Israel’s chief economist recommends sweeping digital asset guidelines
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.
Latest tax News
European Union eyeing digital asset taxation change
The vote will commit lawmakers in Brussels to changing tax rules related to the digital asset industry, including whether to implement a single tax regime for digital assets across the bloc.
Kenya to tax 4 million digital asset owners under new bill
The Capital Markets (Amendment) Bill will be the first law to govern the digital asset industry and will impose taxes akin to the existing 20% excise duty.
Philippines: Kroptoken, Calcoins founder charged with tax evasion
Joseph Calata and his business entities have accumulated a total aggregate liability of over $6.8 million with the matter instituted in Caloocan City, according to court filings.
IRS braces for spike in digital asset tax fraud in coming weeks
Jim Lee, head of the IRS criminal investigation department, noted that the cases are in their “hundreds,” with the bulk being in the field of “off-ramping” transactions.
Costa Rica wants ‘crypto’ taxes removed as it eyes transformation into digital asset hub
Costa Rican lawmakers said the proposed bill, which seeks to eradicate taxes in the asset class, will allow digital asset firms to exist in "perfect harmony" without major distortions by the central bank.
IRS expands digital assets tax category to include NFTs
The IRS has amended “virtual currency” to “digital assets” in the 2022 tax year draft instructions, expanding the category to include NFTs and stablecoins.
Australia’s stance on BTC may have dire tax implications for investors: report
Digital currency investors in Australia will be mandated to pay capital gain tax from their asset sales after the government decided against viewing "crypto" as foreign currency.
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.
Portugal makes provision for digital asset tax in new budget draft
The proposed tax plans have left a bad taste in the mouth of digital currency enthusiasts as the country had a reputation in Europe with pro-digital asset legislation.
South Korea tax agency seizes nearly $200M in digital assets from tax offenders
South Korea stresses the need to uphold fair taxation principles as it busted digital asset investors who failed to settle taxes, with authorities netting nearly $200 million from the operations.
Colorado now accepts digital asset payments for taxes
Gov. Jared Polis made good on his promise earlier this year, announcing on September 19 that Colorado residents can now use PayPal’s digital asset service to pay taxes.