Taxes

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Thailand Becomes the Latest Country to Tax Cryptocurrencies

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It is evident the cryptocurrency industry has sparked many debates regarding the future of money. Thailand has always been an interesting country when it comes to regulating this new form of money, as there seems to be no streamlined approach. That is coming to change, as the nation’s military regime wants to begin taxing cryptocurrencies in the near … Read more

Russians Owe 13% Tax on Their Crypto Incomes

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Russian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. … Read more

Thailand Approves Draft Decree on Crypto

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The Thai cabinet has approved a draft decree to regulate cryptocurrencies and initial coin offerings. The definition of digital assets has been modified from the previous draft but the tax structure remains. All crypto businesses must obtain licenses and report information to the anti-money laundering office. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With … Read more

Tax and Cryptocurrencies: 4 Facts You Should Be Aware Of

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Cryptocurrencies have been around for a while now, and they’re increasingly becoming of interest to tax liability regulators. But many of us are not clear as to how tax regulations are going to work. In this article, we are going to cover four facts that you must know. Most people simply don’t think they need to pay taxes while using digital currencies, … Read more

Australian Tax Agency Seeks Public Input Concerning Cryptocurrency Taxes

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The Australian Taxation Office (ATO) has been researching how to formulate regulatory guidelines for taxing cryptocurrencies recently. This week the ATO is seeking input from Australian residents concerning how the country should tax digital assets. Also read: South Korean Exchange Paying Users to Report Illegal Crypto Schemes The Australian Taxation Office is Looking for Public Opinion Concerning … Read more

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