Tag: taxation
El Salvador Axes Income Tax for Investments From Abroad
The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas.
www.coindesk.com [...]
Javier Milei’s Draft Bill Proposes Incentives for Declaring Domestic, Foreign Crypto Holdings
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Japan Seeks to Promote Web3 by Ending Tax on Unrealized Crypto Asset Gains
Web3 companies have been moving overseas because they became liable for tax even before making profits from their activities, Gaku Saito, chairman of [...]
Turkey mulls addressing licensing and taxation in new crypto rule
Turkey is reportedly considering regulations for its crypto market, focusing on licensing and taxation. The aim is to remove the country from the “gra [...]
IRS 'Raided' by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal
The U.S. Internal Revenue Service (IRS) is gathering the final words now from a crypto sector that is arguing the agency's proposal for a digital-asse [...]
MTN Nigeria faces forex and tax issues
MTN Nigeria's often impressive profit margin is facing threats on two fronts as earnings are hit by a weak naira and a tax demand threatens to r [...]
South Africa Tax Agency Updates Interpretation Note Clarifying Taxation of Foreign Exchange Transactions
The South African Revenue Service July 12 updated Interpretation Note No. 101, clarifying the income tax treatment of gains and losses from foreign ex [...]
U.S. Senate Finance Committee Letter Seeks Crypto Industry Comments for Taxation Policy
"In recent months, the Committee on Finance initiated a bipartisan effort to identify key questions that lie at the intersection of digital assets and [...]
Biden’s policy on crypto taxation undermines his environmental goals
Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal [...]
Kenyan legislation establishes crypto taxation, creates consumer protections
An amendment was introduced to the Kenyan law in capital markets on Nov. 21 that would require those who own or deal in cryptocurrencies to provide th [...]
Music NFTs and Taxes: A Web3 Taxation Guide
Okay, first things first. The basics. Creating (a.k.a. minting) an NFT is not a taxable event. If you create an NFT (a 1:1 or a 10K-strong collection) [...]
What Will It Look Like When Taxation and Privacy Collide?
What Will It Look Like When Taxation and Privacy Collide?
www.coindesk.com [...]
Taxation for Cryptocurrency, NFTs and Other Digital Assets Still in Its Infancy in the US
Various tax positions are being taken and therefore shown to the Internal Revenue Service on tax returns filed over the last few years, an indication [...]
The State of Crypto Taxation in India: Past, Present and Future
Even though the legality of crypto in India is still a matter of debate, new crypto tax laws are already affecting businesses and individuals.
www.co [...]
Taxation is a blunt instrument, IATA chief Willie Walsh says
The aviation industry requires more carrot and less stick going forward to become more sustainable, according to the director general of the Internati [...]