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tax

South Africa cracks down on digital currency tax evaders
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9 February, 2021

South Africa cracks down on digital currency tax evaders

The tax agency’s audit request is the first requiring South Africans to disclose their digital currency activities, according to local...
US Library of Congress reports on digital currency staking tax
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8 February, 2021

US Library of Congress reports on digital currency staking tax

The law division of the U.S. Library of Congress’s report highlights the discrepancies in the tax treatment of digital currency...
South Korea digital currency tax on track for 2022
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12 January, 2021

South Korea digital currency tax on track for 2022

Qualifying transactions will be subject to a tax rate of 20%, according to the Ministry of Economy and Finance, which...
Kenya Finance Act takes effect, charging 1.5% tax on digital currencies
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11 January, 2021

Kenya Finance Act takes effect, charging 1.5% tax on digital currencies

The law charges a digital services tax on all digital marketplaces and services, as the government seeks to raise $46...
Craig Wright demystifies Bitcoin and tax
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7 January, 2021

Craig Wright demystifies Bitcoin and tax

In his recent blog post, Dr. Craig Wright delves into how Bitcoin’s immutable ledger allows for authorities to link transactions...
IRS to crack down on digital currency tax evaders in 2021: former chief
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7 January, 2021

IRS to crack down on digital currency tax evaders in 2021: former chief

In a recent op-ed, former head of the IRS Criminal Investigation Division Dan Fort warned the tax agency will shift...
IRS clarifies digital currency tax form instructions
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5 January, 2021

IRS clarifies digital currency tax form instructions

The IRS has released revised draft instructions that clarify the approach digital currency owners should take when it comes to

India proposes 18% tax on digital currency trading
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31 December, 2020

India proposes 18% tax on digital currency trading

The central government believes that the industry could provide up to $1 billion worth of taxes once the taxes are...
Israeli tax agency sending letters to digital currency owners
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31 December, 2020

Israeli tax agency sending letters to digital currency owners

The Tax Authority has been reportedly sending inquiries to local and global exchanges, pressuring them to divulge information about Israeli...
Digital currency evolves in the eyes of IRS
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17 December, 2020

Digital currency evolves in the eyes of IRS

The days of digital currency being used in unmarked trades that result in profit or loss are over–and that’s not...
Putin signs order requiring Russia officials to report digital currency holdings
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16 December, 2020

Putin signs order requiring Russia officials to report digital currency holdings

Public officials in Russia must include digital currencies owned by their spouses and children, and must report by June 30,...
India wants to tax digital currency earnings: report
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9 December, 2020

India wants to tax digital currency earnings: report

The government’s tax agency is reportedly monitoring the industry, seeking to impose as much as 30% tax on digital currency...