Materials by tag Tax

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.
Dec 11, 2018 at 17:20
Japan is Reconsidering its Regulations to Reduce Cryptocurrency Taxation
Digital currency trading volumes have substantially decreased following the drop in Bitcoin price. Given such a situation on the market, a Japanese lawmaker has suggested adding several amendments to the country’s policy related to crypto activity.
Nov 27, 2018 at 16:17
Ohio Ready to Accept Bitcoin for Tax Bills
The 'Buckeye State' is ready to be the first State in the country to accept crypto, specifically Bitcoin (BTC), for payment of tax bills, according to The Wall Street Journal report on November 26. This comes after BTC and other major cryptos have depreciated value over the past week. On Monday, November 26, 2018, BTC was trading below $4,000, down over 80% since the December 2017 all-time-high of around $20,000.
Sep 10, 2018 at 11:27
Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency
Crypto market in Ukraine remains unregulated, however, the government wants to impose taxes on this area anyway. According to an official from the Finance Ministry, a regular income tax is expected to be imposed on any digital currency activity, such as mining or trading.
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