Shenzhen taps Tencent to fight tax fraud using blockchain
Tencent has been tasked by the Shenzhen government to set up an “Intelligent Tax” innovation laboratory to tackle its tax fraud problems.
Latest tax News
India eyes 18% tax on cryptocurrency trading: report
An 18% tax is being examined on all cryptocurrency trading by India's Central Board of Indirect Taxes and Customs, according to reports.
Bitfinex orders select customers to submit tax details
British Virgin Islands-based Bitfinex has told a select group of customers they must submit details of their tax affairs, which will be retained and ultimately shared with tax authorities around the world.
Azerbaijan becomes latest country to tax cryptocurrency revenues
Azerbaijan has joined numerous jurisdictions to announce measures taxing revenues from cryptocurrency-related operations.
Israel taxman goes after cryptocurrency traders
The Israel Tax Authority is reportedly actively seeking out those traders who are engaging in cryptocurrency business, in a bid to demand a fair share of their profits.
France cuts cryptocurrency capital gains tax in half
After a fair amount of backlash, France’s Council of State now considered cryptocurrencies as movable property, which resulted in the lowering the capital gains tax to a flat rate of 19%.
Expect more price falls as tax deadline looms for US crypto owners
As if the situation was not bad enough for cryptocurrency owners, further pressure on prices looms in the form of the April 15 tax deadline in the United States.
Cryptocurrency tax guidelines coming soon to South Korea
Regulators in South Korea could be ready to publish cryptocurrency tax guidelines as early as June, according to reports.
Digital currency is taxable, IRS reminds taxpayers
The U.S. Internal Revenue Service has warned taxpayers about incurring penalties should they fail to report their cryptocurrency-related incomes.
Coinbase introduces tax tool for cryptocurrency earnings
Coinbase has also provided a step-by-step guide to calculate cryptocurrency-related taxes with the tool, simplifying the often cumbersome and laborious procedure.
Bill to allow cryptocurrency for tax payments passes first reading
A bill allowing residents to pay their taxes in cryptocurrencies has just passed its first reading required in Arizona.
No extra tax for crypto: Germany treats digital coins as legal tender
The German Finance Ministry announced cryptocurrency will be treated like legal tender when used as a payment method.
