Tax

IRS

IRS to Tax Digital Currencies as Property, Not Currency

The US tax body has released a new notice relating to its treatment of bitcoin and other digital currencies.

Policy & regulation  ·  25 March 2014
Crime

Bitcoin Banking, Solving ID Theft, and Why Regulators Should Love Pasties

John Law wonders if cryptocurrencies could secure your cash, BLTs could protect your ID and bitcoin is wrongly named.

Policy & regulation  ·  23 March 2014
Europe

Financial Faux Pas Highlight the Need for Decentralised Currencies

Banks issue non-performing loans, credit card companies get scammed, insurers get defrauded – so why the focus on bitcoin?

Policy & regulation  ·  21 March 2014
Regulation

What the UK’s Tax Reversal Means for Bitcoin

Indeed, getting the bitcoin community to agree what regulation is welcome will likely be a challenge all in itself.

Policy & regulation  ·  16 March 2014
Europe

UK Eliminates Tax on Bitcoin Trading, Publishes Official Guidance

New reports suggest HMRC will formally remove VAT on bitcoin trading in the UK this week.

Policy & regulation  ·  2 March 2014
Regulation

Australia Will Set Official Tax Guidelines on Bitcoin This Year

The Australian Taxation Office will issue formal guidelines on taxing bitcoin business by the end of June.

Policy & regulation  ·  10 February 2014
IRS

Bitcoin Holders Face Uncertainty Over Tax Returns

This financial year many bitcoin users will consider putting their gains on their tax returns. But how?

Policy & regulation  ·  2 February 2014
Regulation

Sweden Likely to Regulate Bitcoin as an Asset

The Swedish Tax Agency is drafting rules for bitcoin users and programmers that would treat bitcoins as assets.

Policy & regulation  ·  22 January 2014
Canada

Bylls Lets Canadians Pay Bills in Bitcoin

Now, Canadians can use bitcoins to pay their phone, gas and tax bills in bitcoin.

Business  ·  21 January 2014
Regulation

Will UK Tax Authority HMRC Reclassify Bitcoin as ‘Private Currency’?

The UK authority is likely to reclassify bitcoin as a 'private currency' and thus significantly reduce its tax liability.

Policy & regulation  ·  16 January 2014
IRS

Pay Your Taxes With Bitcoin: SnapCard Launches ‘Pay the IRS’ Service

Users of snapCard will be able to pay the IRS their taxes in bitcoin with the company's new service.

Business  ·  15 January 2014
IRS

Taxpayer Advocate to IRS: We Need Bitcoin Guidance

A Treasury-appointed official has warned the IRS to issue tax guidance on bitcoin or risk confusing businesses.

Policy & regulation  ·  10 January 2014
Regulation

Singapore Government: This is How We Intend to Tax Bitcoin

The Inland Revenue Authority of Singapore (IRAS) has issued clear guidelines on how it will tax various bitcoin businesses.

Policy & regulation  ·  9 January 2014
Exchanges

Indian Tax Authorities Seek Clarification on Bitcoin

Taxmen have paid an unusually friendly visit to an Indian bitcoin startup, asking for advice.

Policy & regulation  ·  3 January 2014
Exchanges

Slovenia Clarifies Position on Cryptocurrency Tax

Slovenian regulators have released a statement clarifying certain ambiguities related to bitcoin and other digital currencies.

Markets  ·  24 December 2013