Taxes – Page 35 – DIGIT INFO

Indonesian regulators consider tax on cryptocurrency transactions

Officials are considering a tax on all cryptocurrency transactions in Indonesia.

Crypto tax in South Korea is ‘inevitable’ in 2022, says minister

South Korea’s finance minister said that cryptocurrencies like Bitcoin will be taxed as “intangible assets.”

Biden’s proposed capital gains tax rise will hit only richest 0.3%

Only 0.3% of taxpayers in the U.S. would be hit by higher levies on their investments under the new capital tax plan, a senior Biden administration official said.

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NFTs and US taxes: What you should know

Are there any pitfalls in NFT taxation according to the current U.S. laws?

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Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South Korea

The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges. The tax authority is now going after hundreds more taxpayers who are delinquent on paying their taxes. Crypto Seizure […]

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Norwegian authorities urge crypto users to declare earnings on upcoming return

“Our experience is that most people will follow all laws and regulations, and we will help those who invest in crypto to do it right,” said Marius Johansen.

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More IRS summonses for crypto exchange account holders

The recent John Doe summons developments indicate that the IRS is seriously interested in crypto — better to report than to be audited.

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The crypto FBAR: Implications beyond

What crypto owners should know if crypto accounts fall within the new Foreign Bank and Financial Accounts regulations.

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Miami-Dade Officials Hope to Launch a Crypto Task Force, Residents Could Pay Taxes in Bitcoin Soon

Back in mid-February, Bitcoin.com News reported on Miami’s Mayor Francis Suarez supporting the idea of the city holding bitcoin in the treasury and allowing tax payments in bitcoin as well. On April 15, 2021, reports show that the city may introduce the tax payments concept soon, as the District 8 county commissioner Danielle Cohen Higgins […]

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Miami commissioner wants to let residents pay taxes in Bitcoin

A new resolution would establish a task force to study crypto in Miami-Dade county’s public administration.

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