FSC Chair Calls for Revamp of US Crypto Tax Plan
Nine US congressmen, spearheaded by the chair of the House Financial Services Committee, have asked the Treasury to reconsider its plans for crypto tax reporting.
Some members of…
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UK Implements Crypto Tax Exemption for Foreigners Using Local Brokers
The restrictions now in force are part of the government's strategy to transform the nation into a cryptocurrency centre.
On Sunday, the United Kingdom will implement a tax exemption for…
What investors need to know about India’s new cryptocurrency tax
What is cryptocurrency?
In simple terms, cryptocurrencies are digital currencies comparable to our other commonly used currencies that are used to purchase goods and services. However,…
Will South Korea postpone a law imposing a tax on cryptocurrency gains?
South Korean authorities have recently made considerable efforts to ensure the cryptocurrency sector is well-regulated. The nation was always in the news, whether it was clamping down on…
In South Africa, penalties will apply to crypto-tax evasion
Consider South Africa. In this case, neglecting to pay taxes on income earned from transactions utilizing cryptos such as Bitcoin (BTC) will result in future jail.
With cryptocurrency…
EY Proposes Blockchain Solution For Withholding Tax procedure.
EY anticipates its innovative blockchain-based withholding tax technology to provide a platform for the tax relief system of the European Commission.
EY (Ernst & Young) is aimed at…
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