Tax reduction – DIGIT INFO

Japan Blockchain Association demands tax cuts for crypto

DIGIT — Mon, 31 Jul 2023 15:04:35 +0000

Advocates of the crypto industry in Japan demand the revision of the national tax regime for digital assets.

Slovakian parliament votes in approval of lower crypto taxes

DIGIT — Thu, 29 Jun 2023 10:56:26 +0000

A parliamentary vote held by officials in Slovakia approved an amendment that will reduce the taxation of cryptocurrencies, which is currently on a sliding scale.

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Ethereum projects unite to protect users from MEV-induced high prices

DIGIT — Wed, 05 Apr 2023 14:00:00 +0000

In total, 27 Ethereum projects joined the initiative as launch partners, which includes Balancer, Gnosis DAO, Shapeshift, and StakeDAO, to name a few.

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El Salvador removes all taxes related to tech innovation for economic growth

DIGIT — Sat, 01 Apr 2023 06:08:06 +0000

Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador.

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Tax strategies allow crypto investors to offset losses

DIGIT — Sat, 04 Feb 2023 14:19:56 +0000

Reporting cryptocurrency when filing taxes can help investors offset their losses.

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Here’s why India held on to older crypto reforms in national budget 2023

DIGIT — Wed, 01 Feb 2023 09:47:20 +0000

Experts opine that the Indian government needs more data and time to decide on rigid tax policies, given it has been only ten months since the tax laws were introduced in March 2022.

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Australian Treasury consults public on Bitcoin foreign currency tax exclusion

DIGIT — Tue, 06 Sep 2022 08:56:26 +0000

The public has been provided with 25 days to share their opinion on the proposed legislation.

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Crypto tax can wait, free coins can’t: S. Korea mulls ‘gift tax’ for airdrops

DIGIT — Mon, 22 Aug 2022 08:16:34 +0000

South Korea has postponed its crypto gains tax on multiple occasions due to a lack of investor protection measures and regulatory guidelines.

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Japan may see a reduced 20% tax on crypto earnings with new proposal

DIGIT — Thu, 04 Aug 2022 11:20:02 +0000

The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years.

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Russian Duma passes bill to remove VAT, lower income tax rates on digital asset sales

DIGIT — Tue, 28 Jun 2022 20:15:00 +0000

Russia is turning to blockchain technology in an effort to counteract economic isolation brought on by the sanctions imposed due to its invasion of Ukraine.

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