Tax
Australia Tax Office Says Crypto Under Focus This Tax Season
The Australian Taxation Office (ATO) has highlighted four major problem areas it wants to focus on this taxation season, and digital currencies are prominently featured.
Indonesia Officially Imposes 0.1% Tax and VAT on Crypto Income and Purchases
According to CNN Indonesia, Hestu Yoga Saksama, director of tax regulations at the Ministry of Finance, has confirmed that the government has decided to impose a 0.1% tax charge
White House Expects to Raise over $10b in Revenue under New Crypto Tax Rules
The White House would bring in significantly more revenue over the next decade if the Biden Administration’s budget plan approved to ramp up the national budget.
Portsmouth City Now Opens to Pay Taxes in Crypto
England’s Portsmouth has announced that its residents can now pay their taxes and other fees in Bitcoin and other cryptocurrencies supported on the Paypal app.
OECD Calls for Public Comments on Impacts of Crypto Tax Reporting
The Organisation for Economic Cooperation and Development has called for additional requirements to the current model for which cryptocurrency-focused transactions are reported to the appropriate tax authorities.
Reserve Bank of India Advocates for Crypto Ban
The Reserve Bank of India (RBI) has advocated for a blanket ban to be imposed on the digital currency ecosystem as the central bank believes this nascent asset class poses a threat to the rise of the country as a global power.
Colorado State to Permit Payment of Taxes in Crypto this Summer
Colorado Governor Jared Polis has revealed that the state plans to let its residents pay their taxes in digital currencies as early as this summer.
Indian FM says Crypto Taxation is "Sovereign Right"
India's Finance Minister Nirmala Sitharaman came out guns blazing to clarify that cryptocurrency taxation is a "sovereign right" and a "corrective action".
Bitcoin family Taihuttus Immigrates to Crypto Tax Haven Portugal
According to CNBC’s February 6 report, “Bitcoin family” Taihuttus immigrated to crypto tax haven Portugal due to a 0% tax on cryptocurrencies.
US IRS to Refund Taxes on Staked Tezos to Tennessee Couple
The United States Internal Revenue Service (IRS) is set to refund a Nashville, Tennessee couple, Joshua and Jessica Jarrett the sum of $3,293 being tax payment on 8,876 Tezos (XTZ) coins earned as staking reward by the duo.