An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling. He has also reque...
Tag: Taxes
Which countries have the best passports? Most are in Europe
A new index ranks Luxembourg as the top passport in the world for aspiring global citizens. The small European country ranked No. 1 out of 199 places in the “Nomad Passport Index 2022” p...
Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered – Taxes Bitcoin News
The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them...
Crypto taxes and taxes on crypto, March 21–28.
It was relatively quiet in the digital asset policy department last week, as regulators and lawmakers in most key jurisdictions retreated to their offices to do the necessary homework. In the U.S., fe...
From taxes to electricity, blockchain adoption is growing in Austria
Austria has been actively transforming into an attractive location for providers of blockchain-based products, with the government itself experimenting with the technology and trying to create a legal...
White House Plans To Target Stock Buybacks Will Send Executive Pay Even Higher
NEW YORK, NY – FEBRUARY 2: Traders and financial professionals work on the floor of the New York … [+] Stock Exchange (NYSE) at the closing bell, February 2, 2018 in New York City. The Dow...
Rio de Janeiro to Accept Cryptocurrency Payments for Taxes Next Year – Bitcoin News
Rio de Janeiro, one of the most iconic cities of the South American continent, has announced it will allow its citizens to pay taxes with cryptocurrencies. This makes it the first city in the country ...
Rio de Janeiro: taxes will be payable in crypto from 2023
Rio de Janeiro has announced that from 2023, residents of the city will be able to pay property taxes from the Imposto sobre a propriedade predial e territorial urbana (IPTU) using cryptocurrencies. ...
Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider – Taxes Bitcoin News
An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 20...
Explained – Rio de Janeiro’s ‘plan’ to accept taxes in crypto
Can you imagine paying your taxes in crypto? If you wonder what that might entail, the crypto-traders of Rio de Janeiro might be able to give you some answers in 2023. The former Brazilian capital wit...
How to Easily Prepare Your Crypto Taxes – Koinly Founder Robin Singh Explains – Interview Bitcoin News
Koinly is a tax solution for cryptocurrency investors and accountants. Anyone who owns multiple exchange accounts or wallets knows the pains when it comes to declaring taxes. Koinly was built to solve...
Rio de Janeiro to accept Bitcoin for real estate taxes from 2023
The Brazilian city of Rio de Janeiro will officially start accepting Bitcoin (BTC) payments for taxes related to urban real estate within their city limits, a.k.a. Imposto sobre a propriedade predial ...
Biden Administration Reportedly Set To Propose Minimum Tax On Billionaires
Topline The White House will propose a direct tax on the 700 richest Americans as part of its 2023 budget proposal, the Washington Post reports, aiming to raise an estimated $360 billion over 10 years...
Worried About Getting Audited? Here Are Red Flags for the IRS.
Even though the Internal Revenue Service is auditing fewer taxpayers these days, you still don’t want to put a target on your back. Among those more likely to get audited: Small-business owners with l...
Unfair Crypto Taxes Can Hit India With Biggest Brain Drain Ever
India has finally approved the 30% crypto tax proposed in the Union Budget 2022-23 by the Finance Minister. Implications also include 1% Tax Deducted at Source (TDS) on every crypto transaction. Exper...
How to avoid a tax filing rejection if last year’s return is pending
Drakula & Co. | Moment | Getty Images The IRS is backlogged and still sifting through tens of millions of pending returns, including many of last year’s filings. If your 2020 return is part ...
Rio de Janeiro to Accept Cryptocurrency Payments for Taxes (Report)
Cryptocurrency adoption comes in different forms these days, but it seems that countries and cities are becoming more open to the idea of allowing certain payments to be made using such assets. Brazil...
Florida Will Allow Citizens To Pay Taxes In Bitcoin
Florida has announced that it would allow citizens to pay their state taxes in bitcoin. The state has been a hotbed for crypto activities as Miami Mayor Francis Suarez has made it his mission to make ...
Florida Governor Ron DeSantis Says State Is ‘Figuring out Ways’ to Allow Businesses to Pay Taxes in Bitcoin – Coinotizia
Florida governor, Ron DeSantis explained at a press conference on Tuesday that he’s spoken with state agencies and told them to figure out ways for businesses to pay tax with cryptocurrencies. During ...
Florida Governor Ron DeSantis Says State Is ‘Figuring out Ways’ to Allow Businesses to Pay Taxes in Bitcoin – Bitcoin News
Florida governor, Ron DeSantis explained at a press conference on Tuesday that he’s spoken with state agencies and told them to figure out ways for businesses to pay tax with cryptocurrencies. During ...
Spanish Treasury Admits That Cryptocurrency Holdings Don’t Need to Be Declared Under Model 720 – Taxes Bitcoin News
Spain’s Ministry of Treasury has admitted that Spanish citizens are not forced by law to declare their cryptocurrency holdings under the disputed Model 720, which involves declaring funds held abroad....
Florida Gov. DeSantis: ‘We Will Accept Bitcoin’ for State Taxes
In brief Gov. DeSantis said he’s directed state agencies to figure out how to allow businesses to make tax payments in cryptocurrency. While the Miami government has been recruiting crypto firms...
DeSantis: Florida May Soon Accept Crypto for State Business Taxes
Key Takeaways Florida’s governor, Ron DeSantis, has stated that his state is working toward accepting cryptocurrencies for business taxes. Governor DeSantis also expressed concerns over CBDCs an...
What Is an IRS Tax Transcript and How Do I Request One?
Do you need information from a tax return you filed three years ago because you’re making a major purchase and the lender wants to see your tax history? Maybe you need to provide your adjusted g...
Allowing Businesses To Pay Taxes in Crypto? : Florida Governor Wants So
Florida Governor Ron DeSantis is lately working on a plan to start accepting taxes via cryptocurrencies. He highlighted that he has told the state agencies to figure out ways in which they shoul...
Businesses could soon pay their taxes with crypto in Florida
The Governor of Florida, Ron DeSantis, has said that he’s working on the possibility of businesses within the state paying their taxes in crypto. Florida to embrace crypto payments for taxes This reve...
Businesses in Florida to Be Able to Pay Taxes in Crypto
Arman Shirinyan Businesses in Florida are ready to be taxed with cryptocurrencies Pro-crypto Florida Governor Ron DeSantis announced a new plan for businesses in the state that would allow paying taxe...
Florida Governor Wants to Let Businesses Pay Taxes in Crypto
More and more politicians in the United States are warming up to the crypto industry, wanting to allow digital assets to be used for payments. Florida Governor Ron DeSantis has stated that he is worki...
Indian Government Reveals How It Plans to Tax Cryptocurrency Transactions – Taxes Bitcoin News
India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto transact...