taxes | ForkLog

ForkLog 21 01.02.2022

India announces 30% tax on income from cryptocurrency transactions

India will impose a 30% tax on income from digital asset transactions ahead of the launch of the digital rupee. The initiative was presented by Finance Minister Nirmala Sitharaman during the budget presentation.

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ForkLog 26 28.01.2022

Bank of Russia says declaring cryptocurrency holdings would be mandatory even if a ban is imposed

If the Bank of Russia's proposals for a complete ban on cryptocurrency operations in the country are approved, citizens will still have to declare their investments in this asset class for sale.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 9 27.01.2022

CoinTracker raises $100 million in Series A led by Accel and other investors

CoinTracker, a platform for managing cryptocurrency investments and generating tax reporting, raised $100 million in a Series A round led by Accel.

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ForkLog 20 21.01.2022

Thailand urged a measured approach to cryptocurrency taxation

Thai authorities should exercise due caution before imposing any taxes on cryptocurrency transactions, said Watanya Wongopasi, a representative of the Democratic Party.

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ForkLog 20 17.01.2022

NFT Investors Draw IRS Attention

A market for NFT valued at about $44 billion by Chainalysis has attracted the attention of the U.S. Internal Revenue Service (IRS). Officials aim to identify among those connected with these assets anyone evading obligations, Bloomberg reports.

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ForkLog 17 03.01.2022

India accuses Binance-owned WazirX of tax evasion

Indian authorities have identified a violation of tax law by the cryptocurrency exchange WazirX, owned by Binance. This is stated in a press release.

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ForkLog 11 29.12.2021

Near Rostov, customs officers discovered 10 undeclared Bitcoin miners

Inspectors at the Matveyev Kurgan border post did not allow undeclared cryptocurrency-mining devices to cross the border.

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ForkLog 15 16.12.2021

US Senators urge Treasury to clarify the status of crypto brokers

As US senators urged Treasury Secretary Janet Yellen by the end of 2021 to provide informal guidance or information regarding the reporting requirements for crypto industry 'brokers' after the infrastructure plan was enacted.

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ForkLog 15 03.12.2021

South Korea delays tax on Bitcoin traders

The National Assembly of South Korea passed an amendment to the legislation that would introduce cryptocurrency taxation from 1 January 2023. CoinDesk reports.

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ForkLog 9 29.11.2021

UK to apply 2% digital services tax to bitcoin exchanges

The United Kingdom's HM Revenue & Customs (HMRC) has required licensed cryptocurrency exchanges to pay the digital services tax at 2%. Platform users may face higher fees, CryptoUK, the self-regulatory body, warned The Telegraph reports.

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ForkLog 22 24.11.2021

South Korea Hints at NFT Tax

South Korea's financial regulator signaled possible taxation of NFT transactions, sending a mixed signal to the market, The Korea Herald reports.

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ForkLog 22 22.11.2021

Russia to Introduce Liability for Illicit Circulation of Digital Assets

The Bank of Russia proposes to introduce liability for illicit circulation of digital financial assets (DFA) and to establish a framework for taxing operations with them.

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