Tax

The Trade-Off Between Energy Use and a Healthy Economy: Kyrgyzstan Lawmakers Debate on Bitcoin Mining Tax Bill
Jun 10, 2020 at 09:42
News
The Trade-Off Between Energy Use and a Healthy Economy: Kyrgyzstan Lawmakers Debate on Bitcoin Mining Tax Bill
After announcing an official ban on cryptocurrency use in 2014, the Kyrgyz Republic seems to be reconsidering its legal frameworks around crypto trading and mining.
Japan’s Finance Minister Won’t Adjust Cryptocurrency Tax Rate
Jun 03, 2020 at 13:39
News
Japan’s Finance Minister Won’t Adjust Cryptocurrency Tax Rate
Japanese Deputy Prime Minister and Finance Minister Tarō Asō said he disagrees with the plan to lower the cryptocurrency tax to the same level as stocks. At the meeting of the Finance Committee of the House of Representatives, he stated that there was no intention to lower the cryptocurrency tax rate to 20%.
US IRS Seeks Cryptocurrency Tax Assessment Contractor to Produce Clearer Regulatory Framework
May 14, 2020 at 14:31
News
US IRS Seeks Cryptocurrency Tax Assessment Contractor to Produce Clearer Regulatory Framework
The United States tax authority, the Internal Revenue Service (IRS), is looking for an outside firm (contractor) to help with crypto asset tax calculations and produce a clear income statement.
Taxes Revolutionizing the Cryptocurrency Industry, Singapore Sets New Rules
Apr 25, 2020 at 09:29
News
Taxes Revolutionizing the Cryptocurrency Industry, Singapore Sets New Rules
As cryptocurrencies and blockchain technology gain root in the world, governments are becoming more involved in the industry through taxation.
US Parliament Holds First Productive Blockchain Hearing
Mar 12, 2020 at 10:11
News
US Parliament Holds First Productive Blockchain Hearing
For the first time the US House of Representatives has had a very useful debate on Blockchain technology. During the recent debate lawmakers convened an educative and informative discussion on Blockchain technology without bending towards one side due to political wills.
Beijing Issues First Blockchain-Based Invoice for Parking
Mar 06, 2020 at 12:37
News
Beijing Issues First Blockchain-Based Invoice for Parking
Beijing's first blockchain electronic ordinary invoice was issued in the parking lot of Hanwei International Plaza, marking Beijing's tax service entering the age of blockchain.
Korea Passes Special Law on Cryptocurrency, What Will Change in the Future?
Mar 05, 2020 at 17:10
News
Korea Passes Special Law on Cryptocurrency, What Will Change in the Future?
As the Special Money Act passed the South Korean National Assembly's plenary session, the Enforcement Decree is in full force.
United States Tax Agency Wants Cryptocurrency Holders to Pay Taxes
Mar 01, 2020 at 11:46
News
United States Tax Agency Wants Cryptocurrency Holders to Pay Taxes
US Tax body Internal Revenue Services (IRS) is demanding that American Citizens who hold cryptocurrency deposits in their wallets be taxed. The tax agency sent warning letters to more than 10,000 cryptocurrency holders over failure to pay appropriate taxes or falsifying taxable income.
Tax Experts Suggest Gradual Income Tariff Imposition on Bitcoin
Feb 28, 2020 at 09:22
News
Tax Experts Suggest Gradual Income Tariff Imposition on Bitcoin
Some tax experts in South Korea suggested that they first adopt low-level transaction taxes for the practical application of cryptocurrency taxation, and then gradually switch to applying capital gains tax. In the absence of a cryptocurrency-related bill, it is difficult to track all of the trading profits of investors, so it is reasonable to initially introduce a trading tax that proves only the existence of a transaction.
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