Latest tax News

Digital assets
Business 26 August 2022

Levy on digital asset airdrops sought in South Korea

South Korea heightens its digital asset regulation with the finance ministry announcing that airdropped assets are now subject to a 10% to 50% levy, a move seen as a measure to counter gift tax evaders.

IRS updates digital currency question in 1040 tax form
Business 16 December 2021

IRS updates digital currency question in 1040 tax form

The tax agency posted its 1040 form last year to ask about virtual assets; however, a query led to confusion among U.S. citizens who wondered if buying and holding counted as a digital currency transaction.

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