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Category: vat
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Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining
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Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains
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Spanish Tax Authority Issues 14,800 Warning Letters to Cryptocurrency Holders
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Spain’s Tax Authority Sending Notices to 66,000 Cryptocurrency Owners
The Spanish tax authority has reportedly started sending notices to about 66,000 cryptocurrency owners in the country. This number represents a massive increase from the 14,700 tax letters the agency sent to crypto owners last year. The letters will continue to be sent until the end of June despite the coronavirus crisis Spain is facing. […]
The post Spain’s Tax Authority Sending Notices to 66,000 Cryptocurrency Owners appeared first on Bitcoin News.
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Poles Hit With Backdated Tax on Crypto Trades
Crypto traders in Poland have been unpleasantly surprised with a controversial tax they thought they wouldn’t have to pay. The Civil Law Transactions Tax (PCC) is applicable to digital asset trades conducted before the introduction of last year’s moratorium on its collection, the Polish tax administration recently clarified. The matter has been discussed on European […]
The post Poles Hit With Backdated Tax on Crypto Trades appeared first on Bitcoin News.
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Why Portugal’s Tax-Free Crypto Trading Matters for Bitcoin
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 […]
The post Why Portugal’s Tax-Free Crypto Trading Matters for Bitcoin appeared first on Bitcoin News.
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Crypto Taxation Around the Globe — What Do Regulations Look Like?
Different countries use individual taxation schemes to govern their respective crypto industries. Let’s take a look at some of them…
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Republic of Georgia Exempts Cryptocurrencies From Value-Added Tax
Cryptocurrencies are now exempt from value-added tax in the Republic of Georgia
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Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status
Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation to free crypto-fiat transactions from […]
The post Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status appeared first on Bitcoin News.
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