taxes | ForkLog

ForkLog 10 18.09.2021

Crypto community wary of another amendment to the US infrastructure plan

An amendment to section 6050I of the U.S. tax code would require recipients of digital assets over $10,000 to verify the sender's personal information.

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ForkLog 5 17.09.2021

South Korea Proposes Delaying Capital Gains Tax on Crypto Traders

The ruling Democratic Party Toburo in South Korea intends to pass a law that would delay for one year the introduction of the capital gains tax on cryptocurrency transactions, according to local media.

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ForkLog 8 16.09.2021

US Congress Keeps Crypto-Transaction Tax Reporting Loophole Amendments Intact

The section on tax deduction rules for crypto transactions in the second infrastructure plan, worth $3.5 trillion, has seen no changes. The Ways and Means Committee has sent the document to the House Budget Committee for consideration.

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ForkLog 7 14.09.2021

Media: US Democrats in Congress push to close tax loopholes in cryptocurrency transaction reporting

The second U.S. infrastructure plan worth $3.5 trillion could be passed with amendments extending the wash-sale rule to cryptocurrency transactions, Politico reports.

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ForkLog 15 13.09.2021

India plans to tax cryptocurrencies, instead of banning them

In the near term, Indian authorities plan to tax bitcoin exchanges and transactions involving digital assets, instead of banning cryptocurrencies. The Economic Times reports.

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ForkLog 8 13.09.2021

El Salvador to exempt foreign Bitcoin investors from taxes

The government of El Salvador will exempt foreign investors from capital gains tax and the income tax on Bitcoin transactions. This was stated by the president's legal affairs adviser Javier Argueta in a comment to AFP.

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ForkLog 8 12.09.2021

US Treasury names development of cryptocurrency tax guidance a priority

The US Department of the Treasury confirmed its plans to publish guidance on cryptocurrency taxation.

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ForkLog 13 07.09.2021

Former RBI deputy governor explains rationale for taxing cryptocurrency transactions

Cryptocurrencies in India should be taxed according to how they are acquired. This was stated by former RBI deputy governor Rama Subramaniam Gandhi, CoinDesk.

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ForkLog 9 07.09.2021

Ukrainian official could not confirm ownership of declared 77 BTC

Head of the State Regulatory Service (GRS) of Ukraine, Alexey Kucher, could not confirm ownership of the bitcoins he listed in the declaration. This was reported by the National Agency on the Prevention of Corruption (NAPC).

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ForkLog 17 01.09.2021

Slovenia weighs 10% income tax on cryptocurrency transactions

The Slovenian Tax Administration is considering a 10% tax on income from cryptocurrency transactions, according to STA.

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ForkLog 10 31.08.2021

Russian and Belizean prosecutors to monitor illicit bitcoin activity

Russian and Belizean prosecutors agreed to exchange information on cybercrime, including matters related to the cryptocurrency market.

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ForkLog 10 27.08.2021

Philippine authorities propose taxing Axie Infinity token transactions.

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