Tag: Tax

Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits

Several blockchain institutions in South Korea are pushing against a government strategy they dread will stifle business creation. The groups are objecting to some proposal aired by South Korea’s Ministry of both SMEs and Startups on Monday to a change to the nation’s existing enterprise business law that could, if enacted, exclude cryptocurrency exchanges from the […]

Read More

New Bill Proposes 5% Tax on Crypto Incomes in Ukraine

Economy & Regulation A draft legislation prepared by deputies and agents of the sector intends to introduce mild taxation of crypto incomes in Ukraine. Businesses and people will be asked to pay 5 percent on their gains from mining and trading cryptocurrencies when traded to fiat. Add to the compulsory ‘military charge’ of 1.5percent Ukrainians […]

Read More

South Korea Plans Tax Perks for Blockchain Startups

The South Korean government has announced a plan to revise the present taxation rules to extend benefits for businesses which concentrate on the maturation of nascent technology, such as blockchain, as a portion of the nation’s push for innovation development. Announced Wednesday, following a meeting of ministers from eight government agencies focusing on monetary policy, taxation […]

Read More

Japan Tax Agency Says Individuals Earning $1,800+ in Crypto a Year Will Declare Tax

News The Japanese NTA (Tax Agency) has announced a new strategic policy set in place by July 15th to market and enhance the environment for individuals and businesses to declare their digital money income tax returns. NTA into Devise Simplified and Automated Tax Return Filing Method Together together with all the Financial Service Agency and […]

Read More

ATO to Target Crypto Traders Using International Data Agreements

Regulation Australia’s financial media is anticipating the Australian Taxation Office (ATO) can have a tough position on cryptocurrency investors this tax year, together with all the ATO recently reverted to leverage global data-matching agreements so as to monitor the taxation duties of Australian cryptocurrency traders. ATO into Leverage International Data-Matching Agreements into Target Crypto Traders […]

Read More

Thailand Officially Announces Rules for Token Issuers, Portals, and Investors

Economy & Regulation The Thai Securities and Exchange Commission (SEC) has formally declared its regulations for first coin offerings (ICOs). The rules define prerequisites for ICO portal sites, issuers, and who can put money into tokens. The Commission has also supplied a collection of infographics to describe regulations. The Thai SEC formally declared Wednesday the […]

Read More

International Task Force Notes Use of Cryptocurrencies in Financial Crime

The Internal Revenue Service (IRS) declared Monday a new joint drive of taxation enforcement authorities will fight international and multinational tax offenses – such as cybercrimes eased through cryptocurrencies. Tax enforcement agencies in the U.K., Australia, Canada along with also the Netherlands will combine the IRS in forming the Joint Chiefs of Global Tax Enforcement (J5) […]

Read More