Tag: tax rules
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Bitcoin, Altcoins, DeFi, and NFTs: What’s Taxable?
Executive Summary
If you have invested in cryptocurrencies, DeFi, or NFTs, there’s a good chance you may have to pay taxes.
In this guide, we will...
India’s CoinDCX exchange lays off 12% of staff
CoinDCX, one of India’s largest cryptocurrency exchanges, said on Tuesday it is laying off 12% of its staff due to the impact of a...
Brazil’s Congress moves to levy higher taxes on cryptocurrencies
Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local reports, a congressional committee has...
Japan Blockchain Association Proposes Cryptocurrency Tax Reforms to Government
The Japan Blockchain Association (JBA), led by Representative Director Yuji Kano of bitFlyer, submitted a proposal for cryptocurrency tax reforms to the government on...
Japan Blockchain Association Calls for Major Crypto Asset Tax Reform – Investor Bites
SNEAK PEEK
JBA urges a flat 20% tax rate on individual crypto transactions. Abolishment of year-end unrealized gain tax could boost Web3 growth. Crypto...
Crypto adoption in Portugal below global average, just 2.6% hold digital assets
While experiencing strong growth in its crypto industry, Portuguese natives display a relatively cautious approach to digital assets compared to the global average,...
US Court Backs IRS in Part Against Kraken Over Tax Rules
The United States District Court, Northern District of California, has partially upheld a summons issued by the Internal Revenue Service (IRS) to Payward Ventures,...
Slovakian Lawmakers Pass Amendment Lowering Cryptocurrency Taxation
Lawmakers in Slovakia have approved new legislation, with a resounding 112-2 vote in favor, aimed at reducing taxes associated with the sale of crypto...
Contrasting Bitcoin Taxation: Luxembourg’s 48.78% vs Germany’s 0%
Luxembourg taxes bitcoin holdings held for over a year at a rate of 48.78%. In contrast, Germany has a 0% tax rate for...
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...
Congressmen From California and Massachusetts Ask IRS To Get Control of Crypto Tax Evaders – The Daily Hodl
Two US congressmen are calling on the Internal Revenue Service (IRS) to speed up efforts to ensure cryptocurrency users are complying with tax rules.
In...
Why is the Cryptocurrency market down in May 2023?
The cryptocurrency market downtrend in May 2023 was led by Bitcoin, which plunged to its lowest level in a year.
Cryptocurrencies are influenced by a...
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