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Tax

IMF: Authorities lost up to $323B in potential digital asset taxes in 2021
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10 July, 2023

IMF: Authorities lost up to $323B in potential digital asset taxes in 2021

IMF says tax systems have yet to evolve to cover digital assets, and the volatility, pseudonymity, and lack of global...
Kenyan president signs Finance Bill, demands 3% tax from digital asset traders
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5 July, 2023

Kenyan president signs Finance Bill, demands 3% tax from digital asset traders

The Finance Bill has come under heavy criticism for its new taxes, including a 3% tax on digital asset sales,...
Slovakia slashes digital asset taxes to 7%
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4 July, 2023

Slovakia slashes digital asset taxes to 7%

The National Council of Slovakia voted 112-2 in favor of the amendment, which will lower the taxes from a maximum...
Japan removes tax on ‘paper profits’ for digital token issuers
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27 June, 2023

Japan removes tax on ‘paper profits’ for digital token issuers

Under the old tax rules, companies that issued and held their own digital tokens in Japan were subjected to 30-35%...
Nigeria’s 10% digital asset tax gets mixed reactions
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16 June, 2023

Nigeria’s 10% digital asset tax gets mixed reactions

Some say the tax is an endorsement and legal recognition by the Nigerian government, but others say the tax is...
OECD rolls out new tax standards for digital currencies and CBDCs
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14 June, 2023

OECD rolls out new tax standards for digital currencies and CBDCs

Dubbed the Crypto-Asset Reporting Framework, the new tax reporting standard by the Organization for Economic Cooperation and Development received input...
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