taxes | ForkLog

ForkLog 6 09.02.2022

RAKIB Proposes Tax Scheme for Cryptocurrencies and Mining

The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (RAKIB) proposed a scheme for taxing cryptocurrencies and miners.

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ForkLog 7 09.02.2022

Saint Petersburg Customs seize undeclared Bitcoin miner

Inspectors at Saint Petersburg customs seized an ASIC miner en route from China to a resident of Veliky Novgorod without import clearance.

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ForkLog 7 08.02.2022

Kazakhstan’s president orders higher taxes on cryptocurrency mining

President of Kazakhstan Kassym-Jomart Tokayev, at a government meeting, ordered higher taxes on cryptocurrency mining and the identification of all mining farms.

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ForkLog 8 07.02.2022

Russian miners divided over State Duma-proposed tax rates

Market participants' views on the proposed tax rates in the State Duma for their activities were divided. Some called them adequate; others believed the rates should be unified.

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ForkLog 22 07.02.2022

Bitcoin-nomad family explains move to Portugal due to tax advantages.

A Dutch family that invested all their assets in Bitcoin shared their impressions of moving to Portugal. The criterion for choosing the country was the tax policy toward cryptocurrencies.

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ForkLog 7 07.02.2022

Taxes on Russia’s cryptocurrency market estimated at up to 1 trillion rubles

Even under a simplified tax regime, the taxes collected from the Russian crypto market could amount to as much as 1 trillion rubles a year.

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ForkLog 11 04.02.2022

Duma sets minimum tax rates for miners

Income tax on withdrawals of mined cryptocurrency into the traditional financial system cannot be less than 15%.

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ForkLog 5 04.02.2022

US lawmakers propose tax exemption for crypto transactions up to $200

The U.S. House of Representatives reintroduced the 'Fair Taxation of Cryptocurrencies' bill. The proposal would exempt capital gains tax when profits from using digital assets do not exceed $200.

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ForkLog 6 03.02.2022

UK clarifies tax treatment of staking and DeFi lending

The UK tax authority (HMRC) updated guidance on the taxation of income from staking and DeFi lending.

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ForkLog 12 01.02.2022

Thailand drops plan for 15% tax on cryptocurrency trades

Thai authorities abandoned plans to levy a 15% income tax on cryptocurrency transactions. This followed warnings from industry representatives about the detrimental impact such a move could have on the sector's potential, the Financial Times reports.

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ForkLog 12 01.02.2022

India announces 30% tax on income from cryptocurrency transactions

India will impose a 30% tax on income from digital asset transactions ahead of the launch of the digital rupee. The initiative was presented by Finance Minister Nirmala Sitharaman during the budget presentation.

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ForkLog 14 28.01.2022

Bank of Russia says declaring cryptocurrency holdings would be mandatory even if a ban is imposed

If the Bank of Russia's proposals for a complete ban on cryptocurrency operations in the country are approved, citizens will still have to declare their investments in this asset class for sale.

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