$BCH

Dec 16, 2018

$BTC

US Representatives 'Urge' the IRS to Clarify Cryptocurrency Tax Guidance

US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance

On Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies...
Sales Tax and Bitcoin in the United States Can Be Confusing

Sales Tax and Bitcoin in the United States Can Be Confusing

Over the last two years in the US, the federal government and states have been trying to grasp the concept of cryptocurrencies and apply...
New Bill Clarifies Crypto Taxation in Poland

New Bill Clarifies Crypto Taxation in Poland

A new draft introducing amendments regarding the taxation of crypto incomes has been published in Poland. The bill differentiates between decentralized cryptocurrencies and centralized...
Two Norwegian Miners Scrutinized for Low Taxable Incomes

Two Norwegian Miners Scrutinized for Low Taxable Incomes

Two Norwegian cryptocurrency miners have garnered national media attention after declaring taxable incomes of less than $20,000 USD despite having admitted to owning at...
South African Tax Authority Going After Crypto Traders

South African Tax Authority Going After Crypto Traders

The South African Revenue Service is working to improve the tracking of cryptocurrency traders and their transactions in order to verify if they are...

Japanese Firms Jointly Launch Corporate Crypto Accounting Tool

Cryptolinc Co. Ltd, which develops and provides cryptocurrency management and calculation systems, and Miroku Information Service Co. Ltd, a financial and accounting system management...
South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges

South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges

The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for...
Israel Tax Authority Convinces Local Exchange to Report Big Traders

Israel Tax Authority Convinces Local Exchange to Report Big Traders

Tax agencies around the world keep applying pressure on bitcoin and crypto companies to make their operations transparent to them. The latest example comes...
Japan Contemplates Scrapping Its Progressive Crypto Tax Rate

Japan Contemplates Scrapping Its Progressive Crypto Tax Rate

Cryptocurrency traders in Japan currently can be taxed as high as 55% on their profits. However, regulators are now contemplating whether the taxation of crypto...
Crypto Incomes Declared on Tax Returns in Russia

Crypto Incomes Declared on Tax Returns in Russia

Taxpayers in Russia have started declaring incomes and profits from crypto transactions even before cryptocurrencies are legalized in the country, results from this year’s...