tax Archives

South Korea’s ruling party to push digital asset taxes to 2027 in election pledge

Business

Steve Kaaru

-

22 February, 2024

South Korea’s ruling party to push digital asset taxes to 2027 in election pledge

The People Power Party is luring voters with promises to defer the upcoming taxes by another two years to 2027...

Thailand removes VAT on digital currency trading: report

Business

Wahid Pessarlay

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13 February, 2024

Thailand removes VAT on digital currency trading: report

The new tax exemption rules have been effective since January 1, 2024, and will extend to registered dealers and brokers...

India’s interim budget silent on digital asset tax reforms; announces ‘golden era for tech-savvy youth’

Business

Pradipta Mukherjee

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1 February, 2024

India’s interim budget silent on digital asset tax reforms; announces ‘golden era for tech-savvy youth’

Nirmala Sitharaman remained silent on requests to lower taxes as she presented the Budget 2024-25 on February 1, while India's...

India’s Web3 industry hopes for ‘level playing field,’ regulations, blockchain funds from Union Budget

Business

Pradipta Mukherjee

-

11 January, 2024

India’s Web3 industry hopes for ‘level playing field,’ regulations, blockchain funds from Union Budget

India's budget will be presented on February 1, and the Web3 industry hopes for better regulations for virtual digital assets...

IRS mandates increased personal information for digital asset transactions under new rules

Business

James Field

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4 January, 2024

IRS mandates increased personal information for digital asset transactions under new rules

Many brokers are expected to have difficulty complying with the IRS' new tax rules, which took effect on January 1,...

From ban to regulations, India’s digital asset-blockchain story has come a long way

Business

Pradipta Mukherjee

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29 December, 2023

From ban to regulations, India’s digital asset-blockchain story has come a long way

With the growing popularity of digital asset trading, India marked the year 2023 with various regulations geared toward safeguarding the...

Brazil targets $4B in taxes from digital assets stored overseas

Business

Steve Kaaru

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19 December, 2023

Brazil targets $4B in taxes from digital assets stored overseas

A new bill signed into law by President Luiz Inácio Lula da Silva will require income from assets held by...

Kenyan lawmakers back digital asset taxation bill

Business

Steve Kaaru

-

11 December, 2023

Kenyan lawmakers back digital asset taxation bill

The bill which received the backing of the finance committee in the Kenyan parliament categorizes digital assets as securities and...

Turkey weighs digital asset regulations to curb ‘system abuse’: report

Business

Steve Kaaru

-

28 November, 2023

Turkey weighs digital asset regulations to curb ‘system abuse’: report

As one of the world’s largest digital asset hubs, Turkey is focused on licensing and taxing digital asset operations to...

Australia imposes capital gains tax on DeFi, wrapped tokens

Business

Steve Kaaru

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20 November, 2023

Australia imposes capital gains tax on DeFi, wrapped tokens

Australia has updated its tax guidance to include any interaction with decentralized lending platforms, liquidity pools and providers, and wrapped...

South Africa joins 47 countries to implement new digital asset taxation standards

Business

Steve Kaaru

-

13 November, 2023

South Africa joins 47 countries to implement new digital asset taxation standards

South Africa will implement the Crypto-Asset Reporting Framework standard by the OECD, which calls for automatic exchange of tax-relevant information...

IRS extends feedback deadline for new digital asset tax rules to mid-November

Business

James Field

-

30 October, 2023

IRS extends feedback deadline for new digital asset tax rules to mid-November

Feedback on the proposed digital asset tax reporting rules has been extended until November 13, according to the IRS, which...

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