Taxes – Page 37 – DIGIT INFO

US crypto tax startup TaxBit to channel $100M raise into UK expansion

Utah-based startup TaxBit prepares to provide global crypto-oriented tax expertise with a newly raised $100 million.

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South Korea fastracks 20% tax on Bitcoin and crypto profits to 2022

After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation.

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Russian Duma prepares bill on cryptocurrency taxation

The Russian State Duma will consider a new bill on cryptocurrency taxation on Feb. 17.

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Miami council supports mayor’s move to offer city worker salaries in Bitcoin

The City Commission of Miami is now looking into the feasibility of allowing Miami residents to pay taxes and receive salaries in Bitcoin.

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Bitcoin core non-profit gets approved for tax exemption, perks for donors

501(3)(c) status boosts the project’s legitimacy as well as its efficiency in using donations.

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Parents, it’s time for ‘the talk’: Did your kid trade crypto in 2020?

Now is the time to look beyond your own income-producing activities and look to your children’s crypto as well.

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US Library of Congress report highlights proof-of-stake tax blindspot

The taxman still isn’t wise to cryptocurrency earnings made through proof-of-stake. But that could change soon.

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South African Taxpayers Who Fail to Disclose Income From Cryptocurrency Trading Face Possible Jail Time

According to a report, the South African Revenue Service (SARS) has sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. Taxpayers that fail to correctly disclose their income from bitcoin or other cryptocurrencies may be “liable to a fine or imprisonment for up to two years.” SARS Tracking Non-Compliant […]

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Coinbase users can now report their crypto taxes using CoinTracker

Filing 2020 taxes may be slightly less complicated for Coinbase users than it was before.

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South Korean Government to Start Taxing Crypto Trading Profits in 2022

The South Korean government has issued an amendment to introduce tax on cryptocurrency trading profits. The plan is now a reality after several attempts to delay it by lawmakers. New Rules Impose 20% Tax on Crypto Profits Per Asia Today, the legislative notice details that the amendment will be enacted in February, and profits from […]

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