カテゴリー: crypto taxes

IRS to Face Record Number of Loss Claims, Says Crypto Accounting Firm

IRS to Face Record Number of Loss Claims, Says Crypto Accounting FirmNode40, a developer of bitcoin tax-reporting software, expects the U.S. Internal Revenue Service (IRS) to receive a record number of cryptocurrency-related tax return claims this year, as it predicts that many investors will decide to declare their losses. Also Read: G20 Leaders Declare Commitment to Regulate Crypto Assets Pros and Cons of Reporting Cryptocurrency traders […]

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Crypto Tax and Accounting Software Libra Raises $15M in Series B Funding

Crypto Tax and Accounting Software Libra Raises $15M in Series B FundingTraditional venture capital investors seem to think that the field of crypto reporting apps is appealing. Cryptocurrency tax and accounting software development startup Libra has raised an extra $15 million in its Series B funding round. Also Read: Opera Browser Opens Its Built-in Cryptocurrency Wallet to Desktop Users $24.8 Million in Funding for Crypto Tax […]

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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 […]

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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 […]

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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 […]

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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. […]

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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 […]

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