tax service – DIGIT INFO

Tax Authority Slated to Become Main Crypto Regulator in Russia

DIGIT — Wed, 17 May 2023 10:25:56 +0000

Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and Transactions to Their Tax Service […]

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South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal

DIGIT — Sat, 24 Sep 2022 06:30:27 +0000

The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual assets from people accused of tax evasion in 2021. Almost 260 Billion Won in Crypto Seized for Tax Evasion in South Korea The amount of […]

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Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies

DIGIT — Wed, 03 Aug 2022 11:30:06 +0000

South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been actively used for money laundering. Korean Citizens Accused of Investing in Crypto Assets […]

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6 Crypto Websites Blocked by Russia’s Media Watchdog, Including Major News Outlet

DIGIT — Mon, 09 Mar 2020 03:30:02 +0000

In what seems to be another episode in a long-running campaign, the Russian telecom regulator has restricted access to at least six websites posting content related to cryptocurrencies. Тhe forum section of Bits.media, a leading crypto news outlet, is among the internet pages that have been blacklisted this month. Also read: Russians Can Use Qiwi, […]

The post 6 Crypto Websites Blocked by Russia’s Media Watchdog, Including Major News Outlet appeared first on Bitcoin News.

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South African Tax Authority Going After Crypto Traders

DIGIT — Sun, 19 Aug 2018 14:40:21 +0000

The South African Revenue Service is working to improve the tracking of cryptocurrency traders and their transactions in order to verify if they are paying taxes. According to its Commissioner, the agency is exploring ways to better identify those that are profiting from trading digital assets and check if they are evading taxation. Also read: […]

The post South African Tax Authority Going After Crypto Traders appeared first on Bitcoin News.

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