Crypto taxation could deter investors, says Thai ruling party MP
Thai ruling party MP calls for due diligence from Excise Department to study the crypto market carefully before imposing any tax Go to Source Powered by WPeMatico
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Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions
The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential Candidate Looks to Attract Young Voters With Crypto Tax Cuts Yoon … Read more
Australian Regulator Warns Against Investing Retirement Funds in ‘High Risk’ Crypto-Assets
An Australian regulator has warned residents seeking to self-manage their retirement funds to be wary of investing in crypto-asset investments that promise high returns in a short space of time. The regulator reiterates in the warning that crypto-assets are a high-risk and speculative investment. Scammer Tactics The Australian financial services regulator, the Australian Securities and … Read more
Crypto-focused software firm Lukka raises $110M, reaches $1.3B valuation
Lukka said it planned to use the funds for “aggressive growth and global expansion strategy” with its current customer base dealing in products related to the crypto space. Go to Source Powered by WPeMatico
Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains
As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income related to cryptocurrencies. Thai Politicians Warn About Negative … Read more
Coinbase, PayPal join TaxBit Network for free crypto tax forms
TaxBit wants to prevent crypto users from spending “thousands of dollars per year” to generate crypto tax forms. Go to Source Powered by WPeMatico
Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23
An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else there will be confusion.” Industry Wants Clarity in Crypto Tax Laws in Union Budget … Read more
Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils
Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After last year’s significant market growth, the department intends to improve surveillance of crypto trade in 2022. Thailand Urges Crypto Traders to Report … Read more
Crypto trades in Thailand now reportedly subject to 15% capital gains tax
While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty. Go to Source Powered by WPeMatico
Indian Authorities Raid Cryptocurrency Exchanges for Tax Evasion
India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax (GST) evasion has been detected by DGGI.” Tax Authorities Say Cryptocurrency Exchanges Have Been Evading GST Tax India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges across the country … Read more