Taxes

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Crypto Tax Guidelines Leave More Questions Than Answers

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Cryptocurrency holders have long wrestled with their tax obligations. These fiduciary duties have been complicated by tax agencies, which are several steps behind technology and now playing crypto catch-up. Updated guidelines from the U.S. and U.K.’s tax agencies were finally released this year, but the initial relief felt by conscientious bitcoiners was to prove short-lived, … Read more

Britain’s Tax Authority Updates Crypto Guidelines

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Her Majesty’s Revenue and Customs (HMRC) has updated its guidelines on the taxation of transactions involving crypto assets. The United Kingdom’s tax authority clarifies its stance on cryptocurrencies and explains which taxes apply to specific activities carried out by business entities and private individuals. Also read: Bad Loans at Big British Banks Jump Over 50% … Read more

Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland

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Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Polish … Read more

6 Commonly Asked Cryptocurrency Tax Questions

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Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. #1 Do I need to report cryptocurrency on my taxes? Cryptocurrency is treated as property for tax purposes. Just like stocks, bonds, real-estate, … Read more

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