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tax

South Korea approves digital currency tax delay
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1 December, 2020

South Korea approves digital currency tax delay

What was originally rumored, has officially been approved. On November 30th, the South Korean Strategy and Finance Committee approved an

OECD to introduce digital currency tax standards in 2021
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1 December, 2020

OECD to introduce digital currency tax standards in 2021

The Organization for Economic Cooperation and Development is reportedly eyeing an international digital currency standards by 2021.
Coinbase cancels margin trading, updates tax form
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26 November, 2020

Coinbase cancels margin trading, updates tax form

Coinbase has disabled its margin trading service, and is also switching out the tax form they send to their users...
South Korea to delay digital currency tax law until January 2022
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26 November, 2020

South Korea to delay digital currency tax law until January 2022

Digital currency holders in South Korea have been granted an extra three months before a new taxation rule is implemented.
IRS wrongfully sending digital currency tax warnings
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24 November, 2020

IRS wrongfully sending digital currency tax warnings

The IRS has wrongfully sent digital currency traders notices that claim the traders under-reported their earnings from digital currency trading.

IRS weighing trade-offs as it drafts digital currency tax rules
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24 November, 2020

IRS weighing trade-offs as it drafts digital currency tax rules

The Internal Revenue Service has been considering different approaches to digital currency taxation, a federal official has revealed.
New bill raises taxation threshold for Russia digital currency owners
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17 November, 2020

New bill raises taxation threshold for Russia digital currency owners

Russian digital currency owners will be required to disclose their holdings if their annual transactions exceed 600,000 rubles.
IRS clarifies who needs to disclose digital currency activity
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29 October, 2020

IRS clarifies who needs to disclose digital currency activity

The U.S. Internal Revenue Service has offered clarification on the rules around declaring digital currency activity in new guidance.
Spain wants to require taxpayers to declare digital currency holdings
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15 October, 2020

Spain wants to require taxpayers to declare digital currency holdings

A bill is in the works that would require Spanish taxpayers to submit information to the authorities concerning their dealings...
OECD announces plan for new digital currency tax reporting framework
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14 October, 2020

OECD announces plan for new digital currency tax reporting framework

The new framework would help increase transparency in digital currency trading and ensure gains were appropriately reported to the authorities...
New Zealand taxman wants info on digital currency owners
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1 October, 2020

New Zealand taxman wants info on digital currency owners

Firms are requested to turn over their customers’ personal details and the type and value of their digital currency holdings...
Israel bill wants to remove capital gains for digital currency owners
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28 September, 2020

Israel bill wants to remove capital gains for digital currency owners

Under the existing Israeli laws, digital currencies are considered assets and therefore, their sale or conversion attracts a 25% capital...