Tax – DIGIT INFO

SARS Pushes New Crypto Tax Rules for 6 Million Users as Audits Ramp up Across South Africa

DIGIT — Sun, 05 Jul 2026 03:30:47 +0000

The South African Revenue Service (SARS) has published its guidance on the taxation of crypto assets to standardize compliance for an estimated 6 million local users. SARS Targets Six Million Users The South African Revenue Service (SARS) has released guidance on the taxation of crypto assets, a major regulatory push to standardize compliance across the […]

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Senate Could Unveil Crypto Tax Bill by Fall 2026 as CLARITY Act Push Continues, GOP Senator Daines Says

DIGIT — Wed, 24 Jun 2026 21:04:58 +0000

Senate lawmakers could release cryptocurrency tax legislation as early as this fall, Sen. Steve Daines (R-Mont.) said, with the Montana Republican stating that a framework is already in place and broadly aligned with a parallel House effort. A Framework Already in Place Senate lawmakers working on cryptocurrency tax rules may be ready to act “sooner […]

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Illinois Governor JB Pritzker Greenlights Crypto Tax of 0.2% on Every Transfer Starting 2027

DIGIT — Fri, 19 Jun 2026 08:30:27 +0000

Illinois has enacted a 0.2% tax on digital asset transfers that will apply whether a trade ends in profit or loss, beginning Jan. 1, 2027. Industry groups have branded the measure the most punitive crypto tax in the U.S. and are already pushing for a repeal. A Tax on Movement, Not Profit Illinois has become […]

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Crypto Investors Could Lose Key Tax Advantage Under New House Proposal

DIGIT — Thu, 18 Jun 2026 01:30:48 +0000

Proposed crypto tax changes could limit loss-harvesting strategies by extending wash sale and constructive sale rules to many digital assets, while providing limited exemptions for certain categories of crypto activity. House Proposal Would Bring Crypto Trades Under Wash Sale Restrictions House Budget Chairman Jodey Arrington (R-TX) on June 17 issued a press release highlighting H.R. […]

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Congress Examines 8 Crypto Tax Proposals as $2T Market Faces Compliance Burden

DIGIT — Sun, 14 Jun 2026 18:33:49 +0000

House tax lawmakers reviewed eight digital asset tax proposals seeking clearer rules for crypto payments, mining, staking, donations, and compliance. The measures aim to reduce paperwork for digital asset users while establishing clearer tax treatment for key activities across the sector. House Tax Panel Reviews Eight Digital Asset Tax Proposals The House Ways and Means […]

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Crypto Holders Avoid Israel’s Tax Program, Exposing Just $50.7M of Hidden Capital

DIGIT — Thu, 04 Jun 2026 09:30:23 +0000

Israel’s latest voluntary disclosure program is drawing little participation from crypto holders, with new data showing that only a small share of undeclared digital‑asset wealth is being reported. Broad Underperformance Across All Assets Israel’s push to surface undeclared cryptocurrency holdings is falling far short of expectations, with new data showing that taxpayers are largely avoiding […]

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Kenyan Official Rejects New Crypto Tax Claims as Nairobi Tightens Virtual Asset Rules

DIGIT — Wed, 27 May 2026 05:30:53 +0000

Kenyan Treasury Cabinet Secretary John Mbadi dismissed widespread rumors that the Finance Bill 2026 introduces new taxes on cryptocurrency transactions. Clarifications on Digital Content and Bread Taxes In a bid to quell growing public anxiety, Kenyan Treasury Cabinet Secretary John Mbadi has dismissed reports that the government is imposing fresh tax levies on cryptocurrency transactions. […]

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South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January

DIGIT — Thu, 07 May 2026 16:40:05 +0000

The Ministry of Economy and Finance has officially confirmed that South Korea will begin taxing virtual assets starting January 2027. Official Stance on Implementation Timeline A top South Korean finance official reportedly confirmed that the government intends to begin taxing virtual assets in January as originally scheduled, marking the first time the Ministry of Economy […]

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Colombia’s Petro Forced to Seek Congressional Approval for Gambling VAT After Courts Block Emergency Decrees

DIGIT — Tue, 14 Apr 2026 10:45:05 +0000

Colombia’s Constitutional Court has declared President Gustavo Petro’s economic emergency decree unconstitutional, ending a 13-month effort to impose value-added taxes on the country’s online gambling sector through executive action. The April 9 ruling forces the government to pursue any future gambling tax through Congress. The presidential election is now less than seven weeks away. Key […]

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Japan’s Crypto Tax Win: What You Need to Know About the 2028 Timeline

DIGIT — Tue, 07 Apr 2026 06:30:05 +0000

Japan is moving from a punitive miscellaneous income tax of up to 55% to a flat 20.315% separate taxation regime, aligning crypto with traditional stocks. The reform introduces a three-year loss carryforward, allowing traders to offset gains against past losses, a major step toward treating crypto as a standard financial instrument. Key Takeaways: On March […]

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