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Taxation

India clarifies rules for filing controversial 1% TDS for digital assets
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28 June, 2022

India clarifies rules for filing controversial 1% TDS for digital assets

The circular from the CBDT amends the Income Tax rules to specify how firms and individuals should comply with the...
How to file your digital currency taxes in India? Tax expert explains
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17 June, 2022

How to file your digital currency taxes in India? Tax expert explains

According to Archit Gupta, founder and CEO of India-based digital currency tax filing startup Clear, India's tax regime for digital...
Coin Center sues US Treasury and IRS over unconstitutional digital currency tax reporting rule
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14 June, 2022

Coin Center sues US Treasury and IRS over unconstitutional digital currency tax reporting rule

The tax law amendment requires individuals and businesses that receive $10,000 or more in digital currencies to report the sender's...
India’s tax office clarifies website typo, 1% TDS for digital currency transactions stands
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14 June, 2022

India’s tax office clarifies website typo, 1% TDS for digital currency transactions stands

The clarification came after some observers noted that the TDS rate on the Income Tax Office's website was changed to...
Thailand scraps VAT for digital currency transfers until 2024
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1 June, 2022

Thailand scraps VAT for digital currency transfers until 2024

Authorities in Thailand have formally introduced a seven percent value-added tax exemption for transfers of digital currencies made on government-registered...
Brazil’s regulator now requires tax payments on digital currency transactions
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31 May, 2022

Brazil’s regulator now requires tax payments on digital currency transactions

The law specifies that any profit made from the transaction is taxable even when digital currency transactions do not involve...
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