taxes | ForkLog

ForkLog 11 05.10.2020

ICE to track internal Bitcoin transactions

Immigration and Customs Enforcement (ICE) plans to automate oversight of domestic financial operations, including Bitcoin transactions. The software should serve as a complement to the existing open-source solution.

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ForkLog 27 02.10.2020

Coinbase UK to hand over customer data to HMRC for UK residents who received more than £5,000 in crypto

The Coinbase UK cryptocurrency exchange will disclose to HMRC information about residents who received more than £5,000 in cryptocurrencies. Corresponding notices were sent to platform clients.

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ForkLog 102 01.10.2020

IRS to task Chainalysis with tracking Monero transactions

The IRS identified the winners of the contest to develop tools for tracing Monero (XMR) transactions, circumventing anonymity technologies. The winners were Chainalysis and Integra FEC.

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ForkLog 13 28.09.2020

EY launches tool to analyse Bitcoin’s blockchain data

Ernst & Young (EY), a Big Four auditing firm, has added a new product for researching blockchain data. The development is part of the EY Blockchain Analyzer package, according to a press release.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 10 25.09.2020

Israel’s parliament to vote on easing cryptocurrency taxation

Four members of the Israeli Knesset have proposed considering new amendments to the country's Tax Code. They propose dropping Bitcoin and other cryptocurrencies from capital gains taxation, according to Globes.

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ForkLog 23 24.09.2020

Russian Finance Ministry proposes criminal liability for failure to declare cryptocurrencies

The Russian Finance Ministry has sent to agencies an updated package of documents regulating cryptocurrencies. The documents discuss new penalties for crypto-asset holders, according to Kommersant, citing the documents.

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ForkLog 15 11.09.2020

Russian business proposes a special tax regime for crypto-asset transactions

The Russian Union of Industrialists and Entrepreneurs (RSPP) has recommended to the Ministry of Finance and the Federal Tax Service to introduce a special tax regime for operations with digital financial assets (DFA). RBC reports.

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ForkLog 24 03.09.2020

Swiss canton of Zug allows paying taxes with Bitcoin and Ethereum

From February 2021, the Swiss canton of Zug will begin accepting taxes in Bitcoin and Ethereum. Bloomberg reports.

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ForkLog 15 24.08.2020

US residents to report cryptocurrency investments on the first page of the tax return

US citizens who have engaged in any transactions with Bitcoin and other cryptocurrencies will report them immediately after filling out the identification details on the first page of the Internal Revenue Service (IRS) Form 1040. This follows from the 2020 draft.

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ForkLog 13 05.08.2020

Kyrgyz authorities unveil reporting form for mining taxation

The Kyrgyz Ministry of Economy has prepared a draft decree that will formalise mining taxation in the Tax Code.

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Krzysztof Shpak 793 22.07.2020

Korea Imposes 20% Tax on Capital Gains From Crypto Transactions

South Korea’s Ministry of Economy and Finance has established a 20% income tax on cryptocurrency transactions. The new regulations have been included in the revised tax code.

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ForkLog 64 14.11.2017

Russian Central Bank Pushes For ‘Professional’ Miners Taxation

The deputy head of Russia’s central bank Olga Skorobogatova has stated that cryptocurrency mining as a business has to be registered and taxed. The official insists that mining is more than just production of cryptocurrencies. “Mining is validation of transactions that are represented as blocks on the blockchain. Validation is carried out by finding complex […]

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