tax Archives

Japan implements tax reform; eyes Web3 growth

Business

Wahid Pessarlay

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3 September, 2024

Japan implements tax reform; eyes Web3 growth

Japan's Ministry of Economy, Trade and Industry is pushing for a new tax policy for digital asset firms in the...

New Zealand to enforce OECD tax reporting frameworks by 2026

Business

James Field

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2 September, 2024

New Zealand to enforce OECD tax reporting frameworks by 2026

With the new policy, New Zealand-based digital asset service providers must collect information on users' digital asset transactions starting April...

Nigeria’s SEC to issue first VASP license this month: report

Business

Steve Kaaru

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22 August, 2024

Nigeria’s SEC to issue first VASP license this month: report

SEC Chair Emomotimi Agama says that he is committed to “supporting the youth” by regulating a digital asset space whose...

India has no plans to regulate digital asset sales or purchases

Business

James Field

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15 August, 2024

India has no plans to regulate digital asset sales or purchases

While there are no immediate plans to regulate digital asset sales and purchases, India continues to strictly monitor the industry,...

Philippine finance chief urges tax bureau to drive revenue growth through digitalization

Business

Jun Bolivar

-

15 August, 2024

Philippine finance chief urges tax bureau to drive revenue growth through digitalization

The Philippines' finance secretary has underscored the role of the Bureau of Internal Revenue in ensuring the government meets its...

IRS updated digital asset tax form ditches wallet address, transaction ID requirements

Business

James Field

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14 August, 2024

IRS updated digital asset tax form ditches wallet address, transaction ID requirements

Apart from dropping the submission of wallet addresses and transaction IDs, the IRS will no longer require investment time transactions...

Binance protests $86M tax bill for unauthorized operations in India

Business

Steven Stradbrooke

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7 August, 2024

Binance protests $86M tax bill for unauthorized operations in India

India's Directorate General of GST Intelligence unit has issued a show cause notice to Binance demanding a GST payment of...

India’s budget boosts startup, e-commerce ecosystem; silent on digital assets

Finance

Pradipta Mukherjee

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24 July, 2024

India’s budget boosts startup, e-commerce ecosystem; silent on digital assets

India's finance minister abolished the 'angel tax' but remained silent on requests from the digital asset industry to lower taxation...

Philippine SONA 2024: Ferdinand Marcos Jr. says country embraces AI, digitalization

Business

Jun Bolivar

-

23 July, 2024

Philippine SONA 2024: Ferdinand Marcos Jr. says country embraces AI, digitalization

President Ferdinand Marcos Jr. highlighted some initiatives and legislative measures that have paved the way for investments and job creation,...

South Korea’s ruling party wants to postpone 20% digital asset tax to 2028

Finance

Steve Kaaru

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19 July, 2024

South Korea’s ruling party wants to postpone 20% digital asset tax to 2028

Initially scheduled for 2021, the disputed 20% tax on annual digital currency gains could be postponed if the ruling People...

Nigeria demands VASPs have local offices, CEO

Finance

Steve Kaaru

-

9 July, 2024

Nigeria demands VASPs have local offices, CEO

Nigeria’s SEC has given VASPs 30 days to register, and among the requirements is for the CEO or managing director...

Africa can use blockchain, AI to curb illicit finance: Nigeria’s anti-graft chief

Business

Steve Kaaru

-

5 July, 2024

Africa can use blockchain, AI to curb illicit finance: Nigeria’s anti-graft chief

The EFCC chair noted that Africa loses $89 billion annually to illicit finance and that AI, data analytics, and blockchain...

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