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tax

‘Crypto Valley’ Zug to start accepting digital currency for tax payments
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4 September, 2020

‘Crypto Valley’ Zug to start accepting digital currency for tax payments

Payments made in digital currency will have a CHF100,00 ceiling, and both companies and private individuals are allowed to pay...
IRS sends new batch of ‘crypto letters’ to taxpayers
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28 August, 2020

IRS sends new batch of ‘crypto letters’ to taxpayers

There are three types of letters, each indicative of the degree to which the IRS thinks individuals are underreporting digital...
Over 1,000 customer data missing in CryptoTrader.Tax breach
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28 August, 2020

Over 1,000 customer data missing in CryptoTrader.Tax breach

The digital currency tax reporting service suffered a breach, resulting in 13,000 rows of data and 1,082 customer email addresses...
Venezuela to accept taxes in Petro
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13 August, 2020

Venezuela to accept taxes in Petro

The National Tax Harmonization Agreement will implement an information exchange and monitoring system for companies that will allow them to...
Kazakhstan proposes 15% tax on block reward mining
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10 August, 2020

Kazakhstan proposes 15% tax on block reward mining

With the coronavirus pandemic weighing heavily on the government’s hand, the tax will assist Kazakhstan in its recovery efforts.
Lawmakers urge ‘proactive policy’ for taxing digital currency staking rewards
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7 August, 2020

Lawmakers urge ‘proactive policy’ for taxing digital currency staking rewards

In a letter to the IRS, the lawmakers explain how taxing staking rewards as income could lead to excessive tax...
South Korea police want to know: Who leaked digital currency tax bill?
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28 July, 2020

South Korea police want to know: Who leaked digital currency tax bill?

Authorities are looking into the source of a leak that exposed South Korea government’s digital currency taxation plan.
Digital currency to be ‘taxable property’ in Russia
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25 July, 2020

Digital currency to be ‘taxable property’ in Russia

The latest amendments mean it will no longer be an offence punishable by prison to facilitate digital currency trades in...
South Korea proposal for 20% digital currency gains tax gains traction
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25 July, 2020

South Korea proposal for 20% digital currency gains tax gains traction

The proposal will be voted on September 3, 2020, and is expected to take effect on October 1, 2021—if passed.
Coinbase former customer sues IRS for records seizure
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17 July, 2020

Coinbase former customer sues IRS for records seizure

Researcher Jim Harper received a letter stating the IRS “had reason to believe” he had not paid full tax on...
Switzerland won’t amend tax laws for blockchain
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1 July, 2020

Switzerland won’t amend tax laws for blockchain

Blockchain and digital currencies are “fully compatible” with existing legal frameworks, according to the Swiss Department of Finance.
Ernst & Young tax tool targets traders filing digital currency forms
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24 June, 2020

Ernst & Young tax tool targets traders filing digital currency forms

CryptoPrep collects information on a user’s trades made on and off major exchanges and compiles it into a downloadable 8949...