Tag: Tax

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Turkey’s ruling party unveils 10% crypto income tax proposal

Turkey’s ruling AK Party has introduced a sweeping economic bill in parliament that would formalize crypto taxation while revising a range of tax and...

South Africa Tax Collector Deploys New Tech to Track Crypto and Offshore Assets

South African crypto-asset service providers must now transmit detailed transaction data directly to the revenue collector, allowing for precise automated reconciliation and targeted audits....

25-Year Tax Veteran Answers the Crypto Tax Questions People Ask Too Late

Mahad Mohamed is a senior crypto tax and accounting specialist with over 25 years of experience in public accounting and tax advisory. His background...

South Korea’s National Tax Service Publishes Seed Phrase Photo, Sparks Wallet Breach

South Korea’s National Tax Service (NTS) accidentally published a cryptocurrency wallet’s recovery phrase in a Feb. 26 press release, enabling the temporary transfer of...

Seized Crypto Stolen As South Korea’s Tax Authority Leaks Private Key

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A piece of paper ruined everything. South Korea’s National Tax Service (NTS)...

Ethereum Tokens Swiped, Returned After South Korean Tax Service Publishes Wallet Seed Phrases

In brief The South Korean National Tax Service (NTS) shared seed phrases from seized crypto wallets in a press release. The contents of the wallets—valued around...

Bill Criminalizing Crypto-Powered Foreign Currency Tax Evasion Surges in Brazil

The bill, introduced by Federal Deputy Tabata Amaral, amends the current regulation and establishes the crime of cryptocurrency tax evasion, aiming to curb the...

How EU Crypto Tax Laws Are Set to Work in Practice

Key takeawaysThe EU’s new crypto tax rules do not introduce new taxes but expand tax transparency by ensuring that crypto transactions are reported and...

Netherlands To Amend 36% Crypto Tax On Unrealized Gains

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dutch financial authorities have revealed that the reform bill to tax unrealized...

The crypto tax reckoning is here

Doing crypto taxes this year is going to suck.For the past decade, the IRS has treated cryptocurrency as property rather than currency, treating every...

Netherlands Lower Chamber Passes 36% Tax Proposal Before Passing to Senate

The Netherlands’ House of Representatives advanced a legislative proposal on Thursday to introduce a 36% capital gains tax on savings and most liquid investments,...

Are Quantum-Proof Bitcoin Wallets Insurance or a Fear Tax?

Cryptocurrency wallet makers and security companies are pushing out post-quantum products even though large-scale quantum computers capable of breaking Bitcoin do not exist yet.The...