Taxes – Page 36 – DIGIT INFO

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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More Russians are disclosing their cryptocurrency incomes: report

Consulting firms like PwC Russia said that Russians have been increasingly reporting their income from cryptocurrency operations.

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Crypto-focused software firm Lukka raises $53M in funding round

Lukka said it planned to add additional features for customers dealing in derivatives, DeFi products, and other products of the crypto space.

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South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn

South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges. No Details on How the Agency Will Supervise […]