Taxes News

It is hard to define cryptocurrency taxes, because there is a lot of controversy surrounding it today.  Society still has no consensus even on whether digital currencies are a property or a currency, and that triggers a huge difference in taxation procedure. The speed of exchange rate flows makes it impossible to establish a taxation time period equally suitable for everyone. Also, there are a lot of cryptocurrencies that were particularly designed to protect user’s anonymity and their protocols wouldn’t allow any government to tax it.

As cryptocurrency market is growing, and its sheer dollar value makes it more likely to catch an attention of regulators. Cryptocurrencies are also a great way of money laundering, so no government will be able to ignore the subject. Today there are a lot of news about new cryptocurrency taxes laws and it looks like there will be more over time.  

News
The small Iberian nation is set to reverse a long-standing tax law that excluded crypto gains on the grounds that they are not legal tender.
Portugal to lose crypto tax haven status as state announces gains duties
Brian Newar
2022-05-17T02:16:55+01:00
5025
News
“Remember, you can’t offset your crypto losses against your salary and wages,” said ATO assistant commissioner Tim Loh.
Crypto capital gains one of four key areas for Australian Tax Office
Brian Quarmby
2022-05-16T06:51:33+01:00
3179
News
Germany’s Finance Ministry has released new cryptocurrency tax guidelines with no tax payable on gains from BTC and ETH sold 12 months after acquisition.
Germany outlines favorable tax guidelines, gains on BTC and ETH sold after a year tax-free
Gareth Jenkinson
2022-05-12T20:15:00+01:00
8495
News
Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consump...
Kazakhstan ramps up power consumption reporting requirements for crypto miners
Jesse Coghlan
2022-05-05T02:02:44+01:00
2563
News
The country’s president-elect is proving his crypto savvy by declaring there will be no tax on crypto investment gains until legislation can ensure consumer pro...
South Korea’s new president delays crypto taxes in favor of consumer protections
Brian Newar
2022-05-04T05:30:55+01:00
2038
News
The Republic of Uzbekistan is preparing to adopt a new crypto regulatory framework including a 7.5% income tax on crypto-related salaries.
Uzbekistan’s president issues decree to adopt special crypto framework
Helen Partz
2022-05-03T11:46:35+01:00
1753
News
Blockchain and virtual currencies are set to become vital part of the Argentine capital’s 12-step digital transformation effort.
Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles
David Attlee
2022-04-28T18:00:00+01:00
1810
News
The integration provides LUNA users a way to accurately track and record their transactions to meet their tax obligations, according to Koinly's Tony Dhanjal.
Crypto tax calculator Koinly integrates Terra into its platform
Ezra Reguerra
2022-04-26T11:03:23+01:00
2220

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