Tax

South Korea proposal for 20% digital currency gains tax gains traction
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25 July, 2020

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
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17 July, 2020

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...
Switzerland won’t amend tax laws for blockchain
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1 July, 2020

Switzerland won’t amend tax laws for blockchain

Blockchain and digital currencies are “fully compatible” with existing legal frameworks, according to the Swiss Department of Finance.
Ernst & Young tax tool targets traders filing digital currency forms
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24 June, 2020

Ernst & Young tax tool targets traders filing digital currency forms

CryptoPrep collects information on a user’s trades made on and off major exchanges and compiles it into a downloadable 8949...
South Korea minister confirms digital currency tax plans
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19 June, 2020

South Korea minister confirms digital currency tax plans

Finance Minister Hong Nam-Ki told a parliamentary finance committee the government will introduce a taxation regime for digital currency.
Japan finance minister voices opposition to lowering digital currency tax
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4 June, 2020

Japan finance minister voices opposition to lowering digital currency tax

Taro Aso said he would be unwilling to push for taxes on digital currency-related income to be reduced to 20%.
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