Crypto Tax
Australia to Adopt OECD Crypto Reporting Model for Tax Transparency
The Australian Treasury releases a consultation paper on the adoption of the CARF. The CARF, developed by the OECD, enables authorities to collect and share…
Crypto Tax Evaders Face Crackdown in South Korea
South Korea’s NTS finds that cryptocurrencies are used for tax evasion and dodging tax liabilities. The NTS filed a lawsuit against an individual who illegally…
South Korean City Seizes and Sells Crypto for Unpaid Taxes
Paju City in South Korea will sell cryptocurrencies seized from local tax defaulters. The seized assets, valued at around ₩50 million ($37,000), will be liquidated…
South Korea Debates Raising Crypto Tax Exemption to $35,900
South Korea’s DPK has proposed raising crypto tax exemption levels. The opposition party proposed raising the exemption to $35,900. Currently, the crypto tax exemptions stand…
Russia’s New Crypto Tax: 15% on Trading and Mining Income
Russia proposes a 15% tax on crypto trading and mining income to boost revenue and ensure balance. New regulations require mining operators to report user…
South Korea’s Crypto Tax Decision Postponed, Uncertainty Looms
South Korea delays decision on virtual asset taxation after a tax subcommittee meeting. Key issues include tax deferrals, reporting obligations, and exemption amounts. Ruling and…
Bitcoin Taxes Around the World: Where to Pay Zero Tax
Countries like Germany and El Salvador impose a 0% capital gains tax on Bitcoin held for over a year to attract investors. Japan leads with…
UK Crypto Community at Risk as Potential Capital Gains Tax Hike Looms
Crypto holders in the UK may face increased tax rates. UK capital gains tax on crypto mirrors stock taxation rates. Cryptocurrency holders can't use ISAs…
Denmark to Become First Country to Tax Unrealized Crypto Gains
Denmark to introduce a 42% tax on unused crypto gains, starting as early as 2026. The Danish tax will apply additionally to all crypto assets…
Crypto Tax Comparison: Japan vs. United States
Japan taxes cryptocurrency as income with rates up to 55%, including an inhabitant tax. The US taxes crypto as property, applying capital gains rates based…
