Tax

IRS

What to Expect When the IRS Alters Its Bitcoin Tax Policy

Coming guidance from the IRS is expected to clarify longstanding crypto tax questions. Here's what to look for.

Markets  ·  7 June 2019
Japan

Japan’s Crypto Traders May Face Closer Scrutiny Over Tax Avoidance

Japanese tax authorities are said to be planning to take action on the under-reporting of cryptocurrency-based profits.

Policy & regulation  ·  5 June 2019
Court Cases

Israeli Court Rules Bitcoin Is an Asset in Feud Over Tax Payment

An Israeli court has ruled against an investor in declaring bitcoin is an asset and not a currency, and thus subject to capital gains tax.

Policy & regulation  ·  22 May 2019
Regulation

Congressman Emmer to Reintroduce Tax Bill Focused on Crypto Hard Forks

U.S. Representative Tom Emmer plans to reintroduce a bill that would benefit taxpayers holding cryptos resulting from blockchain hard forks.

Policy & regulation  ·  15 May 2019
IRS

US Income Tax Payers Can Now Get Refunds in Bitcoin

Income tax payers in the U.S. now have the option to receive their federal and state refunds in bitcoin through Bitpay and Refundo.

Policy & regulation  ·  1 May 2019
IRS

21 US Lawmakers Urge IRS (Again) to Clarify Crypto Tax Rules

With the U.S. deadline to file taxes days away, 21 lawmakers have again urged the IRS to provide clarity on crypto.

Policy & regulation  ·  11 April 2019
Tax

EY Aims to Make It Easier to Calculate Crypto Taxes With New Tool

The professional services giant has launched a product to help clients automate their cryptocurrency accounting and tax calculations.

Policy & regulation  ·  5 March 2019
Payments

Bitwage Now Lets Firms Pay Salaried Staff in Crypto

A new product from Bitwage makes it easier to handle payroll taxes when paying employees in bitcoin or ether.

Policy & regulation  ·  16 January 2019
Europe

Danish Tax Agency to Collect User Data from Crypto Exchanges

The Danish Tax Agency has got the green light to collect trader information from local cryptocurrency exchanges to see if they are paying their dues.

Policy & regulation  ·  14 January 2019
Europe

UK Tax Agency Publishes Detailed Guidance for Crypto Holders

U.K. tax body HMRC has provided an in-depth explanation of how cryptocurrency users should pay taxes on their holdings.

Policy & regulation  ·  19 December 2018
Europe

Blockchain-Friendly UK Lawmaker Calls for Crypto Tax Payments

British politician Eddie Hughes has proposed allowing local taxes and bills to be paid with cryptocurrencies.

Policy & regulation  ·  11 December 2018
Japan

Japanese Lawmaker Proposes 4 Changes to Ease Crypto Tax Burden

A Japanese politician has proposed four changes to the taxation system he says will promote adoption of cryptocurrency in the country.

Policy & regulation  ·  10 December 2018
Thailand

Thai Government Trials Blockchain in Fight Against Tax Fraud

The tax authority in Thailand is testing a blockchain system that tracks value-added tax (VAT) invoices and potentially eliminate fakes.

Policy & regulation  ·  3 December 2018
Bitcoin

Ohio Becomes First US State to Allow Taxes to Be Paid in Bitcoin

Ohio has become the first U.S. state to allow taxes to be paid in bitcoin, starting with businesses.

Policy & regulation  ·  26 November 2018
Mining

Norway Ends Power Tax Subsidy for Bitcoin Miners

The Norwegian government has scrapped a subsidy on electricity tax for cryptocurrency miners in its state budget, a report says.

Policy & regulation  ·  22 November 2018