tax Archives

India snubs plea to reduce tax burden in Union Budget 2023

-

4 February, 2023

India snubs plea to reduce tax burden in Union Budget 2023

Existing laws on digital assets remain, including the 1% TDS, following the Union Budget, but key industry players remain hopeful...

Rounding up the important digital currency stories from the US this week

Business

Gavin Lucas

-

31 January, 2023

Rounding up the important digital currency stories from the US this week

Regulating the sector remains on the cards for the United States, as seen in the recent developments in the space,...

India’s TDS rule under fire as critics call for immediate reduction

Business

Wahid Pessarlay

-

29 January, 2023

India’s TDS rule under fire as critics call for immediate reduction

The report claims that the existing 1% TDS rate is pushing numerous industry service firms out of the country, adding...

Arizona seeks to exempt crypto from property taxation

Business

Wahid Pessarlay

-

27 January, 2023

Arizona seeks to exempt crypto from property taxation

If the bill sails through the legislative hurdles, Arizona residents could cast their votes for or against the application of...

India virtual currency industry calls for tax relief ahead of 2023 Union Budget

Business

Wahid Pessarlay

-

22 January, 2023

India virtual currency industry calls for tax relief ahead of 2023 Union Budget

Stakeholders argue that reducing TDS from 1% to 0.01% would provide competitive prices to India's virtual currency users and safeguard...

India’s CoinSwitch adds non-digital currency products amid stern tax policies

Business

Wahid Pessarlay

-

15 January, 2023

India’s CoinSwitch adds non-digital currency products amid stern tax policies

The new products that will be offered by CoinSwitch include mutual funds, stocks, U.S. equities, exchange-traded funds (ETFs), and fixed...

Argentina’s proposed law urges citizens to declare digital asset holdings

Business

Wahid Pessarlay

-

14 January, 2023

Argentina’s proposed law urges citizens to declare digital asset holdings

With the new bill, individuals who choose to disclose their holdings within three months of the law's passage will be...

South Korea: Bithumb under probe yet again over tax evasion

Business

Wahid Pessarlay

-

14 January, 2023

South Korea: Bithumb under probe yet again over tax evasion

The South Korean National Tax Service believes that Bithumb may have been engaged in tax evasion, an offense punishable by...

UK’s new tax break on digital assets seeks to attract foreign investors

Business

Steve Kaaru

-

4 January, 2023

UK’s new tax break on digital assets seeks to attract foreign investors

The Rishi Sunak government will implement a tax exemption for foreign investors who purchase digital assets through local investment brokers...

IRS delays implementation of reporting $600 threshold to ease taxpayers’ transition

Business

Wahid Pessarlay

-

29 December, 2022

IRS delays implementation of reporting $600 threshold to ease taxpayers’ transition

Following an in-depth consultation, the IRS said it is pushing back the implementation of a new reporting threshold to the...

UK lists ‘cryptoassets’ under Investment Manager Exemption signaling ripple effect for funds

Business

Wahid Pessarlay

-

27 December, 2022

UK lists ‘cryptoassets’ under Investment Manager Exemption signaling ripple effect for funds

'Designated cryptoassets' in the United Kingdom are now qualified for Investment Manager Exemption, allowing foreign investors to evade strict tax...

Kazakhstan’s miners face stiffer regulations following new bill

Tech

Wahid Pessarlay

-

26 December, 2022

Kazakhstan’s miners face stiffer regulations following new bill

The incoming legislation will require miners to buy electricity from the state-owned KOREM, which miners believe could impose unnecessary bureaucracies.

tax

Recent

Trending

Most Views