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Category: Crypto tax
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South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn
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South Korean Tax Agency Identifies Over 2,400 Evaders Who Used Cryptocurrencies to Bypass Taxation
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IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income
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Cordoba Becomes the First Argentinean Province to Impose Taxes on Crypto-Related Activities
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IRS Updates Tax Requirements for Cryptocurrency Owners
The U.S. Internal Revenue Service (IRS) has updated its instructions for disclosing crypto activities. The update provides clarification on who must answer “yes” to the IRS’ crypto question and when it is appropriate to select “no” as the answer. IRS Publishes New Crypto Tax Filing Instructions The IRS published updated instructions for Form 1040 on […]
The post IRS Updates Tax Requirements for Cryptocurrency Owners appeared first on Bitcoin News.
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India Considers 18% GST on Bitcoin Transactions
The Indian government is reportedly mulling over imposing an 18% goods and services tax (GST) on bitcoin transactions. According to the Central Economic Intelligence Bureau, the government could gain Rs 7,200 crore annually from this bitcoin taxation. 18% GST on Bitcoin Trades The Central Economic Intelligence Bureau (CEIB), an arm of the finance ministry, has […]
The post India Considers 18% GST on Bitcoin Transactions appeared first on Bitcoin News.
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Russian President Vladimir Putin Signs Order Compelling Government Workers to Disclose Crypto Holdings
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.
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OECD tax director says international crypto tax standards are coming in 2021
The director of the OECD’s tax center has revealed that the organization expects to release a tax reporting standard for crypto assets by the end of next year.
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Russia Proposes New Rules and Penalties for Cryptocurrency Owners
The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation Russia’s Ministry of Finance has proposed new amendments to the country’s law on digital financial […]
The post Russia Proposes New Rules and Penalties for Cryptocurrency Owners appeared first on Bitcoin News.
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