taxes | ForkLog

ForkLog 14 16.02.2021

Budget Committee approves cryptocurrency tax bill in Russia

The State Duma Budget and Taxes Committee recommended that the lower house approve in the first reading the government bill on taxing cryptocurrency transactions.

AI translated

ForkLog 14 15.02.2021

Seventeen devices illegally mined Bitcoin at Tajikistan kindergarten

Four Tajikistan residents have been detained for illegal connection to power grids to mine Bitcoin and for tax evasion. According to the local desk, the media has been recognised as a foreign agent by the Russian authorities (Radio Liberty). The operations took place last year, but they became known only now.

AI translated

ForkLog 35 12.02.2021

Russian cryptocurrency taxation criticised over terminology

The presidential council on codification and improvement of civil legislation did not back the government bill on taxing cryptocurrency transactions. The council's press service said.

AI translated

ForkLog 7 10.02.2021

Russia to study the possibility of introducing a digital tax

The Russian Ministry of Finance wants to tax foreign companies earning profits from digital services provided on the territory of the country. This was stated by Deputy Minister Alexei Sazanov in an interview with the auditing firm KPMG.

AI translated

ForkLog 10 09.02.2021

Ukrainian citizen tried to smuggle undeclared mining equipment through customs

Customs officers at the Matveyev Kurgan MAPP border crossing detected undeclared cryptocurrency-mining equipment in a Ukrainian citizen's hand luggage, according to the Southern Customs Administration's site.

AI translated

ForkLog 13 03.02.2021

South Africa’s tax authority begins audits of cryptocurrency investors

The South African Revenue Service (SARS) has begun sending taxpayers audit requests demanding additional information about digital asset trades, according to Businesstech.

AI translated

ForkLog 24 20.01.2021

Tax amendments for cryptocurrency holders in Russia to be revised over arbitrary penalties

The bill's text on taxation of cryptocurrency operations does not clarify which tax will apply to digital assets, and the proposed penalties are unfounded, according to the State Duma's Legal Department.

AI translated

ForkLog 25 20.01.2021

Media: Ukrainian MPs hold more than $200 million in cryptocurrency

Ukrainian MPs hold cryptocurrency worth about 5.7 billion hryvnias (over $200 million at the time of writing), according to BusinessCensor.

AI translated

ForkLog 10 12.01.2021

Kentucky lawmakers propose tax exemptions for bitcoin miners

Representatives of the Kentucky House of Representatives introduced a bill offering tax breaks for bitcoin miners. It is designed to boost the state's appeal for commercial cryptocurrency mining.

AI translated

ForkLog 23 28.12.2020

In Israel, cryptocurrency holders ordered to disclose assets

The Israeli Tax Authority (ITA) has demanded that cryptocurrency holders fully disclose their assets and the profits they have earned, Globes reports.

AI translated

ForkLog 21 22.12.2020

Germany to effectively ban trading of crypto derivatives

A new tax regulation in Germany sets a €10,000 limit on losses from cryptocurrency derivative trades. Residents will be able to offset their personal income tax base by up to that amount, BitcoinExchangeGuide reported, citing local media.

AI translated

ForkLog 22 11.12.2020

Putin signs decree requiring officials to declare cryptocurrency holdings

On 10 December, the Russian president Vladimir Putin signed a decree obliging officials and applicants for relevant posts to disclose information about their digital financial assets.

AI translated

#taxes