Taxation Archives

Spain to send more than 300,000 tax notices to digital asset holders

Business

Steve Kaaru

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14 April, 2023

Spain to send more than 300,000 tax notices to digital asset holders

Spain’s taxman has increased the notices by 40% from last year’s tally as it ramps up its Bitcoin tax scrutiny,...

ASIC-maker Bitmain fined $3.6 million in China over tax violations

Tech

Steve Kaaru

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13 April, 2023

ASIC-maker Bitmain fined $3.6 million in China over tax violations

Bitmain must pay $3.6 million for allegedly failing to pay personal income taxes worth $2.4 million despite notices from the...

Bitcoin profits are taxable, Denmark Supreme Court rules

Business

James Field

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3 April, 2023

Bitcoin profits are taxable, Denmark Supreme Court rules

Two rulings by the Supreme Court of Denmark have come to the same conclusion: that the profits of bitcoin sales...

IRS issues new tax guidance on NFTs: ‘Collectibles’ are taxable

Business

Jordan Atkins

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23 March, 2023

IRS issues new tax guidance on NFTs: ‘Collectibles’ are taxable

Under the proposed guidance, NFTs are covered by the tax law if they have been identified as a "collectible," which...

UK adds digital asset tab in tax declaration forms

Business

Steve Kaaru

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20 March, 2023

UK adds digital asset tab in tax declaration forms

Chancellor of the Exchequer Jeremy Hunt revealed while reading the budget that digital assets will now be identified separately in...

Thailand to waive up to $1B in taxes for investment tokens: report

Business

Steve Kaaru

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11 March, 2023

Thailand to waive up to $1B in taxes for investment tokens: report

Thailand has become a digital asset hub, and in order to promote this growth, the government will waive VAT and...

Rationalized India tax regime to bring down TDS—Digital currency experts hopeful for Union Budget 2023

Business

Anjali Kochhar

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7 February, 2023

Rationalized India tax regime to bring down TDS—Digital currency experts hopeful for Union Budget 2023

India’s Finance Minister presented the Union Budget for 2023-24, but the question is will the government change its existing taxation...

Italian parliament approves 26% gains tax on digital assets

Business

James Field

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4 January, 2023

Italian parliament approves 26% gains tax on digital assets

Italy has found a way to cope with existing crises plaguing the country—by enacting a 26% capital gain on digital...

India tax regulator seeks info from digital asset exchanges as it considers imposing GST: report

Business

Wahid Pessarlay

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5 November, 2022

India tax regulator seeks info from digital asset exchanges as it considers imposing GST: report

Other information sought by the CBIC includes the transaction fees charged by exchanges and details of other services rendered, like...

Brazil’s Rio de Janeiro to allow digital asset tax payments

Business

Steve Kaaru

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19 October, 2022

Brazil’s Rio de Janeiro to allow digital asset tax payments

Rio de Janeiro Mayor Eduardo Paes announced the initiative in March, saying it was the city’s attempt to attract the...

EU seeks to simplify digital asset tax rules and streamline collection

Business

Jon Southurst

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6 October, 2022

EU seeks to simplify digital asset tax rules and streamline collection

The European resolution calls for a "clear and broadly accepted definition of crypto assets and for a coherent definition of...

IRS hunts digital currency tax cheats with M.Y. Safra bank summons

Business

Gavin Lucas

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26 September, 2022

IRS hunts digital currency tax cheats with M.Y. Safra bank summons

The summons, often referred to as a "John Doe" summons, seeks information on customers of SFOX who may not have...

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