tax

Tax Investigation Underway for Korean Crypto Investment Firm Hashed
tax

Tax Investigation Underway for Korean Crypto Investment Firm Hashed

At present, crypto investment firm Hashed is under inquiry. The investigation is carried forward by the National Tax Service (NTS) in South Korea; reports the local ...
South Korean Legislators are Getting Closer to Reaching an Agreement to Postpone the Crypto Tax for a Year
tax

South Korean Legislators are Getting Closer to Reaching an Agreement to Postpone the Crypto Tax for a Year

South Korean legislators are close to deferring crypto tax for another year, which might be a massive gain for the local crypto business. Cryptocurrency gains achiev ...
Gitumani TalukdarNov 30, 2021
ATO Says it Cannot Rely on the Tax Records of Crypto Investors
tax

ATO Says it Cannot Rely on the Tax Records of Crypto Investors

Even though most investors do their hardest, the Australian Tax Office (ATO) says it can’t rely on crypto investors to maintain track of their tax records, tra ...
Trishla TyagiNov 29, 2021
Australian Cryptocurrency Investors are Not Trustworthy; Can't Keep Transaction Themselves
tax

Australian Cryptocurrency Investors are Not Trustworthy; Can't Keep Transaction Themselves

The Australian Taxation Office (ATO) has stated that cryptocurrency investors cannot be depended upon to track their investment profits and tax liabilities. As more ...
Usha YadavNov 24, 2021
Indian Crypto Industry Pursues Tax Clarity in Union Budget 2022-23
tax

Indian Crypto Industry Pursues Tax Clarity in Union Budget 2022-23

Indiatech, an industry organization in India, has written to Nirmala Sitharaman, the country’s finance minister, about bitcoin taxation. Coinswitch Kuber, Wazi ...
Prabhjeet BhatlaJan 10, 2022
Union Budget 2022: 30% Tax on Virtual Asset Transfer
tax

Union Budget 2022: 30% Tax on Virtual Asset Transfer

The government did not adjust the income tax brackets. Finance Minister Nirmala Sitharaman has made a number of significant announcements, including a 30 percent tax ...
Prabhjeet BhatlaFeb 1, 2022
From 30% Tax on Gains to a 1% TDS on Payments, Here’s What 2022 Budget Got For Crypto
tax

From 30% Tax on Gains to a 1% TDS on Payments, Here’s What 2022 Budget Got For Crypto

India’s Finance Minister Nirmala Sitharaman presented the 2022 Budget on 1st Feb and the internet was taken by storm. One of the focal points of this attention was t ...
UK Tax Agency Released New Guidelines Around DeFi
tax

UK Tax Agency Released New Guidelines Around DeFi

Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency announced a controversial set of recommendations on Wednesday that could harm Decentralized Fin ...
Yash ChaudharyFeb 3, 2022
Bipartisan Bill Proposes Tax Exemption With Gains of $200 or Less
tax

Bipartisan Bill Proposes Tax Exemption With Gains of $200 or Less

A law has been submitted by four members of Congress, two Democrats and two Republicans, to make the everyday use of digital assets more realistic. Consumers are alr ...
Yash ChaudharyFeb 4, 2022
TurboTax Teams With Coinbase to Allow Tax Refunds in Crypto
tax

TurboTax Teams With Coinbase to Allow Tax Refunds in Crypto

US-based cryptocurrency exchange Coinbase is partnering with tax-preparing software TurboTax to let users convert their tax refund into cryptocurrencies. On Thursday ...
Jafrin AhmedFeb 4, 2022
US Lawmakers Introduce New Bipartisan Crypto Tax Bill
tax

US Lawmakers Introduce New Bipartisan Crypto Tax Bill

Currently, any gain obtained from the sale of cryptocurrencies must be reported as a taxable income in the US regardless of the size or purpose of the transaction. S ...
Jafrin AhmedFeb 7, 2022