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 Capital Markets (Amendment) Bill will now be introduced to the lower chamber of the Kenyan parliament.
Kenyan crypto tax bill makes it through parliamentary committee
David Attlee
2023-12-05T12:24:04+00:00
3521
News
According to the fiscal year 2023 report, the IRS unit investigated failures to disclose crypto holdings and report on capital gains for transactions.
IRS team reports rise in crypto tax investigations
Turner Wright
2023-12-04T21:52:39+00:00
3417
Newsletter
Spain and Brazil are chasing cryptocurrency stored abroad, while the U.K. wants taxes paid for crypto assets that weren’t previously declared.
Tax services are getting pushy to have crypto declared: Law Decoded, Nov. 27–Dec. 4
David Attlee
2023-12-04T20:00:00+00:00
2243
Newsletter
Law firm Cadena Legal said that the guidance released by the Australian Taxation Office is “non-binding” and must be treated as “toilet paper.”
KyberSwap hacker wants control, law firm says Aussie DeFi tax rules ‘non-binding’: Finance Redefined
Ezra Reguerra
2023-12-01T20:00:00+00:00
4349
Follow up
“I am actively telling people they are best ignoring it,” Cadena Legal’s founder tells Cointelegraph after controversial new tax guidance on DeFi was released i...
Australia’s confusing new crypto tax guidance is ‘toilet paper,’ says law firm
Brayden Lindrea
2023-12-01T05:20:36+00:00
7600
Opinion
Thanks to the IRS, your favorite decentralized exchange may need to begin asking for your address, birthdate, and other personal information beginning in 2025.
IRS proposal to track your Uniswap transactions will dampen the crypto industry
Tomer Warschauer Nuni
2023-11-30T21:51:14+00:00
3717
Spotlight
Cryptocurrencies are becoming increasingly relevant for businesses, but managing and accounting for these digital assets can be challenging.
Preparing business accounting for the crypto era with advanced tools
Anatol Hooper
2023-11-30T18:00:00+00:00
22413
News
His Majesty’s Revenue and Customs has issued a warning to crypto, NFT and utility tokenholders about paying their taxes on time or facing the consequences.
UK crypto hodlers get a call from the tax grinch
David Attlee
2023-11-29T12:54:23+00:00
6416

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