Taxes – Page 34 – DIGIT INFO

Korean gov’t clarifies crypto regulatory roles of different agencies

After some confusion, South Korea’s government has laid out which state and regulatory bodies are charged with the oversight of various aspects of crypto-related activities.

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H&R Block needs clear regulations before dealing with crypto taxes, CEO says

Ultimately, crypto taxing could be part of the business, H&R Block CEO Jeff Jones added.

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Privacy coin Monero pumps 31% amid US taxation plans

Monero’s surge amid cryptocurrency taxation news adds to an 84% bounce since the recent market crash.

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South African Crypto Holders Urged to Approach Tax Body Before It Descends on Them

A South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them. Lesperance argues that by making the first move, cryptocurrency investors will be able to avoid the punitive penalties that […]

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US lawmaker introduces bill aimed at protecting ‘forked assets’ from IRS

This is the third time Rep. Emmer has introduced the bill to the House of Representatives, but the first with a Democrat in the presidency.

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Argentina’s tax body reportedly asks crypto firms to report all activity

Argentina’s tax authority AFIP reportedly ordered domestic crypto exchanges and payment firms to provide monthly reports of all kinds of operations.

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IRS Will Seize Cryptocurrencies From Investors to Settle Tax Debts, Official Warns

An official of the U.S. Internal Revenue Service (IRS) has clarified that the agency is prepared to seize cryptocurrencies and sell them to satisfy tax collection if taxpayers fail to meet their tax obligations. Robert Wearing, IRS’ deputy associate chief counsel for Procedure & Administration, explained Wednesday that the agency can seize cryptocurrencies from taxpayers, […]

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Hungary to Cut Tax on Crypto Profits in Half, Down to 15%

The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with the move. Tax Cut to Attract Cryptocurrency Traders to Hungary […]