Crypto Tax
Ripple CTO Differentiates Crypto Staking from Traditional Income Amid IRS Tax Ruling
The IRS confirms staking rewards are taxable upon receipt, sparking debate within the crypto industry. David Schwartz asserts that crypto staking involves creating new assets,…
Crypto Tax Delayed as South Korea Pushes Pro-Investment Reforms
Tax Reforms to Boost Market Growth and Delay Crypto Taxation in South Korea Budget Challenges and K-Chips Act Highlight Fiscal Priorities in Tax Revisions Bipartisan…
South Korea’s Financial Overhaul Includes Ending Capital Gains Tax
South Korea to address the abolition of capital gains tax on Dec. 10. The Financial Supervisory Service backs policies for capital market growth. DPK prioritizes…
South Korea’s Crypto Tax Reform Stalls as Parties Debate Timelines
South Korea’s proposed tax regime for crypto-related ventures met a bottleneck. The ruling party and the opposition disagree on 11 non-contentious tax bills. South Korea…
Crypto Tax Breaks: Hong Kong’s New Plan to Rival Global Investment Hubs
Hong Kong has publicized plans to widen its tax-exemption net. The recent proposal highlights Hong Kong’s intention to attract more business. Hong Kong aims to…
South Korea Debates Crypto Tax Bill Today: What to Know
South Korea is set to discuss the potential implications of the crypto taxation bill in a meeting today. The bill, set to be implemented in…
South Korea Confirms Crypto Tax in 2025 With Revised 20% Scheme
The South Korean Democratic Party confirms its decision to implement a crypto tax by January 2025. Democratic Party’s policy committee Chairman, Jin Sung-joon, dismisses concerns…
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…
