Bookmarking Crypto Insights
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In late August, the South African Revenue Service (SARS) released new guidelines that clarify the correct treatment of taxable crypto events. The new guidance, which was published on the revenue collector’s webpage, explains how cryptocurrency-related income should be disclosed in tax returns. Distinction Between Income and Capital Gains Tax As shown on SARS’ crypto-asset tax … Read more
What the United States needs is tens of billions of dollars, and the state is going to take it from the American crypto community. Go to Source Powered by WPeMatico
The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify Crypto Taxation in Slovenia The Financial Administration … Read more
The United Arab Emirates has been cementing its presence in the digital asset industry recently with multiple efforts to further adopt blockchain-based technologies. Go to Source Powered by WPeMatico
“We want members of Congress to know that we’ll be watching them and that we won’t let them hide from their positions on this,” said Evan Greer. Go to Source Powered by WPeMatico
According to Zachary Kelman, Republicans and moderate Democrats may know the tax reporting requirements for crypto firms are impossible, but want to have a provision to fund some of the projects without raising taxes. Go to Source Powered by WPeMatico
A South African tax expert, Thomas Lobban, has warned non-tax paying crypto traders that they now face possible jail time if the South African Revenue Services (SARS) decides to lay tax offense charges against them. He adds that this threat of jail time similarly applies to South African crypto traders that use offshore exchange platforms … Read more
Crypto holders in the United States, Canada, and now Australia can generate tax reports using the exchange. Go to Source Powered by WPeMatico
The company said some of the funds would be used to open new offices in the United States and the United Kingdom. Go to Source Powered by WPeMatico
“Who knows how much innovation we’re going to stifle, who knows what kind of new apps never emerge,” said Senator Pat Toomey. Go to Source Powered by WPeMatico
