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tax

Florida’s Matt Gaetz introduces bill to allow payment of income tax by Bitcoin
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28 June, 2024

Florida’s Matt Gaetz introduces bill to allow payment of income tax by Bitcoin

The bill seeks to allow the payment of certain federal income taxes with Bitcoin and require the U.S. Secretary of...
Turkey eyes 0.03% tax on digital asset transactions: report
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24 June, 2024

Turkey eyes 0.03% tax on digital asset transactions: report

The new tax is part of a larger proposal by the Erdogan government to raise $7 billion to plug a...
Nigeria demanded $150M bribe from Binance: report
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17 May, 2024

Nigeria demanded $150M bribe from Binance: report

The New York Times reported on the alleged bribe, with Binance CEO Richard Teng finally breaking his silence last week...
Bill aims to provide tax clarity on staking digital currencies
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7 May, 2024

Bill aims to provide tax clarity on staking digital currencies

Rep. Drew Ferguson (R-GA) says the U.S.’ approach to digital asset rewards is overly complex, leading to confusion, double taxation,...
Canada to enforce new ‘crypto’ tax guidelines by 2026
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25 April, 2024

Canada to enforce new ‘crypto’ tax guidelines by 2026

Canada has pledged to enforce the Crypto-Asset Reporting Framework (CARF), which aligns with OECD standards, one year before they take...
IRS bares new digital asset reporting form for US taxpayers
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23 April, 2024

IRS bares new digital asset reporting form for US taxpayers

Under the IRS' latest tax rule, anyone considered a digital asset broker must prepare Form 1099-DA for customers who sell...
IRS warns ‘crypto’ fans to include digital asset income on tax return … or else
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16 April, 2024

IRS warns ‘crypto’ fans to include digital asset income on tax return … or else

Partnering with Chainalysis, the IRS insisted on the need for digital asset sales to be reported on businesses' tax returns,...
Thailand issues tax exemption for investment tokens
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18 March, 2024

Thailand issues tax exemption for investment tokens

Thailand’s Cabinet will allow investors who have had their 15% capital gains tax deducted to exclude their investment token profits...
Israel proposes for digital shekel to bear interest
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15 March, 2024

Israel proposes for digital shekel to bear interest

The Bank of Israel published a CBDC paper, which outlines a system in which CBDC wallets aren’t linked to banks...
Indonesia’s watchdog considers double taxation changes for digital currencies: report
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7 March, 2024

Indonesia’s watchdog considers double taxation changes for digital currencies: report

Indonesia's Bappebti has requested that the country's Ministry of Finance evaluate the current tax regime for digital currencies to reflect...
IRS taps 2 former digital asset execs to ramp up ‘crypto’ tax expertise
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5 March, 2024

IRS taps 2 former digital asset execs to ramp up ‘crypto’ tax expertise

The IRS has hired Sulolit “Raj” Mukherjee, formerly with Coinbase and Binance.US, where he led tax compliance efforts, and ex-TaxBit...
Digitalization to play important role in Philippines’ new tax law
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27 February, 2024

Digitalization to play important role in Philippines’ new tax law

While Philippine Senator Sherwin Gatchalian agreed to the need to utilize blockchain tech cautiously, tax advisor Mon Abrea emphasized the...