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Taxation

Bitcoin users to pay 30% digital currency tax in India from April 1
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29 March, 2022

Bitcoin users to pay 30% digital currency tax in India from April 1

The Indian Parliament passed the Finance Bill 2022-2023, which confirmed the 30% tax rate on all virtual digital assets (VDAs)...
Thailand scraps 7% digital asset tax for traders in new relaxed tariff laws
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12 March, 2022

Thailand scraps 7% digital asset tax for traders in new relaxed tariff laws

Thai Finance Ministry announced new tax rules that seek to promote digital currency trading, a month after a public outcry...
British taxman seizes 3 NFTs for the first time in tax fraud probe
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16 February, 2022

British taxman seizes 3 NFTs for the first time in tax fraud probe

Her Majesty’s Revenue and Customs (HRMC) also seized $6,700 worth of digital assets and arrested three people alleged to have...
Kazakhstan wants to raise tax on block reward miners by 500%
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15 February, 2022

Kazakhstan wants to raise tax on block reward miners by 500%

The proposal by the Minister of Finance will also see miners pay a monthly tax on their mining rigs, whether...
New US bill aims to make small profits with digital assets tax-exempt
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14 February, 2022

New US bill aims to make small profits with digital assets tax-exempt

A bipartisan group in the U.S. Congress has proposed the "Virtual Currency Tax Fairness Act," which aims to make smaller...
Venezuela to levy 20% tax on digital currency transactions as adoption rises
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11 February, 2022

Venezuela to levy 20% tax on digital currency transactions as adoption rises

To protect the bolivar, the government is reportedly going after digital currency users, imposing a 20% tax on BTC transactions...
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