If you’re lucky enough to have inherited some assets from someone who has passed away, you might not feel so lucky when you discover you may owe taxes on them. Depending on where the person who passed...
Tag: taxed
How is Crypto Taxed in Different Countries?
Crypto became a hot topic in the fourth industrial revolution, with heated debates and interest among financial institutions, regulators and central banks. Currently, digital assets are the gateway to...
2023 Might See Crypto Taxed And Here’s Why
The cryptocurrency space has been on the grayer side of the financial space since its conception. But with bitcoin and the traditional financial and crypto sector in general getting more intertwined, ...
Terra Classic (LUNC) Transfers on Binance (BNB) Will Be Taxed. When?
Vladislav Sopov Binance (BNB), largest centralized cryptocurrency exchange, decided to finally impose tax on LUNC transfers Contents Binance (BNB) implements 1.2% burn tax in two steps What is LUNC bu...
Plaintiffs In Sexual Harassment Cases Are Taxed, Defendants Are Not
NEW YORK, NY – DECEMBER 09: People carry signs addressing the issue of sexual harassment at a #MeToo … [+] rally outside of Trump International Hotel on December 9, 2017 in New York City. ...
Cryptocurrencies Will No Longer Be Taxed In South Korea For The Next Two Years ⋆ ZyCrypto
Advertisement     The South Korean authorities have further postponed the implementation of its cryptocurrency taxation system for another two years. The government ci...
Are Crypto Learn And Earn Programs Taxed? Koinly Explains
Tax is complicated – let alone crypto tax. But for crypto newcomers, it’s vital to understand that cryptocurrency is taxed, including when you earn small amounts of crypto through “Learn and Earn” pro...
How Should DeFi Be Taxed? The U.K. Government Wants to Know
Share this article Her Majesty’s Revenue and Customs is seeking views from investors, professionals, and firms engaged in the DeFi space. U.K. Mulls New Tax Rules for DeFi The U.K. government wants ...
Crypto Will Start Being Taxed in Portugal, Finance Minister Confirms – crypto.news
A recent report has unveiled Portugal Finance minister’s order, which states that all crypto assets holders will face taxes, after years of the country being considered an offshore for crypto. The sec...
How Are IRA Withdrawals Taxed?
The way individual retirement account (IRA) withdrawals are taxed depends on the type of IRA. You’ll pay tax on traditional IRA withdrawals. But with a Roth IRA, there is no tax due when you wit...
Australian Senator Andrew Bragg During Sydney’s NFT Exhibition Says Crypto Regulation Not Speedy, NFTs Inadvertently Taxed
Senator Andrew Bragg of the Liberal Party stated NFTs gave a platform for geographically remote artists to digitally engage with audiences when speaking at Sydney’s first 3D NFT Art display. To avoid ...
Bitcoin and cryptocurrencies, are they taxed? All there is to know
The situation regarding taxation on the use of Bitcoin and cryptocurrencies is quite varied. The first thing to keep in mind is that every country has its own rules, and there are even countries or t...
How Capital Gains from Mutual Funds Are Taxed in the U.S.
If you own mutual funds that are not in a tax-free account, filling out 1040 can seem daunting. Sometimes there is an intimidating array of rules and calculations on the forms. As it happens, though, ...
India’s Finance Minister Explains Why Cryptocurrencies Must Be Taxed
The government of India remains set on taxing cryptocurrencies. Finance minister, Nirmala Sitharaman, has said that crypto taxes will come into effect as planned. This is despite India not having deci...
Donated or Inherited Virtual Assets to Be Taxed by South Korea’s NTS – Coinotizia
Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Korea’s National Tax Service has said. Dunamu, Bithumb Korea, Korbit, and Coinone are the n...
Indian Regulators State That Cryptocurrency Is Not Illegal and Now Taxed as Gambling Winnings
Arman Shirinyan Indian regulators compare gains from cryptocurrency trading to gambling The Indian regulators have stated that it will not treat cryptocurrency trading as an illegal activity a day aft...
India Budget 2022: Crypto Income To Be Taxed 30%
India welcomes the new crypto tax regime, as the government announces a flat 30% tax on income from all digital assets. Crypto Becomes Legal Asset In the 2022 Budget Speech, Finance Minister Nirmala ...
India’s CBDC to Arrive in the Next Fiscal Year, Crypto Income to be Taxed 30%
Nirmala Sitharaman – Finance Minister of India – reportedly disclosed that the country’s central bank will launch a digital currency in the next financial year (running between April 1 and March 31). ...
How Are You Taxed After Selling a Mutual Fund in an IRA?
Transactions that are made within an individual retirement account (IRA) are not taxable. Stocks, funds and other securities can be purchased and sold within an IRA account without triggering any cons...