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Category: tax rules
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Portugal proposes 28% tax on annual crypto trading profits next year
The cryptocurrency tax haven could see taxes levied on profits realized from cryptocurrency trading or capital gains within a year of their acquisition.
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Thailand Approves Tax Relief Measures for Crypto Trading
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US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule
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Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency
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South Korean Government to Start Taxing Crypto Trading Profits in 2022
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Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes. Also read: Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep […]
The post Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business appeared first on Bitcoin News.
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Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines […]
The post Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance appeared first on Bitcoin News.
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Why Portugal’s Tax-Free Crypto Trading Matters for Bitcoin
Cryptocurrency enthusiasts and businesses in the industry have had to put up with regulatory uncertainty for quite some time. The strong desire to tap into their incomes and profits goes hand in hand with failure on behalf of authorities and regulators to fully understand the nature of decentralized digital assets. Not to mention how absurd […]
The post Why Portugal’s Tax-Free Crypto Trading Matters for Bitcoin appeared first on Bitcoin News.
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