Spain to send more than 300,000 tax notices to digital asset holders
Spain’s taxman has increased the notices by 40% from last year’s tally as it ramps up its Bitcoin tax scrutiny, and it pledged to send even more notices in 2024.
Spain’s taxman has increased the notices by 40% from last year’s tally as it ramps up its Bitcoin tax scrutiny, and it pledged to send even more notices in 2024.
Bitmain must pay $3.6 million for allegedly failing to pay personal income taxes worth $2.4 million despite notices from the State Taxation Administration in Beijing.
Two rulings by the Supreme Court of Denmark have come to the same conclusion: that the profits of bitcoin sales are taxable and liabilities apply to both speculative traders and miners.
Under the proposed guidance, NFTs are covered by the tax law if they have been identified as a "collectible," which can be an artwork, antique, stamp or coin, or tangible personal property.
Chancellor of the Exchequer Jeremy Hunt revealed while reading the budget that digital assets will now be identified separately in self-assessment tax returns.
Thailand has become a digital asset hub, and in order to promote this growth, the government will waive VAT and corporation taxes for firms issuing investment tokens.
India’s Finance Minister presented the Union Budget for 2023-24, but the question is will the government change its existing taxation policy?
Italy has found a way to cope with existing crises plaguing the country—by enacting a 26% capital gain on digital asset traders, a move that garnered 109-79 votes from lawmakers.
Other information sought by the CBIC includes the transaction fees charged by exchanges and details of other services rendered, like NFTs and lending services.
Rio de Janeiro Mayor Eduardo Paes announced the initiative in March, saying it was the city’s attempt to attract the global digital asset community.
The European resolution calls for a "clear and broadly accepted definition of crypto assets and for a coherent definition of what would constitute a taxable event."
The summons, often referred to as a "John Doe" summons, seeks information on customers of SFOX who may not have reported their digital currency gains on tax returns.