Auto Added by WPeMatico
Tax season in the U.S. is here, and many citizens who use or hold cryptocurrencies are clamoring around trying to figure out how to file their capital gains taxes. According to reports from Fundstrat’s analyst Tom Lee, cryptocurrencies represent roughly 20 percent of last years U.S. capital gains. Also Read: Emin Gün Sirer Discusses Cryptocurrency Academics […]
The post Tax Paying Americans Owe $25 Billion in Cryptocurrency appeared first on Bitcoin News.
Powered by WPeMatico
Cryptocurrency transactions are still tax-free in South Korea due to a lack of tax regulations. As the law stands, citizens are able to profit millions of won from cryptocurrencies without being required to pay taxes on them. However, the regulators have set a tentative timeframe for the introduction of the crypto tax law. Also read: Japan’s […]
The post Crypto Still Tax Free in Korea but Regulators Have Set Timeframe for Taxation appeared first on Bitcoin News.
Powered by WPeMatico
The Australian Taxation Office (ATO) has been researching how to formulate regulatory guidelines for taxing cryptocurrencies recently. This week the ATO is seeking input from Australian residents concerning how the country should tax digital assets. Also read: South Korean Exchange Paying Users to Report Illegal Crypto Schemes The Australian Taxation Office is Looking for Public Opinion Concerning […]
The post Australian Tax Agency Seeks Public Input Concerning Cryptocurrency Taxes appeared first on Bitcoin News.
Powered by WPeMatico
Reports have indicated that some investors are relocating in search of alternative taxation regimes in order to avoid heavy capital gains taxes. Japan currently taxes capital gains on profits derived through virtual currency trading at between 15% and 55%. Also Read: India’s Tax Department Issues Notices to 100,000 Crypto Investors Japanese Crypto Traders Prepare for Tax […]
The post Japanese Crypto Investors Flee Capital Gains Taxation of up to 55% appeared first on Bitcoin News.
Powered by WPeMatico
With success comes attention, and with notice comes the taxman. Bitcoin’s crazy great jump in price over 2017 has taken the world’s most popular cryptocurrency from a curiosity into a begrudgingly valued asset by governments. Capital gains is the tool of most revenue collectors when it comes to crypto, including the United Kingdom (UK). What […]
The post UK Bitcoiners Might Have Tax Loophole appeared first on Bitcoin News.
Powered by WPeMatico