Filipino Crypto Community Reacts to Proposed Taxing of Foreign Exchanges

The Filipino crypto community opposes taxing foreign and unlicensed exchanges, questioning the rationale behind taxation without regulatory support.

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House Resolution Seeks to Tax Foreign Crypto Exchanges in PH | Key Points | Sept. 26, 2024

Filipino representative wants the government to look at taxing overseas crypto exchanges.

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Ride-hailing app Tada integrates TON crypto payments for Singapore rides

TON executive Harvey Kim told Cointelegraph that a new ride-hailing Telegram Mini App will accept Toncoin and USDT on TON.

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Indias crypto future hinges on govt consultation paper

Indias Department of Economic Affairs consultation paper is expected to be a watershed moment for crypto regulation in the country, potentially setting the stage for future legislation.

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Nigerian lawmakers eye economic boost through crypto taxation

The Nigerian Federal Inland Revenue Service (FIRS) plans to introduce legislation to tax the growing crypto sector, according to local media outlet Business Day. FIRS Executive Chairman Zacch Adedeji announced this during a session with the National Assembly’s Finance Committees, highlighting that the new regulation would drive economic growth while encouraging innovation. Adedeji emphasized that […]

The post Nigerian lawmakers eye economic boost through crypto taxation appeared first on CryptoSlate.

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Indian finance minister ignores crypto industrys budget tax plea

Local crypto businesses pushed for a reduction in the 1% TDS to 0.01% to revive its customer base.

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Greek govt to impose crypto taxes starting 2025

Currently, gains on crypto profits are going untaxed and unrecognized by the Greek government but not for long as regulators are seeking new taxes on the industry early next year.

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South Koreas ruling party proposes delaying crypto tax to 2028

If the new proposal is approved, implementing the countrys crypto gains tax will be delayed by nearly seven years from its original schedule.

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South Korea moves to delay crypto tax until 2028 amid market concerns

South Korean lawmakers have proposed a bill to delay the implementation of crypto gain tax until 2028. The ruling political party proposed the bill on July 12, citing the current negative sentiments around the crypto industry as the reason for the extension. They stated: “With investment sentiment toward virtual assets deteriorating, some argue that hasty […]

The post South Korea moves to delay crypto tax until 2028 amid market concerns appeared first on CryptoSlate.

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IRS reveals final regulations for crypto broker rules

The Internal Revenue Service did not include decentralized exchanges or self-custodial wallets under its broker reporting requirements.

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Turkey targets crypto with new 0.03% transaction tax

Turkey introduced a 0.03% tax on crypto transactions as part of a major fiscal reform to address the budget deficit caused by recent earthquakes.

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Australian Tax Office seeks data from 1.2M crypto exchange users: Report

The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office.

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Swiss Spar Accepts Crypto, Metaplanet Buys $28M BTC &Slovenia Tax

Latest crypto news: Metaplanet adds 330 BTC worth $28M, Swiss Spar supermarket accepts Bitcoin payments, and Slovenia plans 25% crypto tax starting 2026.

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Slovenia Moves to Impose 25% Crypto Tax On Sales Profits, Effective 2026

Slovenia’s Finance Ministry has proposed a 25% tax on crypto profits such as  capital gains crypto sales. The proposal, which is has been opened for public participation, seeks to balance crypto taxation and capital investment taxes. The proposed legislation imposes a tax on crypto-to-fiat conversions or when individuals use crypto to pay for goods and […]

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Slovenia Eyes 25% Tax on Crypto Gains, Stirring Debate

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IRS Expects Surge in Crypto Tax Crime Cases as Tax Season Concludes

The US Internal Revenue Service (IRS) is bracing for an increase in crypto tax crime cases as taxpayers file their returns on April 15. IRS criminal investigation chief Guy Ficco predicts a rise in charged Title 26 crypto cases this year and beyond. While crypto has been associated with various financial crimes in the past, Ficco anticipates a surge in "pure crypto tax crimes" in the future. (Read More)

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Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System

An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and discourage taxpayers from holding and using cryptocurrencies. Japan Government Asked to Amend Tax Laws for Crypto Gains [...]

The post Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System appeared first on Crypto Breaking News.

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CoinLedger Automatic Tax Reporting Now Live on Cardano (ADA)

Tax software platform CoinLedger unlocks convenient tax reporting on Cardano.

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Biden Pledges to Eliminate Tax Loopholes for Crypto Traders — Vows to Make US Tax System Fair

U.S. President Joe Biden has promised to make the federal tax system fair by eliminating loopholes for crypto traders and hedge fund managers. He aims to “achieve tax code fairness” by “ensuring that the burden is shared by the wealthy, super-wealthy, and large corporations while safeguarding the middle class from any tax increases.” Biden Wants [...]

The post Biden Pledges to Eliminate Tax Loopholes for Crypto Traders — Vows to Make US Tax System Fair appeared first on Crypto Breaking News.

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Nigerias New Tax Rules on Crypto May Not Bring In Expected Revenue

Due to Economic struggles, Nigeria plans to tax cryptocurrency transactions to gain revenue from the growing digital market. The Securities and Exchange Commission (SEC) is updating rules to support this new tax system. In February, news spread that Nigeria plans to change its digital asset rules to tax cryptocurrency trades, in hopes that it would […]

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