As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted ...
Tag: Tax
Thai Bourse to Launch Digital Asset Exchange as Crypto Tax Looms
The Stock Exchange of Thailand (SET) is expected to roll out its own digital asset trading platform at the same time that the country’s central bank is trying to stifle the crypto industry. Thailand...
Top US crypto firms join the TaxBit network to offer users free tax forms
TaxBit, a crypto tax compliance firm, launched the TaxBit Network today with hopes that it will help democratize crypto tax calculations and tax forms by offering necessary reporting data. A report un...
Thailand government to clear up crypto tax confusion
Thailand is fast-tracking its crypto tax plans as it readies regulations for digital asset traders this month in an effort to provide further clarity on crypto-related activities. The Thai revenue dep...
Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23 – Taxes Bitcoin News
An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on dire...
The states that won’t tax military retirement in 2022
The states that won’t tax military retirement in 2022 If you’re retiring from the military, you may not be done giving back to your country. The amount of retirement income you’ll lose in taxes ...
Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey – Regulation Bitcoin News
The government in Turkey does not intend to impose a 40-percent levy on crypto-related gains as has been alleged, members of the ruling AKP party have indicated to the local press. They have also emph...
The 8 craziest real estate write-offs tax pros have ever seen
The 8 craziest real estate write-offs tax pros have ever seen Itemizing your deductions is a lot less common than it used to be, thanks to the tax overhaul President Donald Trump signed in 2017. But r...
India: Tech startup association writes to Finance Minister seeking crypto tax clarity
As India is bracing for the Union Budget 2022-23, an industry association called IndiaTech has written to Finance Minister Nirmala Sitharaman. The association that represents internet start-ups, inclu...
Thailand imposes 15% capital gains tax on cryptocurrencies
TL;DR Breakdown Thailand finally passed a crypto regulation framework to see crypto stakeholders paying a 15% tax on capital gains. The country’s government aims to make cryptocurrencies a better trad...
Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils – Taxes Bitcoin News
Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After l...
15% Capital Gains Tax to Be Paid by Crypto Traders in Thailand: Details
Yuri Molchan All crypto market participants in Thailand who profit from crypto trading are now subject to a 15% tax Bangkok Post has reported that the Finance Ministry of Thailand is now imposing a 15...
Crypto traders to pay 15% of their gains as tax in Thailand
The Republic of Thailand has broken the news that crypto traders in the country will now have to pay a capital gain tax of 15%, on all of their crypto trades. Thailand introduces new crypto tax law On...
Thailand Reportedly Plans to Levy 15% a Capital Gains Tax on Crypto Profits
The regulatory and surveillance environment is likely to become more stringent for crypto traders in Thailand. Crypto Profits to Attract 15% a Capital Gains Tax As per a report from the Bangkok Post, ...
Thailand to Impose 15% Tax on Crypto Profits
Authorities in Thailand have decided to implement a taxation structure on all cryptocurrency gains, levying 15 percent capital gains on all crypto profits. Citing an anonymous source within the Financ...
Thailand imposes 15% capital gain tax on cryptocurrency
Thailand’s regulatory authority has decided to levy a 15 percent capital gains tax on all cryptocurrency profits, following the considerable growth in the size and value of the country’s digital asset...
In Thailand, those trading crypto will be subject to 15% capital gains tax
In Thailand, cryptocurrencies have enjoyed a significant amount of sunlight from the locals. In fact, an estimated 100,000 Thai citizens are employed in the crypto mining sector. However, of late, Tha...
Crypto trades in Thailand now reportedly subject to 15% capital gains tax
The government of Thailand is progressing in regulating the local cryptocurrency ecosystem by reportedly enacting new tax rules for the industry. Profits from crypto trading in Thailand are now subjec...
Thailand Hits Crypto Traders With Capital Gains Tax
Thailand is increasingly intensifying its regulatory stance on crypto and the latest move is a capital gains tax levied on crypto traders in the Kingdom. Profits from cryptocurrency trading will now b...
India Accuses WazirX of Tax Evasion, Future of Local Crypto Sector Remains Unclear
India’s largest cryptocurrency trading platform, WazirX, has been accused by the country’s authorities of tax evasion worth $5.4 million (40.5 crore rupees). On December 31, the Mumbai office of the g...
India’s Leading Crypto-Exchange WazirX Finally Responds to Tax Evasion Allegations
WazirX, a Binance-owned Indian cryptocurrency exchange, was recently found to be defaulting in its tax to the Indian government. Following a visit from the officers of India’s Goods and Services Tax a...
Cryptocurrency tax evasion in India motivates regulators to create new policies
TL;DR Breakdown • Regulators in India blame Exchange WazirX for Tax evasion.• Cryptocurrencies start the year 2022 with a balanced figure in their price. After WazirX, a crypto exchange in India made ...
There’s a new tax rule for US small business owners. What to make of it?
Photograph: Susan Walsh/AP A new tax rule will impact millions of small businesses in 2022. You can thank one small change buried in the American Rescue Plan Act of 2021. Let’s suppose you’re a small ...
Saver’s Tax Credit: A Retirement Savings Incentive
Many people struggle to carve out the funds they need to build up their retirement nest eggs. Fortunately, a nonrefundable tax credit, known as the retirement savings contribution credit, can make it ...
Binance owned WaziriX alleged of tax evasion in India
TL;DR Breakdown WaziriX alleged of tax evasion by Indian authorities. Exchange says allegation is a case of lax in clarity, regulation. Other exchanges also being investigated in India. Binance-owned ...
Binance-owned exchange WazirX targeted by India’s government for alleged tax evasion
Tax authorities in Mumbai announced Friday that they had uncovered tax evasion by the Binance-owned crypto exchange WazirX. According to a statement from the GST Mumbai East Commissionerate of Mumbai ...
WazirX to pay $66M in a tax evasion case
WazirX, one of India’s leading crypto exchange platforms, has paid more than $6.6 million for failure to pay the Goods and Services Tax (GST) on trade commissions. The money paid by the exchange will ...
India: Dull New Year for crypto as platforms to face raids over alleged tax evasion
A local media report has confirmed that major cryptocurrency service providers are under investigation in India on suspicion of possible tax evasion. After Cryptocurrency exchange WazirX, offices of m...