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French Finance Minister: No Tax on Gains from Crypto-to-Crypto Trades

France’s Finance Minister says the government will not impose taxes on the gains from crypto-to-crypto trading unless converted to fiat currencies. This move appears to be part of the plan by French authorities to track virtual currency transactions. Meanwhile, the Finance Minister says the country..

New Zealand Rules for Crypto Salary — Have Hopes Been Answered?

Expert Take The national tax authority of New Zealand, the Inland Revenue Department (IRD), has recently published binding rulings and guidance for salaries and bonuses paid in crypto, made under s 91D of the country's Tax Administration Act of 1994. This ruling applies only to salary and wag..

These Portfolio Tracking Tools Will Also Prepare Your Crypto Taxes

Tax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you’ll only end up cursing your procrastination. Organize your cryptocurrency activity in advance and you’ll breeze through tax deadline day without so much as flinching. Despite m..

US Crypto Holders Only Have a Few Days to Reply to the IRS 6173...

How to crypto Last month, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. The IRS has begun sending letters to taxpayers with digital currency transactions that potentially failed to report income and pay..

Indian Tax Authority Sends Probing Questions to Crypto Owners – Experts Weigh In

As the Indian government deliberates on the country’s crypto policy, the tax authority continues to send out letters with lengthy, probing questions to crypto owners. News.Bitcoin.com talked to industry experts to find out the implications of these letters, what people can do when receiving them, an..

Israeli BTC Investors Can’t Pay Taxes as Banks Refuse Deposit

News Israeli Bitcoin (BTC) investors are unable to pay their taxes as banks do not accept deposits obtained from cryptocurrencies. Israeli banks freeze up the minute they hear “Bitcoin”Israeli newspaper Haaretz reports on Aug. 6 that local crypto investors are unable to deposit the returns of thei..

FATF Regulations – Is It the End of Crypto Anonymity?

Expert Take The G-20 Summit in Japan brought 20 finance ministers and central bank governors to officially commit to implementing the guidelines of the Financial Action Task Force (FATF). The lack of regulation in the crypto markets can be fertile ground for money laundering, terrorist financing, ..

Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency...

Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation ..

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