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Tax

Puerto Rico upholds 4% tax incentive for digital currency-related activities
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3 March, 2023

Puerto Rico upholds 4% tax incentive for digital currency-related activities

While it would likely take more than a tax cut to become a leading digital asset player in the Caribbean,...
India snubs plea to reduce tax burden in Union Budget 2023
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4 February, 2023

India snubs plea to reduce tax burden in Union Budget 2023

Existing laws on digital assets remain, including the 1% TDS, following the Union Budget, but key industry players remain hopeful...
Rounding up the important digital currency stories from the US this week
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31 January, 2023

Rounding up the important digital currency stories from the US this week

Regulating the sector remains on the cards for the United States, as seen in the recent developments in the space,...
India’s TDS rule under fire as critics call for immediate reduction
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29 January, 2023

India’s TDS rule under fire as critics call for immediate reduction

The report claims that the existing 1% TDS rate is pushing numerous industry service firms out of the country, adding...
Arizona seeks to exempt crypto from property taxation
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27 January, 2023

Arizona seeks to exempt crypto from property taxation

If the bill sails through the legislative hurdles, Arizona residents could cast their votes for or against the application of...
India virtual currency industry calls for tax relief ahead of 2023 Union Budget
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22 January, 2023

India virtual currency industry calls for tax relief ahead of 2023 Union Budget

Stakeholders argue that reducing TDS from 1% to 0.01% would provide competitive prices to India's virtual currency users and safeguard...
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