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Taxation

Portugal’s parliament rejects proposals to tax digital currencies
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30 May, 2022

Portugal’s parliament rejects proposals to tax digital currencies

The proposals were brought by two left-wing minority parties, Block de Esquerda and Livre—with Livre seeking to tax gains above...
Portugal considers taxing digital currency capital gains
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19 May, 2022

Portugal considers taxing digital currency capital gains

Portuguese Finance Minister Fernando Medina confirmed to Parliament that his ministry is studying how to tax digital currency gains in...
Germany won’t tax digital currency held for 1 year
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15 May, 2022

Germany won’t tax digital currency held for 1 year

Most notably, the new laws stipulate that Germany will not impose a capital gains tax on the sale of BTC...
India to impose 28% tax on digital currency transactions: report
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13 May, 2022

India to impose 28% tax on digital currency transactions: report

India is weighing a 28% Goods and Service Tax (GST) for digital asset transactions, just a month after imposing a...
No taxes before proper regulation: South Korea president pushes back 20% digital currency tax
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7 May, 2022

No taxes before proper regulation: South Korea president pushes back 20% digital currency tax

Newly-elected president Yoon Suk-yeol announced that his government would push back the tax scheduled for 2023 in favor of consumer...
US interstate tax consortium J5 lists NFT marketplace red flags
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5 May, 2022

US interstate tax consortium J5 lists NFT marketplace red flags

In its first guidance on NFTs, J5 listed phishing scams, fake token giveaways, and wash trading as some of the...
China trials tax and charge payments with digital yuan
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3 May, 2022

China trials tax and charge payments with digital yuan

The country is now testing the digital yuan—e-CNY—for use in payments of tax, stamp duty, and social security premiums with...
Can source of funds crash digital currency market? Here’s how
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28 April, 2022

Can source of funds crash digital currency market? Here’s how

Source of funds is a set of rules that order banks and other financial institutions to know where and how...
The Bahamas to allow tax payments in digital assets
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27 April, 2022

The Bahamas to allow tax payments in digital assets

Prime Minister Phillip Davis unveiled a white paper that charts out his plans for the digital asset future of the...
Indonesia to impose 0.1% income tax on digital asset gains starting May
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7 April, 2022

Indonesia to impose 0.1% income tax on digital asset gains starting May

The country’s taxman said that transactions will also be charged a value-added tax of 0.1%, way below the 11% charged...
Bitcoin users to pay 30% digital currency tax in India from April 1
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29 March, 2022

Bitcoin users to pay 30% digital currency tax in India from April 1

The Indian Parliament passed the Finance Bill 2022-2023, which confirmed the 30% tax rate on all virtual digital assets (VDAs)...
Thailand scraps 7% digital asset tax for traders in new relaxed tariff laws
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12 March, 2022

Thailand scraps 7% digital asset tax for traders in new relaxed tariff laws

Thai Finance Ministry announced new tax rules that seek to promote digital currency trading, a month after a public outcry...