Crypto Tax

The Indian government has failed to mention cryptocurrencies in the Union Budget 2024-25, leaving the crypto community in the country uncertain about the future of digital assets.  Today, July 23,...

Argentina, a haven for cryptocurrency transactions with over $85.4 billion in activity last year, is introducing a new regulatory framework aimed at both encouraging compliance and curbing illicit activities. The...

Digital assets witness increased traction as countries offer favorable tax policies for crypto investors. With the surge in global crypto adoption and the recent approval of spot Bitcoin ETFs, tax...

Malaysian authorities have launched a crackdown on cryptocurrency-related tax evasion, conducting a nationwide operation to uncover undeclared income from digital asset transactions. The security sweep, code-named Ops Token, involved 38...

The Australian Taxation Office (ATO) is scrutinizing an estimated 1.2 million crypto-related accounts for potential tax discrepancies. According to reports, this action comes amid increasing crypto awareness in the country,...

On April 30, 2024 the federal grand jury indicted Roger Ver, an early investor in Bitcoin and known as “Bitcoin Jesus,” on charges of mail fraud and tax evasion Ver...

Indonesian and Australian tax authorities have signed a new Memorandum of Understanding (MoU) to strengthen cooperation in crypto taxation. The MoU was specifically signed by the Indonesian Directorate General of...

The Finance Ministry of Thailand has unveiled pivotal tax reforms to position Thailand as a leading digital asset hub. According to a local report, the country has waived its 7%...

Cryptocurrency exchanges in Thailand started informing customers about tax implications that may arise from their cryptocurrency trading activities in the country.  This development follows a slew of recent tax policies...

Tax authorities in South Korea have excluded crypto assets stored in non-custodial and decentralized wallets from overseas financial account reporting, according to Korean crypto news outlet Digital Asset. The update...

According to a local Korean media outlet, CryptoTax, the virtual asset tax and accounting platform operated by Korean firm Double Xsoft, has successfully secured funding in a pre-Series A investment...

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 network linked with Parimatch was...

City authorities in Cheongju, South Korea are gearing up to take decisive action against local tax evaders involved in the cryptocurrency space, as reported on August 22 by local news...

Japan’s National Tax Agency has recently issued a notice outlining revisions to the corporate tax rules for cryptocurrencies. This move signifies a positive step towards enhancing the business environment and...

MetaMask policy stirs the crypto community as it sparks fears for decentralization. MetaMask stated that it reserves the right to withhold taxes where required. A TEDx speaker argued MetaMask included...

Influencer CryptoWendyO disputes the US government’s claims of crypto tax loopholes. The crypto enthusiast cited no clear regulatory definition of crypto yet. US President has called for Congress to close...

The Indian government introduced a Financial Act that would charge a 30% flat rate on income from Virtual Digital Assets (VDAs) transfers in 2022. This new law will reflect in...

Crypto journalist Laura Shin hosted the latest episode of her podcast ‘Unchained’ with tax experts Lawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at...

The Indian Central Board of Indirect Taxes and Customs (CBIC) is yet to conclude how to classify certain areas of crypto transactions. These are areas not mainly involved with the...

A report released by Recap, a crypto tax software, and portfolio tracking company, ranked Dubai as the second most crypto-ready city in the world on account of its zero percent...

Following reports from last week that China has implemented a tax on cryptocurrency transactions, Justin Sun, crypto entrepreneur and founder of the Tron cryptocurrency, said, “This signals the country’s increasing...

Nearly 4000 persons get instructions to update their tax affidavits to reflect crypto ownership. The authority evaluated the unreported revenue from defaulters to be over $1 billion. AFIP tracked investors...

South Korean authorities seize cryptocurrencies worth $184 million as tax debts. The seizures were executed over a time span of 2 years. Almost a third of the total cryptocurrency was...