 of the Alabama Crimson Tide runs the ball during the … [+] second half against the Georgia Bulldogs in the CFP National Championship presented by...