tax Archives | BlockIN

Home

Japan Pondering Upon tax Implementation Reforms to Reduce Capital Flight of Crypto Startups

Japan’s Financial Services Agency is reportedly pondering the decision to adjust the virtual currency taxation system for corporate establishments prior to the nation’s 2023 tax reform....

| Aug 27, 2022 08:00

Crypto Lobby Group Urging For 20% Crypto Tax Reduction Via New Proposal

Two prominent Japan-based crypto advocacy groups reportedly rolled out a tax reform request, which urges for tax reductions targeting individual investors on crypto earnings. Specifically, The...

| Aug 15, 2022 03:05

China Widened Scope Of Digital Yuan Tax Payment Initiative to Cover Three New Cities

Citizens living in three major urban areas in China have reportedly started utilizing the nation’s CBDC – the digital yuan (e-CNY) – for completing tax payments, stamp duty and social...

| May 02, 2022 10:27

Indonesia Applying 0.1% Crypto Tax Beginning May

The authority in Indonesia is reportedly having plans down their pipeline to apply a 0.1% capital gains tax on crypto investments, together with a value-added tax (VAT) on digital asset...

| Apr 03, 2022 09:56

Crypto Miners to Receive Regulatory Exemption From Tax Reporting From US Treasury

The US-based crypto sphere is reportedly going to secure a significant legal advantage, since the US Treasury Department aims to offer crypto miners and other “ancillary parties” tax exemption....

| Feb 15, 2022 10:06

IRS Obtained Regulatory Greenlight From US Court to Seek Taxpayers Data From Circle

The Internal Revenue Service (IRS) has reportedly obtained regulatory greenlight from the US federal court to retrieve every data on US taxpayers, traded in crypto, from Circle. Specifically, the...

| Apr 09, 2021 14:29

Swiss Canton of Zug Added crypto As Viable Means of Payment for Taxes

Bitcoin and Ether have reportedly been added as an accepted means of payment for tax, from local firms and citizens of the Swiss canton of Zug. Specifically, Bitcoin Suisse – a Swiss crypto...

| Feb 24, 2021 07:06

Coinbase Teamed Up With CoinTracker to Offer Simplified Method For Tax Reporting to Its Clients

Coinbase is reportedly collaborating with portfolio tracking and tax calculating startup CoinTracker to simplify tax declarations for crypto loss and gains, with the Internal Revenue Service deadline...

| Jan 21, 2021 11:42

Key Players in Crypto Sphere Invested in Tax Solutions Following IRS Tax Reporting Update

A second draft of Form 1040 developed by the IRS, dedicated to the 2020 tax season reportedly revealed the agency’s initiative to make declaration a mandatory task, for any entity or individual...

| Jan 13, 2021 14:20

Thai Tax Agency to Utilize Blockchain for Making Tax Payments Better

Blockchain tech will reportedly be utilized by the tax collection department of Thailand, in a bid to make the tax payment process better in 2021. Specifically, the Excise Department has reportedly...

| Dec 18, 2020 11:32