Search Results for "tax"
Crypto Tax Accounting Firm TaxBit Receives Strategic Investment from Haun Ventures
TaxBit plans to use the new investments to boost its tax and accounting infrastructure.
Portsmouth City Now Opens to Pay Taxes in Crypto
England’s Portsmouth has announced that its residents can now pay their taxes and other fees in Bitcoin and other cryptocurrencies supported on the Paypal app.
White House Expects to Raise over $10b in Revenue under New Crypto Tax Rules
The White House would bring in significantly more revenue over the next decade if the Biden Administration’s budget plan approved to ramp up the national budget.
India's Crackdown on Crypto Exchanges: Binance, Kraken, Mexc, and Kucoin Delisted from App Store
India's FIU removes apps of major crypto exchanges, including Binance and Kraken, from the App Store, enforcing compliance with anti-money laundering laws amid new crypto tax policies.
Indonesia Rakes in Approximately $6.8m Monthly from Fintech & Crypto Transaction Taxes
Since the rollout of fintech and crypto transaction taxes in May, Indonesia has amassed nearly $6.8 million, according to the nation’s tax official.
Virginia Proposes Regulatory Framework for Digital Asset Mining and Transactions
Virginia Senate Bill No. 339, introduced by Senator Salim, aims to regulate digital asset mining and transactions, exempting businesses from certain licenses and providing tax benefits for digital asset exchanges.
Thailand Waives Taxes on Investment Tokens
Thailand's cabinet has agreed to waive corporate income tax and VAT for companies issuing investment tokens, encouraging alternative capital raising in addition to conventional methods. The government hopes to generate 128 billion Thai baht from investment token offerings over the next two years.
South Korea to Delay 20% Capital Gains Tax on Digital Asset Investments until Jan 2025
Before levying income taxes on virtual assets, South Korean lawmakers have called for the government to prepare for effective implementation of new rules.
Crypto Traders Exodus from Indian Exchanges due to High Tax Rate
With Binance app downloads skyrocketing to 429K in August, traders are leaving Indian crypto exchanges based on a fallout triggered by a significant tax change.
Colorado Becomes First US State to Accept Crypto as Tax Payments
Colorado has set the ball rolling as the first U.S. state to offer residents the option of paying taxes in cryptocurrencies.
Argentina's Mendoza Province Begins Accepting Tax Payments in Crypto
Argentina’s province of Mendoza announced last week on Friday that it has enabled a system that allows residents to pay taxes using cryptocurrencies.
Spanish Tax Agency Cracks Down on Crypto Holders
The Spanish Tax Administration Agency (AEAT) is increasing its efforts to collect taxes on crypto assets, with plans to send out 328,000 warning notices to those who should pay their taxes for the 2022 fiscal year. The AEAT has only recently begun to take the matter seriously, with a 40% increase in the number of notices sent from the previous year.