Ukraine set to legalize crypto by 2025 under strict regulations
Ukraine plans to legalize cryptocurrencies by early 2025, applying standard taxation rules without offering tax incentives. Go to Source
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Italy to raise capital gains tax on Bitcoin from 26% to 42%
In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold. Go to Source
Greek gov’t to impose crypto taxes starting 2025
Currently gains on crypto profits are going untaxed and unrecognized by the Greek government – but not for long as regulators are seeking new taxes on the industry early next year. Go to Source
Canada’s Tax Agency Targets $40M in Uncollected Crypto Taxes as Trudeau Seeks Major Capital Gains Hike
Based on a report by the National Post, Canada’s Revenue Agency (CRA) is actively searching for uncollected taxes on cryptocurrencies. The agency estimates that there is nearly $40 million in undeclared taxes related to digital currencies. Concurrently, Prime Minister Justin Trudeau is proposing an increase in capital gains taxes from 50% to 66% for any … Read more
Australian Tax Office Seeks Personal, Transaction Details from 1.2 Million Cryptocurrency Users
The Australian Tax Office reportedly has requested that cryptocurrency exchanges share both personal and transaction details of as many as 1.2 million cryptocurrency users. The revenue collector recognized that some users are fulfilling their tax obligations unknowingly, but maintained that others are intentionally avoiding payment. Australian Tax Office Targets 1.2 Million Cryptocurrency Users The Australian … Read more
Australian Tax Office seeks data from 1.2 million crypto exchange users: Report
The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office. Go to Source
Fear of Retrospective IRS Regulation Changes Discourages Filing, Says Crypto Tax Expert
Many cryptocurrency users have not filed their tax returns, fearing that the Internal Revenue Service (IRS) might change regulations after they submit their returns, according to a cryptocurrency tax expert. The expert stated that the IRS has the discretion to apply laws retroactively or retrospectively interpret them. Complex Filing Process Clinton Donnelly, CEO of Crypto … Read more
Australia’s confusing new crypto tax guidance is ‘toilet paper,’ says law firm
“I am actively telling people they are best ignoring it,” Cadena Legal’s founder tells Cointelegraph after controversial new tax guidance on DeFi was released in November. Go to Source
UK Treasury seeks input on taxing DeFi staking and lending
The proposed regulatory changes seek to simplify how DeFi returns are taxed and reduce the “administrative burden” for taxpayers. Go to Source Powered by WPeMatico
Alleged Kenyan Bill Proposes Widening Definition of Securities to Include Crypto Assets
A bill seeking to put blockchain and crypto assets under the purview of the Kenyan Capital Markets Authority is supposedly set to be debated in the country’s parliament. The bill also seeks to “widen the meaning of ‘securities’ to capture digital currencies.” The persons that receive licenses from the regulator are also required to maintain … Read more
