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The deadline for submitting tax returns in the UK is Jan. 31, 2019. If you hold investments in bitcoin or any other cryptocurrency it is important to be aware you may owe corporation tax, income tax, or capital gains tax depending on your activities. The U.K.’s HM Revenue and Customs (HMRC) has shared its most recent … Read more
In the United States, Bitcoin investors who sold their BTC lost $1.7 billion, but overall don’t intend to deduct it on their tax returns, a survey finds Go to Source Powered by WPeMatico
The National Revenue Agency of Bulgaria is preparing to conduct inspections on cryptocurrency trading platforms and their customers. The authority wants to make sure that both are fulfilling their obligations under the country’s tax and social security laws. Also read: Denmark’s Tax Agency to Collect Information About Bitcoin Traders Nine Crypto Companies Subjected to ‘Control … Read more
Danish tax authorities will soon be going after cryptocurrency traders in the country and beyond. The plan is to collect data from local bitcoin exchanges in order to verify if citizens who have traded digital assets have paid the right taxes. Information about foreign citizens and entities will be shared with other countries. Also … Read more
Cryptocurrency-selling companies are now being inspected by the Bulgarian National Revenue Agency Go to Source Powered by WPeMatico
Denmark’s Tax Authority has been authorized by the country’s Tax Council to obtain information regarding all trades of cryptocurrencies across three domestic crypto exchanges Go to Source Powered by WPeMatico
To boost innovation, South Korea’s government added blockchain to the fields of research and development eligible for a tax credit Go to Source Powered by WPeMatico
The CEO and co-founder of crypto finance company Circle says more clarity over crypto and securities laws will help unlock market activity Go to Source Powered by WPeMatico
Venezuelan government’s official newspaper has published a decree that allows the authorities to tax operations with cryptocurrency and foreign fiat Go to Source Powered by WPeMatico
The Venezuelan government has published a decree requiring taxpayers with crypto operations in the country to pay their taxes in cryptocurrencies. Similarly, operators of foreign currencies must pay their taxes in those currencies. The decree states that the change is necessary for the “strengthening of the current fiscal regime.” Also read: Indian Supreme Court Moves Crypto Hearing, … Read more
