India’s CoinSwitch adds non-digital currency products amid stern tax policies
The new products that will be offered by CoinSwitch include mutual funds, stocks, U.S. equities, exchange-traded funds (ETFs), and fixed deposits.
The new products that will be offered by CoinSwitch include mutual funds, stocks, U.S. equities, exchange-traded funds (ETFs), and fixed deposits.
With the new bill, individuals who choose to disclose their holdings within three months of the law's passage will be required to pay only a 2.5% tax on capital gains on digital currencies.
The South Korean National Tax Service believes that Bithumb may have been engaged in tax evasion, an offense punishable by imprisonment or payment of fines.
The Rishi Sunak government will implement a tax exemption for foreign investors who purchase digital assets through local investment brokers and managers.
Following an in-depth consultation, the IRS said it is pushing back the implementation of a new reporting threshold to the 2023 tax year to help taxpayers prepare and avoid confusion.
'Designated cryptoassets' in the United Kingdom are now qualified for Investment Manager Exemption, allowing foreign investors to evade strict tax implications.
The incoming legislation will require miners to buy electricity from the state-owned KOREM, which miners believe could impose unnecessary bureaucracies.
Currently, Japan imposes a 30% tax on digital asset service providers holding unrealized gains from their assets—a move widely criticized for stifling innovation.
Koinly has pruned its staff strength by 14% ahead of the incoming tax season, forcing to layoff 16 full-time employees in a move that has left the remaining staff bewildered.
Taxation of digital assets was a key area of discussion among attendees, with the consensus being an amendment of the existing Tax Code of Ukraine.
Taxpayers can be subject to a lesser 14% rate if they declare the value of their digital assets as of January 1, 2023, to authorities.
Shira Greenberg called for wider powers to be given to the supervisor of financial service providers and opined to create an effective tax regime for the industry.