The IRS delayed crypto tax reporting rules to January 2026, allowing brokers time to adapt, sparking mixed reactions in the industry. Brokers must adopt the FIFO method under new rules,…
Browsing: Crypto tax
South Korea has reaffirmed its positive stance on digital assets while delaying crypto tax, despite ongoing political uncertainty following the impeachment of President Yoon Suk-yeol. South Korea is closely monitoring…
Japan plans a 20% flat tax on cryptocurrency gains, simplifying investment and boosting the digital asset market. The economic stimulus package includes tax reforms, higher income thresholds, and investments in…
Paju City in South Korea warns tax defaulters of crypto asset seizures if debts remain unpaid by November. South Korea integrates crypto holdings into legal and financial frameworks, targeting tax…
Kenya’s tax authority collected $77.5M from crypto traders and plans a real-time monitoring system. The KRA aims to curb crypto tax evasion using AI and direct links with exchanges. The…
The Netherlands’ crypto bill aims to enhance transparency by requiring service providers to report user data to tax authorities. The proposed law aligns with the EU’s DAC8 directive, simplifying crypto…
The KRA’s new system will integrate with crypto platforms to track real-time transactions, aiming to curb tax evasion and fraud. Kenya plans to use AI and machine learning to enhance…
Italy’s plan to raise Bitcoin capital gains tax from 26% to 42% could impact the European crypto investment landscape. The proposed tax hike may prompt crypto investors to seek more…
Japan’s FSA is considering a unified 20% tax rate for cryptocurrency transactions to encourage market growth. Japanese firms like Metaplanet are increasing Bitcoin investments, viewing it as a hedge against…
IMF advises Pakistan to expand its tax net to cover cryptocurrencies and real estate gains for increased revenue. Proposed measures include taxing gains from cryptocurrency investments and tightening regulations on…
Coinbase CEO Brian Armstrong and his exchange have raised an alarm on the recent IRS crypto tax proposal deeming it as ‘incomprehensible.’ The IRS has proposed defining crypto brokers and…
US President Joe Biden’s Administration to impose rules to stop tax-loss harvesting in the upcoming budget plan. The budget would also include the doubling of capital gains for some specified…
Some people trade cryptocurrencies to make quick money from the price volatility. But most crypto traders are excited about the future of crypto and DeFi, and hold digital currencies for…
In most jurisdictions all of your income, no matter the source is taxable. This includes of course your earnings from employment, but also any income you make from any properties…
UK crypto tax bills can be expensive, especially if you’ve had several transactions and profits from your cryptocurrencies. But there are some ways to help you lower the taxes you…
The year is coming to an end and the tax season is just around the corner. Even if you like queuing in the UK, you shouldn’t wait too long to…