New Zealand taxman wants info on digital currency owners
Firms are requested to turn over their customers’ personal details and the type and value of their digital currency holdings for tax purposes.
Latest tax News
Israel bill wants to remove capital gains for digital currency owners
Under the existing Israeli laws, digital currencies are considered assets and therefore, their sale or conversion attracts a 25% capital gains tax.
‘Crypto Valley’ Zug to start accepting digital currency for tax payments
Payments made in digital currency will have a CHF100,00 ceiling, and both companies and private individuals are allowed to pay with digital currency.
IRS sends new batch of ‘crypto letters’ to taxpayers
There are three types of letters, each indicative of the degree to which the IRS thinks individuals are underreporting digital currency transactions.
Over 1,000 customer data missing in CryptoTrader.Tax breach
The digital currency tax reporting service suffered a breach, resulting in 13,000 rows of data and 1,082 customer email addresses stolen.
Venezuela to accept taxes in Petro
The National Tax Harmonization Agreement will implement an information exchange and monitoring system for companies that will allow them to pay taxes in Petro.
Kazakhstan proposes 15% tax on block reward mining
With the coronavirus pandemic weighing heavily on the government’s hand, the tax will assist Kazakhstan in its recovery efforts.
Lawmakers urge ‘proactive policy’ for taxing digital currency staking rewards
In a letter to the IRS, the lawmakers explain how taxing staking rewards as income could lead to excessive tax burdens.
South Korea police want to know: Who leaked digital currency tax bill?
Authorities are looking into the source of a leak that exposed South Korea government’s digital currency taxation plan.
Digital currency to be ‘taxable property’ in Russia
The latest amendments mean it will no longer be an offence punishable by prison to facilitate digital currency trades in Russia.
South Korea proposal for 20% digital currency gains tax gains traction
The proposal will be voted on September 3, 2020, and is expected to take effect on October 1, 2021—if passed.
Coinbase former customer sues IRS for records seizure
Researcher Jim Harper received a letter stating the IRS “had reason to believe” he had not paid full tax on his digital currency dealings.
