IRS Broadens ‘Digital Assets’ Category to Include NFTs

"Virtual currency" is replaced with "digital assets" in the draft instructions for the 2022 tax year.

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Indian Government Clarifies – Crypto Tax Cut To 0.1% Was a ‘Typo’

Crypto-killer taxes in India stays intact after officials acknowledge their mistake.

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Germany To Make Bitcoin and Ethereum Sales Tax-Free After One Year of Hold

Germany’s Federal Finance Ministry (BMF) issued a 24-page document on Tuesday

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Germany to Make Bitcoin and Ethereum Sales Tax-Free After One Year of Holding

Germany’s Federal Finance Ministry (BMF) issued a 24-page document on Tuesday

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Five Key Crypto Tax Tips

 Here are some of the best crypto tax tips to help you put some more money in your pocket.  Covered: Reporting Crypto to the IRS Tax Tips Crypto Havens Reporting Crypto to the IRS It’s important to start off this guide by going over how the IRS treats crypto, at least for US citizens. The […]

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India’s major crypto exchanges are on the DGCI radar for alleged tax evasion

India’s Directorate General of GST Intelligence [DGCI] has raided several crypto exchanges operating in the country after detecting a tax evasion by Binance owned exchange WazirX two days ago. In what could be termed as a not-so-good start at the beginning of the year for the Indian crypto scene, the enforcement agency recovered around $9 […]

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Best Cryptocurrency Tax Software: Complete Guide to the Top Options

The rise of the cryptocurrency industry, alongside the high profits that people can earn through the purchase, trade, and investment of digital currencies have encouraged governments throughout the world to update their taxation policies, in order to take crypto-based profits into account. However, cryptocurrencies are very dynamic, whereas keeping track of all transactions for taxation [...]

The post Best Cryptocurrency Tax Software: Complete Guide to the Top Options appeared first on Blockonomi.

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Koinly Review: Cryptocurrency Tax Software for Automatic Tax Reports

Koinly is an online crypto tax platform that allows you to monitor all your crypto activities and generate regulatory compliant tax reports. Koinly allows you to integrate your wallets and keep track of activities including trading, mining, staking, lending, and airdrops and simplifies the process of recording all the ins and outs. Koinly can be [...]

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Spanish Treasury Requires Investors to Declare Holdings in Cryptos

Investors and other users of bitcoin and other cryptocurrencies in Spain are required to declare their possessions to the Ministry of Finance.

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When Do You Have To Pay Taxes On Crypto? All You Need To Know

Find out when do you have to pay taxes on crypto gains. Discover how do taxes on crypto vary from country to country? Crypto taxes in the USA, China, India, etc.

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India Strategically Reconsiders Crypto Policy Amid U.S. Pro-Crypto Influence

India reconsiders its approach to cryptocurrency regulations as global perspectives shift, particularly influenced by the United States’ growing support for digital assets under Donald Trumps administration.  The increasing global acceptance of digital assets, along with the U.S.s efforts to integrate digital currencies into its financial system, is pushing India to reconsider its rigid approach. With […]

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UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s [...]

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Binance, WazirX among crypto firms evading taxes in India, says govt

India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said.

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Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’

U.S. senators including Elizabeth Warren and Bernie Sanders claimed crypto tax evaders are siphoning off billions from the government.

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Ukraine Government Reveals Crypto Firms Have Cost The Country $81 Million In Lost Taxes

According to data released by the Ukrainian government, cryptocurrency firms offering services in Ukraine have failed to contribute over $81 million in taxes to the country’s budget in the past decade. This comes after the country passed a crypto bill into law in 2022 that amends its tax code to allow the country to generate [...]

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