Category: Taxes
Auto Added by WPeMatico
Fear of Retrospective IRS Regulation Changes Discourages Filing, Says Crypto Tax Expert
Indonesia’s Commodities Regulator Requests Finance Ministry to Review Crypto Taxes
Brazil signs its overseas crypto tax bill into law
Under the new taxes, Brazilian citizens will pay up to 15% of profits from crypto to the state.
US accounting standards board rules will reflect institutional crypto assets’ fair value
The U.S. FASB has decided that crypto assets will be represented at their fair value in accounting beginning late next year.
Kenyan crypto tax bill makes it through Parliamentary Committee
The Capital Markets (Amendment) Bill will now be introduced to the lower chamber of Parliament in Kenya.
IRS team reports rise in crypto tax investigations
According to the fiscal year 2023 report, the IRS unit investigated failures to disclose crypto holdings and report on capital gains for transactions.
Tax services are getting pushy to have crypto declared: Law Decoded, Nov. 27–Dec. 4
Spain and Brazil are chasing cryptocurrency stored abroad, while the U.K. wants taxes paid for crypto assets that weren’t previously declared.
UK crypto hodlers get a call from the tax grinch
HMRC has issued a stark warning to crypto, NFT and utility token holders that they must pay their taxes on time or face the consequences.
Spanish citizens to declare foreign crypto holdings by end of March 2024
Only individuals with balance sheets exceeding the equivalent of 50,000 euros in crypto assets are obliged to declare their foreign holdings.