カテゴリー: Bitcoin taxes

Israel Tax Authority Hunts for Bitcoin Traders on Social Media

Israel Tax Authority Hunts for Bitcoin Traders on Social MediaVarious local branches of the Israel Tax Authority have sent out letters to those they suspect are trading bitcoin without reporting it. The tax agency demands in those letters that the recipients will divulge all of their involvement in the cryptocurrency market including all past transaction history and current holdings. People are being asked to […]

The post Israel Tax Authority Hunts for Bitcoin Traders on Social Media appeared first on Bitcoin News.

This Week in Bitcoin: Taxes, Forks, Pranks and Porn

This Week in Bitcoin: Taxes, Forks, Pranks and PornBitcoin in Brief is your roundup of everything that matters from all over the vast cryptosphere that you might have missed. This week’s daily editions included stories about taxes, forks, pranks, porn and so much more. This weekly edition will bring you up to speed with everything covered; just make sure you keep up. Also […]

The post This Week in Bitcoin: Taxes, Forks, Pranks and Porn appeared first on Bitcoin News.

These Countries Won’t Tax Your Bitcoins Too Much

These Countries Won’t Tax Your Bitcoins Too MuchA growing number of governments can’t resists the temptation to get their hands on some of the bitcoins their citizens are making. Several states, however, think that leaving some breathing space for crypto users and entrepreneurs is a better idea in the long run. Crypto-friendly tax regimes can still be found around the world. Also […]

The post These Countries Won’t Tax Your Bitcoins Too Much appeared first on Bitcoin News.

Latvia Recognizes Cryptocurrencies in Order to Tax Them

Latvia Recognizes Cryptocurrencies in Order to Tax ThemTrying to take its share of the profits, the government of Latvia may accept cryptocurrencies as a legal means of exchange. This year’s tax filing campaign is underway and officials don’t have much time. Two parliamentary commissions and the Ministry of Finance have expressed their views on the matter this week. Latvians may very soon […]

The post Latvia Recognizes Cryptocurrencies in Order to Tax Them appeared first on Bitcoin News.

Poles Protest Unfair Taxation of Crypto Incomes and Profits

Poles Protest Unfair Taxation of Crypto Incomes and ProfitsA decision by the Polish government to tax crypto transactions, even those that do not return profit, has provoked discontent among traders in the country. The local crypto community has decided to protest against the official stance of the Finance Ministry with an online petition which is gathering support. Taxes on crypto-related income in Poland […]

The post Poles Protest Unfair Taxation of Crypto Incomes and Profits appeared first on Bitcoin News.

South Africa Puts Onus on Taxpayers to Declare All Cryptocurrency Income

South Africa Puts Onus on Taxpayers to Declare All Cryptocurrency IncomeThe tax authority of South Africa has warned taxpayers in the country against forgetting to report all their cryptocurrency transactions. However, it also presented a framework with a few positive points for those trading cryptocurrencies such as the ability to claim expenses and losses. Also Read: ADS Securities Adds Bitcoin Cash, Litecoin, and Ripple CFDs […]

The post South Africa Puts Onus on Taxpayers to Declare All Cryptocurrency Income appeared first on Bitcoin News.

Russians Owe 13% Tax on Their Crypto Incomes

Russians Owe 13% Tax on Their Crypto IncomesRussian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. […]

The post Russians Owe 13% Tax on Their Crypto Incomes appeared first on Bitcoin News.

0 to 50% – Time to Pay Crypto Taxes in the European “Union”

0 to 50% – Time to Pay Crypto Taxes in the European “Union”With the increasing popularity of bitcoin and the like, this year’s tax campaign in Europe comes with many questions on how to report and pay crypto taxes. Despite the obvious hesitation on the part of many governments to comprehensively regulate/legalize the sector, cryptocurrency incomes and profits “enjoy” special attention. Different decisions on the matter pose […]

The post 0 to 50% – Time to Pay Crypto Taxes in the European “Union” appeared first on Bitcoin News.

Coinbase Launches Cryptocurrency Trading Tax Calculator

Coinbase Launches Cryptocurrency Trading Tax CalculatorHaving recently had to report over 13,000 of its clients to the US Internal Revenue Service (IRS), making it easier to handle tax reporting is a must for Coinbase. The company has launched a tax calculator, but it will not be of much use for many of its clients including those who transacted with GDAX, […]

The post Coinbase Launches Cryptocurrency Trading Tax Calculator appeared first on Bitcoin News.