Auto Added by WPeMatico
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be […]Powered by WPeMatico
The move will allow Brazilian taxpayers to easily settle their tax liabilities, meanwhile expanding “access” to the digital asset ecosystem.
Powered by WPeMatico
Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding $50 million in value. Law Enforcement and Tax Authorities in Romania Go After […]Powered by WPeMatico
In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators. The revenue collector added that it wants the tax bill settled before the MTI liquidation process is finalized. Liquidators Failing ‘as the Deemed Public Officers’ […]Powered by WPeMatico
Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover the rising cost of spending to […]
The post Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package appeared first on Bitcoin News.
Powered by WPeMatico
Raw data from the Federal Revenue of Brazil (RFB) shows that crypto traded volumes in the country exceeded $6 billion between January and September this year. According to the data, bitcoin dominates as it accounts for over 80% of traded volumes. Still, other cryptos like bitcoin cash, dai, and dogecoin had significant volumes in the […]
The post Brazil Revenue Collector’s Data Shows Cryptocurrency Volumes Exceed $6 Billion Between January and September appeared first on Bitcoin News.
Powered by WPeMatico
Russian President Vladimir Putin has signed an order compelling the country’s government workers to disclose their cryptocurrency holdings. The order stipulates that employees must submit details of where they bought the digital assets and the value thereof by June 30, 2021. Similarly, children and spouses of government employees must disclose their digital asset holdings, according […]
The post Russian President Vladimir Putin Signs Order Compelling Government Workers to Disclose Crypto Holdings appeared first on Bitcoin News.
Powered by WPeMatico
The Japanese NTA (Tax Agency) has announced a new strategic policy put in place by July 15th to promote and improve the environment for people and companies to spontaneously declare their virtual currency income tax returns. Also read: Japan Contemplates Scrapping Its Progressive Crypto Tax Rate NTA to Devise Simplified and Automated Tax Return Filing Method […]
The post Japan Tax Agency Says Individuals Earning $1,800+ in Crypto a Year Will Declare Tax appeared first on Bitcoin News.
Powered by WPeMatico
Taxpayers in Russia have started declaring incomes and profits from crypto transactions even before cryptocurrencies are legalized in the country, results from this year’s tax campaign show. The Finance Ministry has again clarified the applicable tax rules, while the State Duma is still fine-tuning the upcoming regulations. Also read: Russian Railways Eyes Crypto for Tickets, […]
The post Crypto Incomes Declared on Tax Returns in Russia appeared first on Bitcoin News.
Powered by WPeMatico
The Finnish government has revealed the number of taxpayers who owe taxes from bitcoin-related income. The country’s Tax Administration claims to have “different ways to combine information and identify people” who owe taxes from crypto profits, which are now “well over ten times higher than last year.” Also read: Russian Regulators Draft Law to Restrict Crypto […]
The post Finland Has Identified Thousands of Bitcoin Traders Who Owe Taxes appeared first on Bitcoin News.
Powered by WPeMatico