taxes | ForkLog

ForkLog 8 09.05.2022

Media reports: India proposes higher tax on cryptocurrency transactions

In India, authorities intend to increase the tax burden on the cryptocurrency sector, according to CNBC-TV18, citing a source.

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ForkLog 7 18.04.2022

Taxes on digital assets in Russia: what owners and token issuers would be required to pay

For ForkLog, lawyers examined the requirements the Russian authorities are imposing on digital asset holders.

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ForkLog 6 15.04.2022

Expert: Tax bill on digital assets does not affect Russia’s cryptocurrency market

The bill submitted to the State Duma on taxing digital asset transactions will not affect cryptocurrency holders. ForkLog said GMT Legal managing partner Andrey Tugarin.

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ForkLog 14 15.04.2022

Bill on taxes for digital assets submitted to the State Duma

On 14 April the government submitted to the State Duma a bill on taxes on transactions with digital assets.

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ForkLog 59 07.04.2022

LocalBitcoins handed data on more than 100,000 Russian users to tax authorities

The Russian tax service received information on more than 100,000 LocalBitcoins users for 2021.

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ForkLog 10 07.04.2022

State Duma signals possible passage of cryptocurrency taxation bill in spring session

The bill amending the Tax Code to tax cryptocurrency transactions is planned to be passed by the end of the State Duma's spring session. This was reported by Anatoly Aksakov, head of the Financial Market Committee.

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ForkLog 7 04.04.2022

Indonesia to Impose VAT and Income Tax on Cryptocurrency Transactions

From May 1, Indonesia will begin collecting value-added tax (VAT) on crypto-asset transactions and income tax on capital gains from such investments. In both cases, the rate will be 0.1%, according to a representative of the country’s Tax Service in an interview with Reuters.

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ForkLog 14 29.03.2022

US Treasury proposes extending foreign-account reporting to crypto assets above $50,000

The US Treasury has proposed extending to cryptocurrencies the requirement to report to the Internal Revenue Service the existence of overseas accounts with assets above $50,000.

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ForkLog 9 29.03.2022

White House forecasts an additional $11 billion in crypto tax revenues

The US budget is set to receive an additional $11 billion through 2032 as a result of expanded reporting requirements for digital assets. These calculations are in the proposal.

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ForkLog 9 28.03.2022

Indian authorities uncover tax evasion by 11 crypto exchanges totaling $12.6m

Eleven leading Indian bitcoin exchanges, including CoinDCX and CoinSwitch, evaded sales tax and owe ₹95.86 crore (~$12.58m). The matter was disclosed in a letter to the upper house of Parliament by Finance Minister Pankaj Chaudhary, as reported by Newsroom Post.

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ForkLog 13 27.03.2022

Rio de Janeiro authorities to allow paying property tax in bitcoin

In 2023, the Rio de Janeiro administration will amend the legislation to allow paying property tax with bitcoin. This was announced by Chicão Bulhões, head of the city's Department of Economic Development and Innovation.

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ForkLog 11 25.03.2022

Indian Parliament passes law taxing cryptocurrency transactions

The Lok Sabha, the lower house of India's Parliament, approved the Finance Act with contentious amendments relating to the taxation of digital assets. The new rules will come into effect on 1 April 2022.

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