Crypto Tax

India to Consider Levying 28% Tax on Crypto Transaction
Crypto Tax

India to Consider Levying 28% Tax on Crypto Transaction

Through the Goods and Services Tax (GST) body, India is mulling the idea of levying a 28% tax on transactions bordering on digital currencies in the Asian nation.

South Korea Plans to Postpone Cryptocurrency Tax Rule to January 2022
Crypto Tax

South Korea Plans to Postpone Cryptocurrency Tax Rule to January 2022

South Korea is planning to delay the implementation of its crypto income tax rules to January 2022, extending it from its previous time frame of October 2021.

IRS Updates 1040 Income Tax Form, Lays Traps for Crypto Tax Cheats
Crypto Tax

IRS Updates 1040 Income Tax Form, Lays Traps for Crypto Tax Cheats

The IRS plans to update the 1040 income tax form for 2020 to make it more difficult for taxpayers to avoid declaring their crypto assets.

EY Launches Crypto Tax Reporting App to Assist Businesses with US Tax Filings
Crypto Tax

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.

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