Tax
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.
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.
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.
Bithumb Exchange Fighting Back Against 'Groundless' $69M Tax Bill
The South Korea-based exchange is fighting a move by the country's tax authority to withhold over $69 million in tax on foreign cryptocurrency transactions.
Danish Tax Agency Sends Warning Letters to Suspected Crypto Tax Evaders
Denmark's tax authority, the Skattestyrelsen, has been sending letters to cryptocurrency users it suspects of tax avoidance, demanding a range of information about their trading activities.
UK Tax Authority Issues Crypto Guidance for Businesses
After clarifying how individual taxpayers should deal with cryptos last year, the U.K.'s HMRC has now issued guidance for enterprises.
Tencent to Lead Drafting of International Blockchain-Based Invoice Standards
The internet giant, which has been working on blockchain-based invoices for some time, will lead the development of new standards.
Chinese Official Warns Libra Could Abet Illegal Cross-Border Transfers
Libra must abide by international foreign exchange regulations to not enable illegal transfers or “it should be banned,” a senior Chinese regulator said Monday.
The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years
For the first time since 2014, the IRS is detailing how it will tax cryptocurrency holdings. Here's what you need to know.
Ohio Treasurer Suspends Predecessor's Bitcoin Tax Payment Service
A website launched last year by the U.S. state of Ohio allowing businesses to pay a range of taxes with bitcoin has been taken offline.
