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