Singapore regulator exempts airdrops, hard fork ‘windfalls’ from tax
New framework introduced by Singapore’s tax authority lists an exemption in tax requirements for digital currency-based airdrops.
Latest taxes News
New Zealand contemplates not charging GST on crypto transactions
A change in the tax rules could avoid double taxation currently found with some crypto activity.
US Congress seeks answers on taxing crypto forks, airdrops
Eight congressmen want the IRS to start providing clarity, and leniency, on crypto answers that they haven’t fully addressed yet.
Weekly update: Important developments in cryptocurrency space Nov 23, 2019
The next six months are going to see a flurry of activity and this past week has continued to help refine the forward progress the industry is making.
IRS rejects ‘surveillance conspiracy’ as it demands Coinbase turn over user records
The Internal Revenue Service has ordered California-based cryptocurrency exchange Coinbase to turn over records about one of its users.
US crypto tax bill would give holders a little relief
IRS has already started going after crypto holders in an effort to get them to pay up, but a bill submitted to the House of Representatives could limit how much they could collect.
Dr. Craig Wright weighs in on taxing cryptocurrencies
Dr. Craig stated that Bitcoin was never designed to circumvent legal financial obligations but to work within the system and function, in many ways, as a currency.
Own cryptocurrencies? Be prepared for the taxman cometh
Australia and several other major companies are making moves to get their cut of cryptocurrency profits.
Canada sends out crypto questionnaire to find money laundering
: The Canada Revenue Agency have sent out a 13 page questionnaire, hoping to find out more about Canadian crypto investors, and what money they may be hiding.
California proposes cannabis-related businesses to pay tax in crypto
To help cannabis companies with their banking problems, California has proposed allowing them pay taxes with crypto.
China’s Guangdong gets blockchain-based tax invoice for e-commerce
The Guangdong Municipal Taxation Bureau announced its intents to implement an electronic invoice platform for the e-commerce industry based on the blockchain.
Venezuela’s Petro just got even more ridiculous
Although the Petro still has no clear definition, users of the crypto are going to have to dig deeper into their digital wallets, as the country is imposing a significant tax on all transactions.