Crypto Tax
Crypto Tax Strategies: How to Minimize Your Tax Bill in 2024
Digital assets witness increased traction as countries offer favorable tax policies for crypto investors. El Salvador and Puerto Rico eliminate capital gains tax on crypto.…
Malaysia Launches ‘Ops Token’ to Combat Crypto Tax Evasion
Malaysia’s Inland Revenue Board (IRB) partnered with law enforcement to investigate tax revenue leakage from crypto transactions. The IRB uncovered significant undeclared cryptocurrency trading data.…
Australian Taxation Office Embarks on Crypto Scrutiny, Targets 1.2 Million Accounts
The ATO is scrutinizing an estimated 1.2 million crypto-related accounts for potential tax discrepancies. With the exercise, the ATO aims to uncover unreported transactions involving…
Bitcoin Jesus Busted: Early Investor Faces $48M Tax Fraud Charges
Early Bitcoin investor "Bitcoin Jesus" arrested in Spain. Faces charges of tax evasion & filing false tax returns. Allegedly owes the IRS at least $48…
Indonesia and Australia Join Forces to Crack Down on Untaxed Crypto
Indonesian and Australian tax authorities sign a new MoU to strengthen crypto taxation. The agreement focuses on enhancing the detection of crypto assets with potential…
Thailand Removes 7% VAT for Crypto Trading to Bolster Digital Economy
Thailand’s Finance Ministry waived the value-added tax on digital asset trading. VAT exemption on crypto was limited to authorized virtual asset exchanges. It has been…
Thailand Crypto Exchanges Getting Ready Ahead of Crypto Taxes Changes
Cryptocurrency exchanges in Thailand alert customers about the tax implications of holding digital assets. Thai tax authorities plan to make changes to crypto taxes in…
South Korea Exempts Self-Custodied Crypto From Overseas Tax Reporting
South Korean tax authorities exclude crypto assets held in cold and non-custodial wallets from overseas financial account reporting. The law introduced in 2023 requires South…
Korean Firm CryptoTax Secures New Funding, Eyes New Collaboration
Korean virtual asset tax and accounting platform CryptoTax achieved a funding triumph in a pre-Series A round. The new funding comes 14 months after securing…
India’s Central Board Of Direct Tax Report ₹700Cr in Tax From Crypto
Indian CBDT Chairperson Nitin Gupta shared that the government has garnered more than ₹700 crore in tax revenue from crypto trading. Back in August, a…
