Tag Archives: tax

Brazil’s Tax Authority Fines Those Who Fail to Declare Bitcoin and Crypto tax agency, the Departme

Brazil’s Tax Authority Fines Those Who Fail to Declare Bitcoin and Crypto 
 tax agency, the Departme

Brazil’s Tax Authority Fines Those Who Fail to Declare Bitcoin and Crypto #Brazil’s tax agency, the Department of Federal Revenue (RFB), published a new tax code that specifies fines for taxpayers who fail to declare their #Bitcoin (BTC) and cryptocurrency transactions. On Dec. 6 reported that the new crypto tax code is a further follow-up […]

Kazakhstan Won’t Tax Cryptocurrency Mining: Report lawmakers won’t be taxing mining until the min

Kazakhstan Won’t Tax Cryptocurrency Mining: Report 
 lawmakers won’t be taxing  mining until the min

Kazakhstan Won’t Tax Cryptocurrency Mining: Report #Kazakhstan’s lawmakers won’t be taxing #cryptocurrency mining until the mined #crypto is exchanged for fiat money. According to a legislative analyst at a local blockchain association, cryptocurrency mining will not be treated as entrepreneurial activity but rather a “purely technological progress,” local business publication Kursiv reports Dec. 4. Madi […]

British Tax Authority Updates Cryptocurrency Guidelines, Says It Is Not Money The United Kingdom’s

British Tax Authority Updates Cryptocurrency Guidelines, Says It Is Not Money The United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs (HMRC), has updated its #cryptocurrency taxation guidelines for businesses and individuals. On Nov. 1, the #UK government tax agency, which manages taxes alongside other financial policies, released tax guidance updates that […]

Government of Uzbekistan Triples Tax on Electricity for Crypto Miners The government of the Republi

Government of Uzbekistan Triples Tax on Electricity for Crypto Miners 
The government of the Republi

Government of Uzbekistan Triples Tax on Electricity for Crypto Miners The government of the Republic of #Uzbekistan has ordered a 300% increase on electricity tariffs for cryptocurrency #miners. According to a Sept. 27 announcement, the Cabinet of Ministers of the Republic of Uzbekistan has decreed that #cryptocurrency miners must pay three times more the existing […]

France Won’t Tax Crypto-Only Trades, Will Tax Crypto-to-Fiat Sales French economy minister Bruno Le

France Won’t Tax Crypto-Only Trades, Will Tax Crypto-to-Fiat Sales 
French economy minister Bruno Le

France Won’t Tax Crypto-Only Trades, Will Tax Crypto-to-Fiat Sales French economy minister Bruno Le Maire said on Sept. 12 that #French authorities won’t tax #crypto-to-crypto trades, but will tax when cryptocurrencies are sold for fiat currency. Bloomberg Tax reported on Le Maire’s declarations on Sept. 12. Per the report he noted: “We believe that the […]

Portugal Tax Authority: Bitcoin Trading and Payments Are Tax-Free Tax Authority has clarified that

Portugal Tax Authority: Bitcoin Trading and Payments Are Tax-Free 
 Tax Authority has clarified that

Portugal Tax Authority: Bitcoin Trading and Payments Are Tax-Free #Portugal’s Tax Authority has clarified that both #cryptocurrency #trading and payments in crypto will not be taxed in the country, Cointelegraph en Español reported on Aug. 27. According to a report published on Aug. 26 by Portuguese business newspaper Jornal de Negócios, the Portuguese Tax and […]

Crypto Tax Bill Introduced in the US House of Representatives A bill seeking to allow the exclusio

Crypto Tax Bill Introduced in the US House of Representatives 
A  bill seeking to allow the exclusio

Crypto Tax Bill Introduced in the US House of Representatives A #tax bill seeking to allow the exclusion of gain or loss on like-kind exchanges of virtual currency has been introduced in the United States House of Representatives. To amend the Internal Revenue Code of 1986 The bill dubbed the “Virtual Value Tax Fix Act […]

Brazilian Trade Official Says Tax Reform Will Lead to Evasion Via Crypto The head of a major Brazil

Brazilian Trade Official Says Tax Reform Will Lead to Evasion Via Crypto  The head of a major Brazil

Brazilian Trade Official Says Tax Reform Will Lead to Evasion Via Crypto The head of a major Brazilian trade association, the Federation of Industries of the State of São Paulo (FIESP), said that Brazilians could start using crypto to evade taxes. Paulo Skaf, the president of the FIESP, expressed concern over the recent tax reform […]

US Lawmaker Reintroduces ‘Safe Harbor’ Crypto Tax Bill in Congress United States Congressman Tom Em

US Lawmaker Reintroduces ‘Safe Harbor’ Crypto Tax Bill in Congress  United States Congressman Tom Em

US Lawmaker Reintroduces ‘Safe Harbor’ Crypto Tax Bill in Congress United States Congressman Tom Emmer has reintroduced his Safe Harbor for Taxpayers with Forked Assets bill, according to a press release published July 9. The reintroduced version of the bill appears to have been published on July 3, based on the date printed within the […]

Japan: Tax Authorities Say Crypto Traders Owe Them $93 Million entities have failed to report thei

Japan: Tax Authorities Say Crypto Traders Owe Them $93 Million  entities have failed to report thei

Japan: Tax Authorities Say Crypto Traders Owe Them $93 Million #Japan-based entities have failed to report their #crypto gains valued at 10 billion yen ($93 million) over the past several years by March 2019, local national newspaper Asahi Shimbun reports on June 5. According to Asahi, about 30 crypto-related businesses and 50 individuals have not […]