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Crypto Taxation

Argentina Defines Rules for Normalization of Previously Undeclared Assets, Including Cryptocurrency

Argentina Defines Rules for Normalization of Previously Undeclared Assets, Including CryptocurrencyArgentina has recently released the rules that will govern the previously approved legislative package affecting the inclusion of cryptocurrency and other undeclared assets in the country’s tax system. The benefits will only be available to taxpayers who hold their assets in registered VASPs. These taxpayers will be exempt from taxes for up to $100,000 held […]

Russia is free to use Bitcoin in foreign trade, says finance minister

Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion

Malaysia Launches Special Operation to Crack Down on Crypto Tax EvasionMalaysia’s Inland Revenue Board (IRB), in collaboration with the Royal Malaysia Police and Cybersecurity Malaysia (CSM), recently launched a special operation codenamed “Ops Token” to tackle tax revenue losses from cryptocurrency trading. The initiative, involving 38 personnel, was executed across 10 locations in the Klang Valley. This region encompasses the federal territories of Kuala Lumpur […]

Russia is free to use Bitcoin in foreign trade, says finance minister

Turkey Rules out Taxes on Crypto Profits, Considers Limited Transaction Tax

Turkey Rules out Taxes on Crypto Profits, Considers Limited Transaction TaxTurkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited” transaction tax on these assets, though the specifics have not been determined. This statement was made to clarify earlier reports by […]

Russia is free to use Bitcoin in foreign trade, says finance minister

South Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion

South Korea Preparing Tax System to Avoid Cryptocurrency Tax EvasionThe National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the information received from cryptocurrency holders to avoid cryptocurrency tax evasion. Local sources reported that the agency had contracted the services of a third-party company to help in this task, and it is scheduled to be […]

Russia is free to use Bitcoin in foreign trade, says finance minister

Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says

Income Tax Applies to Crypto Trading in Bosnia, Tax Administration SaysIndividuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets. Income Tax Is Due on Profits From Crypto Trades, Bosnia Tax […]

Russia is free to use Bitcoin in foreign trade, says finance minister

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation RegulationsA special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the applicable legislation. Advisory Board to Take On Matters Related to Cryptocurrency Taxation in Ukraine The National Securities […]

Russia is free to use Bitcoin in foreign trade, says finance minister

European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion

European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight EvasionMembers of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders to enjoy a simpler tax regime. European Parliament Adopts Framework for Uniform Taxation […]

Russia is free to use Bitcoin in foreign trade, says finance minister

Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate

Portuguese Parliament Rejects Crypto Tax Proposals During Budget DebateTwo proposals to tax crypto assets have failed to gain support from Portuguese lawmakers who are now discussing the state budget. The bids came from minority left-wing parties, while the ruling majority is yet to put forward its own draft to regulate the matter. Portuguese Lawmakers Stop Motions to Tax Crypto Gains Members of the […]

Russia is free to use Bitcoin in foreign trade, says finance minister

Germany Declares Crypto Gains Tax-Free After 1 Year — Even if Used for Staking, Lending

Germany Declares Crypto Gains Tax-Free After 1 Year — Even if Used for Staking, LendingThe German Ministry of Finance has published a letter officially confirming that the sale of crypto assets is tax-free after one year even if the coins are used for staking and lending. How Crypto Gains Are Taxed in Germany The German Ministry of Finance announced Wednesday that it has published a letter on the income […]

Russia is free to use Bitcoin in foreign trade, says finance minister

Thailand Approves Tax Relief Measures for Crypto Trading

Thailand Approves Tax Relief Measures for Crypto TradingThe Thai Cabinet has approved tax relief measures for crypto trading. The new tax rules are “much more friendly to both investors and industry,” said an executive of a cryptocurrency exchange in Thailand. Thailand Adopts New Tax Rules for Crypto Investments Thailand’s Cabinet approved new tax relief rules Tuesday for crypto trading, according to an […]

Russia is free to use Bitcoin in foreign trade, says finance minister