Latest tax News

A busy Apple Store in Hong Kong
Business 27 October 2022

Apple wants a piece of the NFT pie

Apple laid out good use cases for NFTs and confirmed that its 30% "Apple Tax" will apply to in-app purchases, while the NFTs purchased elsewhere will be available for viewing only.

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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