Uzbekistan prez signs tax exclusions for crypto, blockhain integration decree
President Shavkat Mirziyoyev has tapped several government agencies to take charge of an initiative to develop a regulatory framework for cryptocurrency activities.
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Int’l alliance J5 formed to battle crypto tax crime, money laundering
The U.S., Australia, Canada, Netherlands, UK have formed allegiance to trade and share intel on crypto-tax crime and collaborate on investigations.
20% fixed tax bracket in the cards for Japan’s crypto investors
Finance Minister Taro Aso has discussed the idea of reducing the tax rate paid by cryptocurrency investors in Japan.
South Korea government refutes 10% crypto tax claims
South Korean cryptocurrency traders can breathe a little easier after the Ministry of Strategy and Finance has denied rumors that crypto traders would soon have to begin paying capital gains taxes on cryptocurrency profits.
Australian Tax Office goes after crypto investors
According to Australian Tax Office (ATO), cryptocurrencies are an asset that earn thus are considered capital gains, just like real estate sales which ATO also considers taxable.
Portugal’s taxman publishes guidelines for cryptocurrency taxes
The Portuguese Tax Authority has created a framework that defines a handful of taxes for cryptocurrencies, helping to provide a great amount of clarity on the subject.
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.
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%.