taxes | ForkLog

ForkLog 8 13.09.2023

Pre-trial investigation opened in Ukraine into crypto-market participants

The Bureau of Economic Security of Ukraine will review bitcoin exchanges whose owners and founders are residents of Ukraine.

AI translated

ForkLog 7 27.08.2023

Congressman criticises new cryptocurrency tax rules in the United States

The U.S. Department of the Treasury, together with the Internal Revenue Service, unveiled new cryptocurrency taxation rules. Congressman Patrick McHenry urged the agencies to adopt clearer regulatory requirements.

AI translated

ForkLog 15 23.08.2023

Coin Center submits comments to U.S. Senate on cryptocurrency taxation

Coin Center provided proposals on the taxation of digital assets in response to a request from the U.S. Senate Finance Committee.

AI translated

ForkLog 8 22.08.2023

South Korean bitcoin-exchange clients to be probed for tax evasion

Authorities in the city of Cheongju have asked seven cryptocurrency exchanges, including Upbit and Bithumb, for information on 8,520 clients suspected of tax evasion.

AI translated

ForkLog 10 02.08.2023

Ukraine loses about $81 million in taxes from bitcoin exchanges over a decade

Ukraine's state budget over ten years lost at least 3 billion hryvnias (about $81 million) in taxes from local cryptocurrency exchanges.

AI translated

ForkLog 7 01.08.2023

US to tax staking income

Internal Revenue Service: Rewards earned from staking in Proof-of-Stake networks must be included in taxable income.

AI translated

ForkLog 9 06.07.2023

Israel to exempt foreigners from cryptocurrency taxes

A bill proposing a full tax exemption for foreigners holding digital assets has passed its first reading in the Israeli parliament.

AI translated

ForkLog 7 05.07.2023

Kenya imposes 3% tax on crypto-asset transactions

On June 26, Kenya's President William Ruto signed the 2023 Finance Bill, which includes a 3% tax on crypto-asset transactions.

AI translated

ForkLog 16 02.07.2023

U.S. court orders Kraken to hand over customer tax information

A United States District Court for the Northern District of California has ordered the cryptocurrency exchange Kraken to disclose information about its customers to the Internal Revenue Service (IRS).

AI translated

ForkLog 7 26.06.2023

Japan Eases Tax Burden on Token Issuers

Token issuers in Japan are exempt from paying the 30% tax on unrealized gains from coins issued and held on balance. This followed clarifications to the relevant law by the National Tax Agency.

AI translated

ForkLog 13 16.06.2023

Russian miners’ profits estimated at about 100 billion rubles a year

Russian miners mine cryptocurrencies worth about $4 billion a year, with profits around 100 billion rubles, according to the Ministry of Finance.

AI translated

ForkLog 9 15.06.2023

Ukraine proposes partial tax relief for cryptocurrency holders

The Public Union "Virtual Assets of Ukraine" and Blockchain4Ukraine prepared proposals to the bill on taxing cryptocurrency operations.

AI translated

#taxes