Portugal’s Assembleia da Republica says no to two crypto tax bills
The Portuguese Minister of Finance had recently declared that cryptocurrencies in the country will soon be subject to capital gains taxes.
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Thailand Exempts Crypto Transfers From VAT Until End of 2023
Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will…
Australian Taxation Office to Focus on Capital Gains From Crypto Assets
The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate…
Germany Declares Crypto Gains Tax-Free After 1 Year — Even if Used for Staking, Lending
The 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…
Germany outlines favorable tax guidelines, gains on BTC and ETH sold after a year tax-free
Germany’s Finance Ministry has released new cryptocurrency tax guidelines with no tax payable on gains from BTC and ETH sold after 12 months of acquisition.
Report: Nigerian Crypto Restrictions and Twitter Ban Have ‘Crippled Foreign Direct Investment in the Fintech Industry’
A new report has concluded that restrictions on cryptocurrency trading, as well as the banning of Twitter by Nigerian authorities, may have “crippled foreign direct investment in the fintech industry.”…
India Considers Imposing 28% GST on All Crypto Transactions: Report
The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided…
Uzbekistan’s president issues decree to adopt special crypto framework
The Republic of Uzbekistan is preparing to adopt a new crypto regulatory framework including a 7.5% income tax on crypto-related salaries.
Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles
Blockchain and virtual currencies are set to become vital part of the Argentine capital’s 12-step digital transformation effort.
Argentinian Tax Agency Supports Creation of Global Crypto Report System to Avoid Evasion
The AFIP, the Argentinian tax agency, is supporting the creation of a centralized system that serves as a registry for cryptocurrency holders. According to statements from its head, this would…
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