Tax


Policy

Cryptocurrency Earned From Carrying Out Microtasks Is Taxable, Says IRS Memo

The U.S. tax department has provided guidance around crypto revenue earned from microtasks via crowdsourcing platforms and, yes, such income is taxable.

Jar of pennies (John Brueske/Shutterstock)

Finance

Bitwage Rolls Out Tax Calculator Tool as IRS Ramps Up Crypto Pressure

The new tool comes as the IRS is sending more letters to crypto investors.

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Policy

Australian Crypto Exchanges Partner With Koinly to Simplify Tax Reporting for Users

With tax reports for crypto transactions being complex and time-consuming to prepare, Koinly said its service automates the process in just minutes.

australia tax

Markets

South Korean Government Proposes Tough New 22% Tax on Crypto Trading

Crypto trading profits could be liable to a 22% tax should the Korean National Assembly approve the newly tabled proposal.

A scattering of 50,000 South Korean-won notes

Videos

What We Know About Filing Crypto Taxes – And What We Don’t

Regulators have been struggling to recognize cryptocurrency as a virtual asset, partly because they haven’t figured out how to tax it. This tax season, marks the first time a cryptocurrency question is on the IRS tax form – a feat six years in the making. However, the guidelines are as confusing as ever.

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Policy

Australian Tax Office to Warn Investors Over Crypto Misreporting

Up to 350,000 Australians will be contacted by regulators soon to remind them of their obligations when trading in digital assets like bitcoin.

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Policy

Ukrainian Taxpayers Will Now Have to Report Crypto Holdings

Ukraine’s revenue agency has published guidance that says cryptocurrency holdings should be treated as intangible property on tax returns.

Billete de 1000 grivnas ucranianas (Shutterstock)

Policy

New Zealand Plans to Drop 'Unfavorable' Sales Tax Treatment of Cryptocurrencies

New Zealand's Inland Revenue Department is considering how best to change its tax regimen so cryptocurrencies aren't at a disadvantage.

Wellington, New Zealand. Credit: Shutterstock

Finance

Crypto Tax Software Developers Get Serious About System Standards

A growing number of crypto tax software developers are trying to bolster their products’ technical credibility with the CPA’s stamp of attestation.

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Policy

South Korea Considers 20% Crypto Income Tax

Officials from the Ministry of Economy and Finance's income tax office have reportedly been reviewing the proposal.

Credit: Shutterstock