tax administration

Tax Authority Slated to Become Main Crypto Regulator in Russia

May 17, 2023 Bitcoin.com

Aksakov

Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and Transactions to Their Tax Service […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

South African Tax Body Updates Crypto Tax Guidance, Confusion Persists

September 2, 2021 Bitcoin.com

bitcoin.com

In late August, the South African Revenue Service (SARS) released new guidelines that clarify the correct treatment of taxable crypto events. The new guidance, which was published on the revenue collector’s webpage, explains how cryptocurrency-related income should be disclosed in tax returns. Distinction Between Income and Capital Gains Tax As shown on SARS’ crypto-asset tax […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency

August 31, 2021 Bitcoin.com

amendments

The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify Crypto Taxation in Slovenia The Financial Administration […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Iranian Tax Authority Urges Regulators to Legalize Cryptocurrency Exchanges

August 12, 2021 Bitcoin.com

bitcoin.com

The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the legalization of their activities, fearing restrictions could negatively affect tax collection. Tax Agency Wants to Obtain User Data From Authorized Exchanges Seeing an opportunity to use exchange transactions as a […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

May 29, 2021 Bitcoin.com

agency

Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions. Tax Office […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Iranian Tax Agency to Profile Owners of Cryptocurrency Exchanges

May 16, 2021 Bitcoin.com

Assembly

Cryptocurrencies have been a cause for concern in Teheran as the digital assets have attracted capital from other, traditional markets. The parliament’s leadership has now asked the tax agency to profile the owners of Iranian platforms facilitating cryptocurrency trading and report to the Majlis. Parliament Speaker Asks Tax Agency to Report on Crypto Trading Platforms […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender