Taxes – Page 28 – DIGIT INFO

Law Decoded: India ponders going full China on crypto, Nov. 22–29

The world’s sixth-largest economy could adopt a hardline stance against decentralized cryptocurrencies as soon as this winter.

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Crypto can erode tax base, Russia’s tax boss says

The Russian State Duma approved a bill on crypto taxation in early 2021 but the bill has yet to move any further.

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US lawmakers introduce bill to ‘fix’ crypto reporting requirement from infrastructure law

The bill proposes pushing back the mandated reporting requirements to 2026 as well as changing the definition of broker.

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India to reduce GST paid on cryptocurrency exchanges from 18% to 1% through regulatory reclassification

Despite the growing popularity of cryptocurrencies in India, lawmakers remain deeply divided on implementing a proper regulatory framework.

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President Biden signs infrastructure bill into law, mandating broker reporting requirements

Crypto was absent from every speaker’s lips during the signing ceremony, with bipartisanship and jobs seeming to be the theme of the afternoon.

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Citizens in Argentina Might Have to Pay Crypto Taxes Depending on Location

A new crypto tax paradigm is brewing in Argentina, where two provinces have now approved crypto tax laws. This means that Argentinian citizens must disclose their cryptocurrency holdings and pay taxes according to the trades they do in the provinces of Tucuman and Cordoba. This is because cryptocurrencies have been grouped with all other international […]

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Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment

As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply Capital Gains Tax to Bitcoin, Make Crypto […]

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Elon Musk offloads $1.1B in Tesla stock

The eccentric billionaire polled his Twitter followers but already had the sale planned due to tax obligations.

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House passes $1T infrastructure bill with crypto tax for Biden’s approval

The infrastructure bill was first proposed by the Biden administration aimed at primarily improving the national transport network and internet coverage.

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Slovenia Launches Public Consultations on Crypto Taxation Law

Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to Amend Tax Rules for Cryptocurrencies The Finance Ministry in Ljubljana has opened public consultations […]

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