taxes | ForkLog

ForkLog 77 01.10.2020

IRS to task Chainalysis with tracking Monero transactions

The IRS identified the winners of the contest to develop tools for tracing Monero (XMR) transactions, circumventing anonymity technologies. The winners were Chainalysis and Integra FEC.

AI translated

ForkLog 8 28.09.2020

EY launches tool to analyse Bitcoin’s blockchain data

Ernst & Young (EY), a Big Four auditing firm, has added a new product for researching blockchain data. The development is part of the EY Blockchain Analyzer package, according to a press release.

AI translated

uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 6 25.09.2020

Israel’s parliament to vote on easing cryptocurrency taxation

Four members of the Israeli Knesset have proposed considering new amendments to the country's Tax Code. They propose dropping Bitcoin and other cryptocurrencies from capital gains taxation, according to Globes.

AI translated

ForkLog 15 24.09.2020

Russian Finance Ministry proposes criminal liability for failure to declare cryptocurrencies

The Russian Finance Ministry has sent to agencies an updated package of documents regulating cryptocurrencies. The documents discuss new penalties for crypto-asset holders, according to Kommersant, citing the documents.

AI translated

ForkLog 8 11.09.2020

Russian business proposes a special tax regime for crypto-asset transactions

The Russian Union of Industrialists and Entrepreneurs (RSPP) has recommended to the Ministry of Finance and the Federal Tax Service to introduce a special tax regime for operations with digital financial assets (DFA). RBC reports.

AI translated

ForkLog 17 03.09.2020

Swiss canton of Zug allows paying taxes with Bitcoin and Ethereum

From February 2021, the Swiss canton of Zug will begin accepting taxes in Bitcoin and Ethereum. Bloomberg reports.

AI translated

ForkLog 6 24.08.2020

US residents to report cryptocurrency investments on the first page of the tax return

US citizens who have engaged in any transactions with Bitcoin and other cryptocurrencies will report them immediately after filling out the identification details on the first page of the Internal Revenue Service (IRS) Form 1040. This follows from the 2020 draft.

AI translated

ForkLog 8 05.08.2020

Kyrgyz authorities unveil reporting form for mining taxation

The Kyrgyz Ministry of Economy has prepared a draft decree that will formalise mining taxation in the Tax Code.

AI translated

Krzysztof Shpak 786 22.07.2020

Korea Imposes 20% Tax on Capital Gains From Crypto Transactions

South Korea’s Ministry of Economy and Finance has established a 20% income tax on cryptocurrency transactions. The new regulations have been included in the revised tax code.

Human written

ForkLog 62 14.11.2017

Russian Central Bank Pushes For ‘Professional’ Miners Taxation

The deputy head of Russia’s central bank Olga Skorobogatova has stated that cryptocurrency mining as a business has to be registered and taxed. The official insists that mining is more than just production of cryptocurrencies. “Mining is validation of transactions that are represented as blocks on the blockchain. Validation is carried out by finding complex […]

Human written

ForkLog 59 03.07.2017

Russia Has No Plans to Tax Cryptocurrencies

Russian parliament plans to review a bill that legalizes cryptocurrencies this September. According to Elina Sidorenko, the head of the parliament’s working group of cryptocurrencies, the bill, however, does not include provisions as to tax regulation of virtual money.

Human written

ForkLog 72 13.10.2016

Japan to End 8% Bitcoin Sales Tax

According to media reports, Japan’s Financial Services Agency, the country’s financial regulator, is weighing on abandoning the 8% sales tax which bitcoin and other cryptocurrencies are currently subject to.

Human written

#taxes