Search Results for "tax reporting requirements"
US Congress Reveals most Countries Fail to Tax Staked Crypto, Will This be Resolved as Ethereum Launches Staking?
Taxation for cryptocurrencies differ from one country to another and most have yet to provide clear guidelines on how to tax staked crypto.
IRS Sends Warning Letters to Prevent Crypto Owners from Evading Tax
The Internal Revenue Service began sending warning letters out to cryptocurrency owners in the United States, announcing that taxpayers should be paying back taxes they owe or to file amended tax returns in regards to their cryptocurrency holdings.
South Korean Investors Making more than $2,260 from Crypto to be Slapped with a 20% Tax in 2022
The South Korean Ministry of Economy and Finance has announced that investors making at least 2.5 million won, or approximately US$2,260 from crypto trading, will be subjected to a 20% tax from 2022.
Offshore Tax Invasion Continues to be Investigated by OECD
The Organization for Economic Co-operation and Development (OECD) thinks that cryptocurrency might be the solution in preventing large scale tax evasion activities that are ongoing all over the world.
Exclusive: Is the Hedera Hashgraph Powered Data Visualization Tool the Antidote to Censored Coronavirus Reporting?
Is the Hedera Hashgraph powered data visualization tool the antidote to censored coronavirus reporting? Mance Harmon, CEO, Hedera HashGraph tells Blockchain.News how the HashLog leveraging their decentralized tracker was able to be deployed so quickly to combat the overwhelming volume of misinformation surrounding the outbreak.
Blockchain: Emergence of a New Breed of Tax Professionals in the Digital VAT World
Governments around the world are seeking new sources of revenue, and value-added tax (VAT) is the key revenue driver and the largest contribution to governmental budgets. Each year billions of dollars are lost in tax revenue due to non-compliance, evasion, fraud, and non-collection.
PwC Expert's Take: What Are the 3 Grey Areas to Crypto Taxation in Hong Kong?
The Inland Revenue Department (IRD) of Hong Kong took a step further to provide clarity in taxing digital assets. In the recent press release titled “LCQ20: Regulation of virtual asset investment activities”, James Lau, the Secretary for Financial Services and the Treasury answered the queries raised by the Hon Wu Chi-wai on taxation of virtual assets, tax evasion of virtual asset-related business and latest effort to regulate virtual assets by the Hong Kong Securities and Futures Commission (SFC).
US Treasury Official says IRS is Assessing Models for Crypto Tax Reporting Rules
The IRS is developing domestic reporting rules for cryptocurrency taxation and assessing different models, according to a Treasury Department official at an OECD event.
Can Jack Ma's ANT Group meet China's Regulators Requirements?
Following the suspension of its IPO, whether Ant Group will manage to restructure itself, to meet China's new tightened regulatory requirements still remains anyone’s guess.
EY Launches Crypto Tax Reporting App to Assist Businesses with US Tax Filings
Ernst & Young (EY) is launching a crypto Software as a Service (SaaS) to offer step-by-step guidance that assists with US cryptocurrency tax filings.
John McAfee Indicted for Tax Evasion and for Fraudulently Promoting ICOs Through Twitter
The DOJ is charging John McAfee with tax evasion and failure to file tax returns, according to an unsealed indictment that was revealed yesterday.