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The Indonesian government has decided to tax capital gains income from crypto investments at 0.1% starting in May. In addition, value-added tax (VAT) of the same rate will be levied…
The Colombian tax authority, DIAN, has reminded taxpayers that they need to start registering cryptocurrencies in their statements starting this year. The director of the DIAN, Lisandro Junco, reminded cryptocurrency…
The government is still reportedly considering how to implement crypto taxes, but legislation passed in response to the pandemic laid the groundwork.
India’s new crypto tax policy is based on its gambling and lottery ticket win tax rules, that is set to come into effect from April 1.
The fruits of President Biden’s EO will not materialize until months from now, but the need for regulatory change is far-reaching.
Nonprofits are required to file IRS Form 8282 for crypto donations of $500 or more if donated funds are exchanged for the U.S. dollar.
An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling.…
The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11…
Some jurisdictions are introducing digital assets as tax payment options while others levy hefty taxes on crypto gains.
The budget from the Biden administration said modernizing tax rules to include digital assets will bring the government $4.9 billion in revenue in 2023.