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Tax
Industry Body for Indian Startups Seeks Crypto Rules
The group wants Parliament to provide more clarity on tax issues in its upcoming budget session.
The Inside Story of How India’s Crypto Exchanges Were ‘Inspected’ by Tax Agencies
Two agencies, five months, five crypto exchanges, 100-plus officers, more than Rs 700 million in tax recovery, and yet the scale of the misdemeanor, excused by “ambiguity,” remains unknown.
Thailand’s Crypto Traders to Be Subject to 15% Capital Gains Tax: Report
The report quotes a person in the Finance Ministry who also said cryptocurrency traders should prepare for increased surveillance.
South Korea to Tax Inherited, Gifted Crypto Starting Next Year: Report
The country has postponed a general income tax on virtual assets until 2023.
Japan’s Taxes on Crypto Firms Are Leading Some to Leave the Country
Founders face hefty corporate taxes when listing tokens and individual investors are taxed up to 55% on gains.
Market Wrap Year In Review: Remembering Bitcoin’s FUD-Fueled Crash
As crypto markets moved through April and May, many buyers began to cash out as fear, uncertainty and doubt (”FUD”) overwhelmed traders. Concerns included U.S. capital gains taxes on digital assets, bitcoin’s environmental footprint and an outright ban on crypto mining in China.
How Crypto Losses Could Result in Tax Benefits
The IRS allows investors to take deductions on crypto losses that can reduce tax liabilities or even lead to a tax refund.
South Korea’s Hashed Under Tax Investigation
The investment firm announced $200 million in new funding last week.
South Korea Delays Plans to Tax Crypto to 2023
Lawmakers, likely seeking support from young voters, decided to postpone the virtual assets tax.
S. Korean Regulators Call for Criminal Punishments for Crypto Market Manipulation
The law is unlikely to go through Parliament this year.