taxes | ForkLog

ForkLog 17 26.08.2022

Japan to consider tax relief for crypto startups

The FSA and the Ministry of Economy, Trade and Industry of Japan are considering a proposal for the 2023 tax reform. Among the options is a tax exemption for crypto startups issuing their own tokens from taxes on unrealised gains.

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ForkLog 38 22.08.2022

South Korea to tax staking and airdrops

Tokens received by residents of South Korea as a result of hard forks and airdrops, as well as staking rewards, will be included in the inheritance and gift tax calculation. The Ministry of Strategy and Finance said this, according to local media.

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ForkLog 14 26.07.2022

US Senate Proposes Exemption for Crypto Transactions Up to $50 From Capital Gains Tax

The bill would exempt crypto transactions up to $50 in value from capital gains tax.

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ForkLog 18 21.07.2022

South Korea delays tax on bitcoin traders

The government of South Korea announced a two-year postponement of the implementation of digital asset taxation, according to Digital Today.

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ForkLog 26 11.07.2022

Kazakhstan’s president signs law setting mining tax rates

The president of Kazakhstan, Kassym-Jomart Tokayev, signed a law providing for differentiated tax rates on mining.

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ForkLog 24 05.07.2022

UK to examine taxation of crypto lending and DeFi staking

The UK authorities have invited the public to discuss the possibility of taxing staking and crypto lending within the context of decentralised finance.

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ForkLog 48 04.07.2022

Journalists Uncover Link Between 3AC and Offshore Trading Desk

The bankruptcy-stage hedge fund 3AC continues active trading through its lesser-known Tai Ping Shan Capital service.

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ForkLog 17 04.07.2022

Trading volumes on India’s crypto exchanges fell after a tighter tax regime for traders

On July 1, trading volumes on India's leading bitcoin exchanges fell sharply, according to Nomics. The reason was the introduction of a 30% tax on profits from cryptocurrency transactions and a 1% levy under the TDS.

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ForkLog 54 27.06.2022

Albania to tax cryptocurrency income

Albanian authorities intend to introduce taxation on income from cryptocurrency investments from 2023.

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ForkLog 14 13.06.2022

Coin Center sues U.S. Treasury and IRS

Coin Center filed a lawsuit against the U.S. Treasury and the Internal Revenue Service over an unconstitutional tax-reporting requirement for cryptocurrency holders.

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ForkLog 11 06.06.2022

Gold Coast mayor hints at accepting cryptocurrency for tax payments

The mayor of Gold Coast (Australia), Tom Tate, did not rule out that residents could pay taxes in digital assets in the future. This was reported by ABC News.

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ForkLog 10 27.05.2022

Thailand extends VAT exemption for cryptocurrency transfers through the end of 2023

The Thai government has exempted transfers of digital assets involving licensed cryptocurrency exchanges from value-added tax. The rule will be in effect through the end of 2023, according to the Bangkok Post.

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