Crypto Tax
Indonesia’s Crypto Market Adapts as INDODAX Adjusts VAT Rates
INDODAX, Indonesia’s largest cryptocurrency exchange, has adjusted its Value Added Tax (VAT) rates. This change aligns with Indonesia’s updated tax policies, specifically PMK No. 131 of 2024 and PMK No....
Ripple CTO Differentiates Crypto Staking from Traditional Income Amid IRS Tax Ruling
Ripple CTO David Schwartz has weighed in on the growing debate over crypto staking and taxation following the U.S. Internal Revenue Service (IRS) ruling that staking rewards are taxable upon...
Crypto Tax Delayed as South Korea Pushes Pro-Investment Reforms
South Korea’s National Assembly will likely approve significant tax law changes during its plenary session on December 10. The proposed amendments include abolishing the financial investment income tax and also...
South Korea’s Financial Overhaul Includes Ending Capital Gains Tax
South Korea’s Democratic Party of Korea (DPK) is moving to abolish the capital gains tax on financial investments, with a decision expected during the National Assembly’s final regular session on...
South Korea’s Crypto Tax Reform Stalls as Parties Debate Timelines
South Korea’s proposed tax regime for crypto-related ventures met a bottleneck when the country’s National Assembly’s Strategy and Finance Committee failed to convene its plenary session. The legislators could not...
Crypto Tax Breaks: Hong Kong’s New Plan to Rival Global Investment Hubs
Hong Kong has publicized plans to widen its tax-exemption net to include hedge funds and high-net-worth individuals. In a recent proposal, the Hong Kong government said the new plan would...
South Korea Debates Crypto Tax Bill Today: What to Know
South Korea’s National Assembly will discuss the crypto taxation bill today, November 25, at 14:00 KST, during a session of the tax subcommittee. Representatives from both ruling and opposition parties...
South Korea Confirms Crypto Tax in 2025 With Revised 20% Scheme
Jin Sung-joon, Chairman of the Korean Democratic Party’s policy committee, has confirmed that crypto taxation will begin in January 2025. Addressing concerns about technical and practical challenges during an interview...
Australia to Adopt OECD Crypto Reporting Model for Tax Transparency
The Australian Treasury has released a consultation paper addressing plans to enhance tax transparency by adopting the Crypto Asset Reporting Framework (CARF). Developed by the Organization for Economic Cooperation and...
Crypto Tax Evaders Face Crackdown in South Korea
South Korea is cracking down on those using cryptocurrencies to evade taxes as the country prepares to implement a new 20% tax on crypto gains. This move by the National...
South Korean City Seizes and Sells Crypto for Unpaid Taxes
Paju City, in South Korea’s Gyeonggi Province, has announced its first-ever plan to sell cryptocurrencies held by local tax defaulters. This marks a significant step for local governments nationwide, highlighting...
South Korea Debates Raising Crypto Tax Exemption to $35,900
In South Korea, a significant development is brewing as the opposition Democratic Party of Korea (DPK) proposes raising the crypto tax exemption to 50 million won (approximately $35,900). The move...
Russia’s New Crypto Tax: 15% on Trading and Mining Income
Russia amended its crypto tax legislation, proposing a 15% tax on income from crypto asset trading and mining. This aligns with the government’s efforts to establish a balanced taxation policy...
South Korea’s Crypto Tax Decision Postponed, Uncertainty Looms
South Korea’s parliament has decided to postpone its decision on crypto asset taxation with key issues like tax scope and exemptions. In the meeting held on Nov 19, the committee...
Bitcoin Taxes Around the World: Where to Pay Zero Tax
Recent data shows that tax policies on Bitcoin sales after a one-year holding period vary significantly worldwide. Germany and El Salvador have zero tax, while Japan has a 45% tax....
UK Crypto Community at Risk as Potential Capital Gains Tax Hike Looms
A potential hike in the UK’s capital gains tax rate could negatively impact Britain’s strong five million crypto community. Policy advisor Suzanne Morsfield from CryptoUK expressed concern that raising capital...
Denmark to Become First Country to Tax Unrealized Crypto Gains
Denmark will become the first country to tax inactive gains from crypto investments. Starting 2026, Danish crypto investors may face a tax rate of up to 42% on unused capital...
Crypto Tax Comparison: Japan vs. United States
Japan and the United States have very different ways of taxing cryptocurrency. This article breaks down those differences, comparing tax rates, taxable events, and how each country classifies cryptocurrencies. Japan’s...
Japan Could Ease Crypto Taxes and Allow Token ETFs
Japan will reevaluate its cryptocurrency regulations, potentially easing taxes on digital assets and opening the door for domestic investment funds focused on tokens. According to a Bloomberg report, the Financial...
Crypto Now Safer in South Korea Thanks to This New Foundation
South Korea’s Financial Services Commission (FSC) has given the green light to a foundation designed to protect users’ crypto assets. The Digital Asset Protection Foundation will safeguard assets in the...
Interest Rate Cut vs. Inflation: The Fed’s Dilemma and Crypto’s Future
The U.S. Federal Open Market Committee (FOMC) is set to meet on September 17-18, and analysts are anticipating an interest rate cut. The CME FedWatch tool currently predicts a 31%...
Unrealized Gains Tax: How Harris’s Plan Could Hit Crypto Wallets
Kamala Harris, the current vice president of the United States and the Democratic candidate for the 2024 presidential election, faced criticism over her plans to tax unrealized capital gains. CNBC’s...
Nigeria Crypto Tax: New Regulations Coming in 2024
Nigeria’s Federal Inland Revenue Service (FIRS) is proposing new crypto regulations, aiming to streamline tax rules and tackle potential risks in the rapidly growing crypto market. The agency is seeking...
Mastering Crypto Taxes: A U.S. Taxpayer’s In-Depth Guide
Cryptocurrencies have gained increasing acceptance and use across the world. Their decentralized nature and “enclosed” ecosystem initially made it difficult to integrate crypto transactions into the mainstream. Such complications led...
From Tax Breaks to B2GC: How Thailand is Becoming a Crypto Hub
A crypto revolution is underway in Thailand, bolstered by the country’s strategic location in Southeast Asia, which makes it an appealing destination for crypto companies and investors. Beyond Thailand’s geographical...
