Ohio state treasurer Robert Sprague revealed that two companies have used the recently introduced option to pay taxes with cryptocurrencies
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Two Companies Used Crypto to Pay Taxes in Ohio, Says State Treasurer
Category: Taxes
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China: Guangdong Province to Use Blockchain-Based Electronic Tax Invoices for E-Commerce
China’s most populous province is set to implement a blockchain-backed platform for electronic invoice services
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Japan Economic Alliance Asks Financial Regulator FSA to Reduce Tax on Crypto
The Japan Association of New Economy has asked the country’s financial watchdog to reduce taxes on crypto
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Venezuela Introduces Ambiguous Cryptocurrency Taxation Guidelines
Venezuela has always been an interesting country when it comes to Bitcoin and other cryptocurrencies. Despite this form of money being very popular, it also irates the local government. A new proposal has appeared in local newspapers which claims crypto transactions will be taxed. It remains unclear how the government plans to enforce such actions in the real world, though. Venezuela Wants to Tax Crypto Transfers It is not the first time Bitcoin and altcoins are met with a lot of scrutiny in Venezuela. Ever since the country introduced its own native cryptocurrency, any efforts involving Bitcoin and altcoins have
The post Venezuela Introduces Ambiguous Cryptocurrency Taxation Guidelines appeared first on The Merkle Hash.
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Venezuela Imposes Fees and Limits on Local Crypto Remittances
Venezuelan government sets monthly limit on crypto remittances within the country, introduces fees of up to 15 percent
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5 Crypto-Friendly Countries to Base Your Business
Choosing the best country to set up a business is vital in this digital age, and especially so for crypto companies. As governments around the world continue to learn more about cryptocurrencies and elect to either crack down on them or allow them to flourish, some jurisdictions emerge as being better than others for launching […]
The post 5 Crypto-Friendly Countries to Base Your Business appeared first on Bitcoin News.
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The Daily: Turbo Tax Adds Crypto Section, Venezuela’s Localbitcoins Record
In this edition of The Daily, tax filing software Turbo Tax has integrated a feature that allows crypto investors to report their capital gains online. Also, Venezuelans have set a new record in P2P trade on Localbitcoins and Brazilians can now pay for movie tickets with digital coins. Also read: Twitter CEO Talks Bitcoin, Bitstamp […]
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TurboTax to Add New Section for Calculating Crypto Taxes
TurboTax Online, a U.S. tax preparation software, adds crypto tax calculation to its services
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New Hampshire House Subcommittee Approves Bitcoin for Taxes Bill
During the first week of the new year, two U.S. representatives from New Hampshire, Dennis Acton and Michael Yakubovich, proposed a bill that would allow the state’s residents to pay taxes with cryptocurrencies. Now after some deliberation, New Hampshire’s House Subcommittee unanimously approved the state’s bitcoin for taxes bill. Also read: US State of Ohio Accepts […]
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Cryptocurrency Is Providing a Lucrative New Revenue Stream for Governments
Cryptocurrency’s resistance to government control is countered by the fact that a number of governments, including Chile, Romania, Spain and South Africa, are looking to cash in by taxing crypto assets. These countries are crafting laws that bind citizens to annually disclose cryptocurrency investments that, in some cases, are held at home and abroad, and […]
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