Powered by WPeMatico
Category: tax rates
Auto Added by WPeMatico
Cryptocurrency and Taxes: How to Use 2018’s Losses to Your Advantage
Taxes have been a hot topic in the cryptocurrency world this year. Many countries have been trying to figure out how to tax crypto assets, while traders have been figuring out how to lever them to write off losses. As bitcoin and other cryptocurrencies enter the mainstream, tax reduction strategies are starting to emerge. Also […]
The post Cryptocurrency and Taxes: How to Use 2018’s Losses to Your Advantage appeared first on Bitcoin News.
Powered by WPeMatico
Japan Wants to Scrap Its Progressive Crypto Tax Rate
Cryptocurrency traders in Japan currently can be taxed as high as 55% on their profits. However, the country’s Deputy Prime Minister, Taro Aso, wants to change how crypto transactions are taxed, from a progressive rate to a uniform rate. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Aso Wants to Change Crypto Taxation The Japanese […]
The post Japan Wants to Scrap Its Progressive Crypto Tax Rate appeared first on Bitcoin News.
Powered by WPeMatico
331 High-Income Traders Declared Crypto Profits in Japan
The Japanese tax authority has for the first time revealed the number of high-income taxpayers who declared cryptocurrency profits in the year 2017. Out of the total number of taxpayers with miscellaneous income of 100 million yen or more, excluding public pension, 60% of them reported income from crypto transactions. Also read: Yahoo! Japan Confirms Entrance […]
The post 331 High-Income Traders Declared Crypto Profits in Japan appeared first on Bitcoin News.
Powered by WPeMatico
Tax Loophole Closing For South Korean Cryptocurrency Exchanges
The South Korean government is working on taxing cryptocurrency transactions. While the media reports that up to 24.2 percent taxes will be collected this year from crypto exchanges, the regulators say that the tax rates have not been decided. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations What Tax Rates Apply To […]
The post Tax Loophole Closing For South Korean Cryptocurrency Exchanges appeared first on Bitcoin News.
Powered by WPeMatico