Tax

Tax

Crypto Tax Software Developers Get Serious About System Standards

A growing number of crypto tax software developers are trying to bolster their products’ technical credibility with the CPA’s stamp of attestation.

Business  ·  31 January 2020
Regulation

South Korea Considers 20% Crypto Income Tax

Officials from the Ministry of Economy and Finance's income tax office have reportedly been reviewing the proposal.

Policy & regulation  ·  20 January 2020
Exchanges

Bithumb Exchange Fighting Back Against ‘Groundless’ $69M Tax Bill

The South Korea-based exchange is fighting a move by the country's tax authority to withhold over $69 million in tax on foreign cryptocurrency transactions.

Policy & regulation  ·  16 January 2020
Europe

UK Tax Authority Issues Crypto Guidance for Businesses

After clarifying how individual taxpayers should deal with cryptos last year, the U.K.'s HMRC has now issued guidance for enterprises.

Policy & regulation  ·  4 November 2019
Tax

Tencent to Lead Drafting of International Blockchain-Based Invoice Standards

The internet giant, which has been working on blockchain-based invoices for some time, will lead the development of new standards.

Policy & regulation  ·  29 October 2019
Regulation

Chinese Official Warns Libra Could Abet Illegal Cross-Border Transfers

Libra must abide by international foreign exchange regulations to not enable illegal transfers or “it should be banned,” a senior Chinese regulator said Monday.

Policy & regulation  ·  28 October 2019
IRS

The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years

For the first time since 2014, the IRS is detailing how it will tax cryptocurrency holdings. Here's what you need to know.

Policy & regulation  ·  9 October 2019
Regulation

Ohio Treasurer Suspends Predecessor’s Bitcoin Tax Payment Service

A website launched last year by the U.S. state of Ohio allowing businesses to pay a range of taxes with bitcoin has been taken offline.

Policy & regulation  ·  3 October 2019
IRS

New IRS Warning Letters Target Crypto Investors Who Misreported Trades

The IRS is sending another round of warning letters to crypto users, this time to taxpayers who it thinks misreported income on exchange transactions.

Policy & regulation  ·  14 August 2019
Regulation

New Zealand Tax Office Makes It Legal to Pay Salaries in Crypto

New Zealand's Inland Revenue Department has made it legal to receive salaries in cryptocurrency, and be taxed accordingly.

Policy & regulation  ·  12 August 2019
IRS

IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance

Though the IRS has yet to publish its promised crypto tax guidance, the warning letters recently sent to 10,000 traders hint at what to expect.

Policy & regulation  ·  12 August 2019
IRS

North Carolina Congressman Reintroduces Crypto Tax Bill

Reintroduced cryptocurrency tax legislation is taking aim at the IRS's current code

Policy & regulation  ·  7 August 2019
Coinbase

British Authorities Seek Data from Crypto Exchanges in Search of Tax Evaders

The U.K. tax authority is pressuring crypto exchanges to reveal customers' names and transaction histories in a bid to claw back unpaid taxes, sources said.

Policy & regulation  ·  6 August 2019
Brazil

Brazilian Tax Authorities Impose New Requirements on Crypto Trading

Information regarding crypto transactions exceeding $7,600 in value must be submitted to the National Treasury.

Markets  ·  2 August 2019
Crime

Australia to Crack Down on Crypto Tax Avoidance Schemes

The Australian Taxation Office is hunting down major tax avoidance schemes using cryptocurrencies, according to a report.

Policy & regulation  ·  7 June 2019