New Crypto Reporting Rules: The $10,000 Question
The Internal Revenue Service (IRS) has recently introduced new cryptocurrency regulations that require both individuals and businesses in the United States to report any crypto payments received that are valued over $10,000. This regulation requires filling out Forms 8300 or IRC
Former Thai SEC Chief Addresses Proposed Crypto Taxation
The former deputy secretary-general of the Thailand Security and Exchange Commission (SEC), Tipsuda Thavaramara, has addressed the issue surrounding cryptocurrency transactions in the country. Thavaramara noted that while the move to collect taxes from the cryptocurrency sector was good, several issues
Indonesia Planning To Tax Crypto Returns
Indonesia plans on introducing a new crypto law that will start taxing profits realized from crypto trades. However, the law is yet to be implemented. Indonesia is the largest economy in the Southeast Asia region. The country recently announced that plans
Proposed Capital Gain Tax In U.K. Could Affect Crypto Holders
Cryptocurrency holders and the crypto community in the UK are seriously monitoring the developments regarding a possible increase on capital gains. The proposed tax hike is expected to be deliberated by Rishi Sunak, the U.K.’s Chancellor of the Exchequer. Although Sunak
India Plans To Impose 18% Tax On Bitcoin Transactions
Cryptocurrency traders and investors in India may soon be obligated to pay 18% tax from their crypto transactions and investment, according to the Times of India. In a bid to increase its revenue generation, the Indian government wants to impose the
TokenTax Offering Support For Uniswap V2
If you live in the U.S. cryptocurrency taxes can be confusing to say the least… and frankly, not paying your taxes is just not an option. Given this need, there are several different companies that have sprung up to help fill