Category: Cryptocurrency Taxation
Auto Added by WPeMatico
How to handle crypto trading gains and losses on your balance sheet
Cryptocurrency taxation and reporting transactions on your balance sheet differ. Here’s how to treat cryptocurrency on your balance sheet.
Thailand Approves Tax Relief Measures for Crypto Trading
Powered by WPeMatico
Thailand Relaxes Tax Rules for Crypto Investors, Scrapping 15% Withholding Tax
Powered by WPeMatico
Argentinean Tax Body Asks Domestic Cryptocurrency Exchanges to Report Monthly Transactions and Wallet Balances
Powered by WPeMatico
South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.5 […]
The post South Korea to Charge 20% Tax on Bitcoin Profits Under New Law appeared first on Bitcoin News.
Powered by WPeMatico
IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users
A recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts and issue subpoenas to make sure U.S. residents are paying taxes on […]
The post IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users appeared first on Bitcoin News.
Powered by WPeMatico
IRS Plans to Issue Guidance on Virtual Currency Taxation
Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official tax guidelines. Also read: Last Will Platform Allows Your Loved Ones to Inherit Your […]
The post IRS Plans to Issue Guidance on Virtual Currency Taxation appeared first on Bitcoin News.
Powered by WPeMatico
US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance
On Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter directed towards IRS commissioner David Kautter wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US […]
The post US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance appeared first on Bitcoin News.
Powered by WPeMatico