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Tag: tax authority

New Brazil Bill Seeks to Modify Crypto Taxes – CryptoCurrencyWire

Brazil is gearing up for a significant shift in its approach to taxing cryptocurrencies. A fresh bill drafted by the Ministry of Finance is...

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What is Disbursement? How It Works, Examples & FAQs

A disbursement refers to paying out or distributing money or funds from a source to recipients. It typically involves releasing funds for specific purposes,...

Challenges Of Cryptocurrency Regulation: Coinbase Challenges US Regulations – CryptoInfoNet

Coinbase, a prominent cryptocurrency exchange, has formally raised objections to the proposed tax regulations put forth by the Internal Revenue Service (IRS) for crypto...

HMRC Gains Reinforcements: Tax Dodgers Beware

HMRC, the British customs and tax authority, has been quietly beefing up its compliance battalion in a bid to stem a sharp decline in tax...

Unlocking the Mysteries of CFDI: Your Friendly Guide

CFDI, or Comprobantes fiscales digitales por internet, is the electronic invoicing format used in Mexico that has a profound impact on businesses. Organizations in...

South Korean city to seize crypto from thousands of tax evaders: Report

The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents.The...

Token issuers in Japan exempt from 30% crypto tax on paper gains

Token issuers in Japan no longer have to pay corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax...

Crypto retail trading should be regulated as gambling: UK lawmakers

The trading of so-called “unbacked cryptoassets” such as Bitcoin (BTC) and Ether (ETH) should be regulated as gambling rather than a financial service, a...

UK Tax Authority to Access Crypto Wallets and Seize Bitcoin for Missing Payments

The UK Tax authority is looking to keep up with the times. HMRC can already seize funds from bank accounts. FinTechs and crypto are...

UK Draws Flak Over Proposal to Seize BTC From Exchanges

UK’s tax office may introduce rules to seize crypto from businesses that don’t pay taxes. The rule may get implemented faster on wallets...

Kenya Proposes 3% Tax on Digital Asset Transfers as Part of Finance Bill 2023

Join Our Telegram channel to stay up to date on breaking news coverage The National Treasury of Kenya, which is responsible for the country’s finances,...

China Fines Bitmain $3.6 Million for Tax Violations, Report

Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks...

Death and crypto taxes: Which one inspires greater dread?

“Nothing is certain except death and taxes,” Benjamin Franklin once wrote. The old adage from one of America’s founding fathers has never been more...

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