Materials by tag Tax

Jul 17, 2019 at 11:01
Another City in Canada Allows Residents to Use Bitcoin for Property Tax Bills
The City of Richmond Hill in Canada, will start accepting the world’s leading virtual currency by market capitalization Bitcoin as a means of payment for property taxes from inhabitants and businesses, The Block reports.
Apr 14, 2019 at 12:51
10 Major Updates in Cryptocurrency Taxation of Q1 of 2019
The first quarter (Q1) of 2019 introduced several key legal updates concerning cryptocurrency taxation. Q1 has seen various countries such as Italy, United States (U.S), Japan, Denmark, Poland, Romania, Venezuela, Indonesia, South Africa, India, Chile and others, define tax treatment for cryptocurrencies including Bitcoin (BTC), the top virtual asset by market cap (MC), Ethereum (ETH) and Ripple (XRP).
Mar 30, 2019 at 17:19
Italy Plans Using Blockchain in Fighting Tax Evasion
Blockchain technology has the capability to offer steadfast, dependable and reliable information in real time to a massive Italian population, creating a system where both taxpayers and tax collectors have equal assurance in the candor of the data gathered. It can be used to combat tax evasion in Italy and other parts of the world.
Mar 20, 2019 at 13:24
Blockchain Tech to Help Manage Digital Identity in Italy
The management of digital identity on the blockchain through smart contracts must essentially split the difference with full decentralization - the requirement for sufficient legal assurances of transactions achieved via smart contract doesn’t appear to be able to work without steadfast third parties, particularly when there are tax effects.
Mar 11, 2019 at 14:43
The Canadian Revenue Agency Starts to Audit Users Involved in Crypto Trading
Cryptocurrency operations have caught the eye of the Canadian Revenue Agency (CRA), Canada’s primary tax-collecting institution. It has been concerned about risks associated with cryptocurrencies and lawful regulation of taxes in the digital asset field.
Feb 25, 2019 at 15:17
Latvian Tax Service to Use Blockchain Technology to Combat Shadow Economy
The State Revenue Service of Latvia calls for the use of Blockchain technology to control tax flow and combat the shadow economy. As one of the possible solution, Blockchain-based systems can be used in the cash registers reform.
Feb 03, 2019 at 13:04
Two US Congressmen to Officially Submit New Pro-Crypto Bills Soon
The Token Taxonomy Act (TTA) is currently regarded as the heftiest pro-crypto bill of all the bills that have hitherto been debated. This is due to the fact that the bill will once again provide US citizens with the exemption to maximumly engage in digital currency markets by giving cryptos legal classifications.
Jan 28, 2019 at 13:19
Regulators Exclude South Africa Blockchain & Crypto Developers from Tax Incentive
In a struggle that will change the face of blockchain development in the nation and the continent at large, the South African Reserve Bank (SARB) has softly left out digital currency developers from a tax incentive that is particularly aimed at technological innovation, according to a report by BusinessLive.
Jan 23, 2019 at 10:21
Earnings From Bitcoin are Now Subject to Income Tax in Romania
Law 30/2019 amending the Fiscal Code became active on Sunday January 20, 2019 and introduces freshness to the system of Romania, viz. classifying the profits accumulated from Bitcoin (BTC), the flagship crypto and other cryptoassets as financial gain accruing over a given period of time from other sources.
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