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. Go to Source Powered by WPeMatico
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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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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 … Read more
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. Go to Source Powered by WPeMatico
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 … Read more
South Korea to introduce a 20% tax on crypto trading profits in 2023
After several delays, the South Korean government is going ahead with a plan to tax cryptocurrency holders. Go to Source Powered by WPeMatico
