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Tax
El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations
The country in 2021 became the first nation to adopt bitcoin as legal tender.
IRS Looks to Tax NFTs Like Other Collectibles
The U.S. Internal Revenue Service is considering whether to tax non-fungible tokens (NFT) on a par with other collectibles, such as stamps, works of art and fine wine, in a move likely to have an impact on those including the digital assets within their retirement plan, according to a document published Tuesday. "The Hash" panel discusses the proposal and the future of crypto taxes.
UK to Add Crypto Declaration in Tax Forms
Taxpayers will have to record their crypto gains separately as of next year, the U.K. Treasury said.
Thailand Offers $1B Tax Break for Companies Issuing Investment Tokens: Reuters
Thailand is offering a tax break for companies that issue digital tokens for investment, in a move that may cost the government 35 billion baht ($1 billion), according to a report from Reuters. "The Hash" panel discusses what this suggests about the state of crypto in Thailand and Asia at large.
U.S. Lawmakers Plan to Reintroduce Crypto Tax Reform Bill: Report
U.S. lawmakers are planning on reintroducing a bill that will reform the way crypto is treated for tax purposes, Punchbowl news said on Tuesday. The Keep Innovation in America Act was first introduced in March 2021. "The Hash" panel discusses the details of the bill.
Thailand Offers $1B Tax Break for Firms Issuing Investment Tokens: Reuters
The country will waive corporation and sales taxes for those firms.
Puerto Rico's Crypto-Friendly Policies
Puerto Rico is extending its 4% tax incentive to crypto assets and blockchain activities, including staking. Puerto Rico Blockchain Trade Association Executive Director Keiko Yoshino joins "First Mover" to discuss why she thinks crypto brings value to the community.
Puerto Rico Expands 4% Tax Incentive to Crypto and Blockchain Activities
Puerto Rico has extended its 4% tax incentive to crypto assets and blockchain activities, including staking. Puerto Rico has already been crowned a tax haven by crypto businesses that have sought to take advantage of the country’s policies. Puerto Rico Blockchain Trade Association Keiko Yoshino discusses the move and the state of crypto in Puerto Rico amid the bear market.
Puerto Rico Extends 4% Tax Incentive to Crypto and Blockchain Activities
Staking and exporting crypto services qualify for the tax rate.
