Tax News
Indian Crypto Companies Flock to Dubai to Escape Overbearing Laws at Home
Indian crypto companies are increasingly relocating to Dubai, spurred by the United Arab Emirates’ (UAE) welcoming regulatory environment....
New Crypto Tax Duty Demands Vigilance from US Citizens
United States citizens holding cryptocurrency face a new obligation that demands awareness to avoid potential serious consequences. “The a...
Japan Grants Tax Relief to Companies Holding Cryptocurrency
The Japanese government has given its approval to revised taxation laws that provide favorable conditions for companies holding cryptocurren...
Grayscale mulls over potential tax implications for spot Bitcoin ETFs
Grayscale is evaluating the possible tax consequences associated with spot Bitcoin BTC $42,882 exchange-trade funds (ETF), prompted by inacc...
Brazil signs its overseas crypto tax bill into law
The President of Brazil, Luis Inácio Lula da Silva, has signed a law introducing the taxation of crypto assets held abroad by the country&#...
IRS tax bill will swipe creditors of any ‘meaningful recovery,’ says FTX
A proposed $24 billion tax bill from the United State IRS will likely suck up any “meaningful recovery” that was meant for victims of FT...
IRS Criminal Investigation Unit Says Crypto Tax Investigations Surged in 2023
The U.S. Internal Revenue Service’s (IRS) criminal investigation unit says crypto tax investigations are on the rise. The unit notes in a ...
Swiss City Lugano Embraces Crypto Future: Bitcoin and Tether Now Accepted for Tax Payments
The city of Lugano, Switzerland, has boldly stepped into the future of finance by adopting digital currencies for municipal transactions. Th...
Bitcoin Surges on Imminent ETF Hopes. BTCETF Token Presale Raises $2.5 Million
The crypto markets have seen renewed optimism in recent days, with Bitcoin (BTC) surging past the $40,000 level once again. Much of this pos...
Swiss city Lugano accepts Bitcoin and Tether for municipal taxes
by enabling citizens and companies to pay for municipal services and taxes with cryptocurrency. The city of Lugano officially announced on D...
Kenyan crypto tax bill makes it through Parliamentary Committee
A bill defining crypto assets as securities and featuring the capital gains tax on them made it through the Parliamentary Committee. It will...
IRS team reports rise in crypto tax investigations
The Criminal Investigation (CI) Unit of the United Internal Revenue Service (IRS) reported an increase in the number of investigations aroun...