Bookmarking Crypto Insights
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While tax laws on cryptocurrency vary by jurisdiction, there are many useful tools to help you calculate crypto taxes, lower your tax liabilities, and simplify your filing — no matter where you are. Many of them work globally, supporting tax forms of multiple countries, and can import data directly from all major crypto exchanges. Also … Read more
The now-defunct Canadian crypto exchange QuadrigaCX is being audited by the Canada Revenue Agency Go to Source Powered by WPeMatico
The information that the IRS is receiving from cryptocurrency exchanges does not reflect your capital gains and losses whatsoever. This is problematic because these capital gains and losses are what you actually pay taxes on, not gross transaction amounts Go to Source Powered by WPeMatico
French economy minister Bruno Le Maire says that local authorities won’t tax crypto-only trades, but will tax when cryptos are sold for fiat Go to Source Powered by WPeMatico
First steps towards cannabis tax remittances via stablecoin in California as local politician buys cannabis using cryptocurrency Go to Source Powered by WPeMatico
Iran’s National Tax Administration states that cryptocurrency miners will be eligible for a repatriation tax exemption, similar to non-oil exports Go to Source Powered by WPeMatico
Cryptocurrency enthusiasts and businesses in the industry have had to put up with regulatory uncertainty for quite some time. The strong desire to tap into their incomes and profits goes hand in hand with failure on behalf of authorities and regulators to fully understand the nature of decentralized digital assets. Not to mention how absurd … Read more
With crypto, the IRS is digging hard, investigating both tax evasion and just poor compliance. What the IRS considers “willful” vs. “non-willful” tax flubs have huge consequences Go to Source Powered by WPeMatico
Portuguese tax authorities clarified that both crypto trading and payments in crypto are not taxed in the country Go to Source Powered by WPeMatico
Salaries paid in decentralized digital coins have become a norm across the crypto industry, but there’s really no reason why cryptocurrencies can’t be used for remuneration by businesses in other sectors as well. In many jurisdictions that should be legal even in the absence of dedicated legislation. Switzerland, New Zealand, Japan and Estonia are a … Read more
