Taxation Archives

Taxation

13 August, 2022

South Africa’s digital assets taxation regime poses challenges to investors, legal expert says

The South African Revenue Service defines digital assets as all items stored on a distributed ledger on decentralized networks, including...

South Korea’s tax agency vows to tighten digital assets tax evasion loopholes

Business

Wahid Pessarlay

11 August, 2022

South Korea’s tax agency vows to tighten digital assets tax evasion loopholes

The NTS is also looking into individuals using digital assets to evade inheritance and gift taxes, as well as online...

Japan: Lobby groups launch proposal to reform digital assets tax regime

Business

Wahid Pessarlay

10 August, 2022

Japan: Lobby groups launch proposal to reform digital assets tax regime

The lobby groups specifically asked for the practice of taxing unrealized gains to be removed, while a uniform 20% tax...

Philippines finance secretary urges BIR and BoC to embrace digitization

Business

Wahid Pessarlay

3 August, 2022

Philippines finance secretary urges BIR and BoC to embrace digitization

Benjamin Diokno allayed the fears of citizens by stating that there would be no increase in taxes. Rather the agencies...

South Korea halts 20% digital assets gains tax until 2025

Business

Wahid Pessarlay

26 July, 2022

South Korea halts 20% digital assets gains tax until 2025

The regime was initially slated to come into force by October 2021, but lawmakers delayed the plan until January 2022...

India’s economic crime agency questioning digital asset exchanges: report

Business

Steve Kaaru

13 July, 2022

India’s economic crime agency questioning digital asset exchanges: report

The Directorate of Enforcement has been questioning executives at CoinSwitch Kuber, CoinDCX, and WazirX regarding violating foreign exchange regulations.

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Charles Miller

20 Dec 2024

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