crypto income – DIGIT INFO

Albania to Start Taxing Crypto-Related Income From 2023

DIGIT — Sat, 25 Jun 2022 09:30:45 +0000

Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations. Albania Set to Impose Crypto Tax as Early as Next Year The Albanian state should […]

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Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency

DIGIT — Tue, 31 Aug 2021 12:00:44 +0000

The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify Crypto Taxation in Slovenia The Financial Administration […]

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IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income

DIGIT — Mon, 08 Mar 2021 19:40:40 +0000

The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the IRS Office of Fraud Enforcement, unveiled “Operation Hidden Treasure” last week at a Federal Bar Association […]

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Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange

DIGIT — Wed, 22 Jan 2020 04:35:04 +0000

A new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency miners. The country has just launched its first licensed crypto exchange. Also read: Uzbekistan to […]

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New Bill Proposes 5% Tax on Crypto Incomes in Ukraine

DIGIT — Thu, 09 Aug 2018 21:25:30 +0000

A draft law prepared by deputies and representatives of the industry aims to introduce light taxation of crypto incomes in Ukraine. Businesses and individuals will be required to pay 5% on their profits from trading and mining cryptocurrencies when exchanged to fiat. Add to that the mandatory ‘military charge’ of 1.5% all Ukrainians owe the […]

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