Bitcoin taxes – Page 2

Latvia Recognizes Cryptocurrencies in Order to Tax Them

Latvia Recognizes Cryptocurrencies in Order to Tax Them Trying to take its share of the profits, the government of Latvia may accept cryptocurrencies as a legal means of exchange. This year’s tax filing campaign is underway and officials don’t have much time. Two parliamentary commissions and the Ministry of Finance have expressed their views on the matter this week. Latvians may very soon […]

The post Latvia Recognizes Cryptocurrencies in Order to Tax Them appeared first on Bitcoin News.

Go to Source

Poles Protest Unfair Taxation of Crypto Incomes and Profits

Poles Protest Unfair Taxation of Crypto Incomes and Profits A decision by the Polish government to tax crypto transactions, even those that do not return profit, has provoked discontent among traders in the country. The local crypto community has decided to protest against the official stance of the Finance Ministry with an online petition which is gathering support. Taxes on crypto-related income in Poland […]

The post Poles Protest Unfair Taxation of Crypto Incomes and Profits appeared first on Bitcoin News.

Go to Source

South Africa Puts Onus on Taxpayers to Declare All Cryptocurrency Income

South Africa Puts Onus on Taxpayers to Declare All Cryptocurrency Income The tax authority of South Africa has warned taxpayers in the country against forgetting to report all their cryptocurrency transactions. However, it also presented a framework with a few positive points for those trading cryptocurrencies such as the ability to claim expenses and losses. Also Read: ADS Securities Adds Bitcoin Cash, Litecoin, and Ripple CFDs […]

The post South Africa Puts Onus on Taxpayers to Declare All Cryptocurrency Income appeared first on Bitcoin News.

Go to Source

Russians Owe 13% Tax on Their Crypto Incomes

Russians Owe 13% Tax on Their Crypto Incomes Russian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. […]

The post Russians Owe 13% Tax on Their Crypto Incomes appeared first on Bitcoin News.

Go to Source

0 to 50% – Time to Pay Crypto Taxes in the European “Union”

0 to 50% – Time to Pay Crypto Taxes in the European “Union” With the increasing popularity of bitcoin and the like, this year’s tax campaign in Europe comes with many questions on how to report and pay crypto taxes. Despite the obvious hesitation on the part of many governments to comprehensively regulate/legalize the sector, cryptocurrency incomes and profits “enjoy” special attention. Different decisions on the matter pose […]

The post 0 to 50% – Time to Pay Crypto Taxes in the European “Union” appeared first on Bitcoin News.

Go to Source

What Is Claritas?

Convenient solutions for cryptocurrency asset owners are not all that easy to come by these days. Claritas wants to make a big impact in this regard, as its solution focuses on letting users view their holdings, gains and losses. The platform also has proper tax accounting features, which will certainly be of great interest to customers in the United States. What is Claritas Exactly? Even though most cryptocurrency enthusiasts do not like the idea of paying capital gains taxes on their holdings, it is difficult to escape that prospect in the United States. As such, proper tax accounting solutions are in rather

Go to Source

Coinbase Launches Cryptocurrency Trading Tax Calculator

Coinbase Launches Cryptocurrency Trading Tax Calculator Having recently had to report over 13,000 of its clients to the US Internal Revenue Service (IRS), making it easier to handle tax reporting is a must for Coinbase. The company has launched a tax calculator, but it will not be of much use for many of its clients including those who transacted with GDAX, […]

The post Coinbase Launches Cryptocurrency Trading Tax Calculator appeared first on Bitcoin News.

Go to Source

Italy Completes Consultations on Registration of Crypto Companies

Italy Completes Consultations on Registration of Crypto Companies Public consultations on a new regulatory regime for crypto companies in Italy are now closed. Interested parties were invited by the Ministry of Economy and Finance to share suggestions and comments on a draft decree introducing registration and reporting requirements in the sector. The new set of rules will come into force within 3 months […]

The post Italy Completes Consultations on Registration of Crypto Companies appeared first on Bitcoin News.

Go to Source

Several States Spearhead Bitcoin Adoption in the U.S.

Several States Spearhead Bitcoin Adoption in the U.S. U.S. states with positive attitudes have advanced towards bitcoin legalization – a process that a growing number of elected officials consider inevitable, if not desirable. Numerous crypto-friendly bills have been introduced, and some of them have received approval in committees and houses of state legislatures. One wouldn’t necessarily think of states like Arizona, Tennessee, and […]

The post Several States Spearhead Bitcoin Adoption in the U.S. appeared first on Bitcoin News.

Go to Source

Arizona Closer to Accepting Bitcoin and Regulating ICOs

Arizona Closer to Accepting Bitcoin and Regulating ICOs Arizona may become the first U.S. state to legalize bitcoin as a payment option for tax purposes. Bills to that end have been advancing in the State Legislature, with one of them already passed by the Senate Finance Committee. First reading of a draft law regulating ICOs has been scheduled, too. The Grand Canyon State […]

The post Arizona Closer to Accepting Bitcoin and Regulating ICOs appeared first on Bitcoin News.

Go to Source