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The Irish revenue service has published a manual with guidelines aimed at eliminating the uncertainty surrounding the taxation of crypto transactions. Investors and traders of digital coins, businesses working with cryptocurrency and tax advisors, of course, can now find answers to many but not all of their questions. The notice has been issued at a […]
The post Ireland Clarifies Taxation of Crypto Transactions appeared first on Bitcoin News.
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Authorities in Poland have realized how inapplicable their decision to tax all crypto transactions really is. A high-ranking official from the Finance Ministry said in an interview that his department “accepts the irrational effect” of the tax it wanted to levy on every purchase and sale of cryptocurrency, regardless of their profitability. Other reports suggest […]
The post Poland Backpedals on “Irrational” Crypto Tax After Strong Backlash appeared first on Bitcoin News.
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Gains from cryptocurrency transactions will be taxed in Azerbaijan, according to a high-ranking official from the Tax Ministry. Authorities in the energy-rich nation intend to tap into both corporate profits and personal incomes. The country has previously taken a conservative stance on cryptocurrencies but the focus on taxation now signals a change in Baku. Also […]
The post Azerbaijan to Tax Crypto Incomes and Profits appeared first on Bitcoin News.
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A growing number of governments can’t resists the temptation to get their hands on some of the bitcoins their citizens are making. Several states, however, think that leaving some breathing space for crypto users and entrepreneurs is a better idea in the long run. Crypto-friendly tax regimes can still be found around the world. Also […]
The post These Countries Won’t Tax Your Bitcoins Too Much appeared first on Bitcoin News.
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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.
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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.
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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.
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If you are an American client of Coinbase and made plenty of transactions during 2017, you better check your email. The company sent out tax forms for 2017 to many clients who were not necessarily expecting it. Also Read: Bitcoin Tax Reporting Software Developer Node40 Acquired for $8m IRS Tax Form San Francisco-based cryptocurrency exchange […]
The post Coinbase Sends American Clients IRS Tax Form 1099-K appeared first on Bitcoin News.
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The South Korean government is working on taxing cryptocurrency transactions. While the media reports that up to 24.2 percent taxes will be collected this year from crypto exchanges, the regulators say that the tax rates have not been decided. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations What Tax Rates Apply To […]
The post Tax Loophole Closing For South Korean Cryptocurrency Exchanges appeared first on Bitcoin News.
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The Indian tax authority has sent notices to cryptocurrency investors after discovering that some crypto investments are not reflected on tax returns. The government conducted a survey of crypto trading at the country’s 9 exchanges and found that more than $3.5 billion worth of transactions were traded over a 17-month period. Also read: Despite Multiple Government […]
The post Indian Crypto Traders Getting Notices From Tax Authority Due to Unreported Investments appeared first on Bitcoin News.
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