Tax


Policy

South Korea Postpones 20% Crypto Tax to 2025

The government announced its 2022 tax reform plan on Thursday, which included further postponing plans to tax crypto earnings that were already delayed by a year.

South Korea has delayed plans to tax crypto by two years to 2025. (Jacek Malipan/Getty)

Policy

Kazakh Crypto Mining Tax Hike Signed Into Law by President Tokayev

The tax rate will depend on electricity usage, average electricity price and power source.

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Policy

UK Government Seeks Views on DeFi Taxation

The deadline for submitting comments is Aug. 31.

The U.K. government is looking for comments on the taxation of DeFi. (Shutterstock)

Policy

India Clarifies Rules for Controversial Tax Provision Ahead of Start Date

The 1% tax deducted at source for virtual digital assets kicks in on July 1.

India Finance Minister Nirmala Sitharaman introduced the budget earlier this week. (T. Narayan/Bloomberg via Getty Images)

Policy

Portuguese Congress Rejects Two Bills Seeking to Tax Crypto

The proposals were submitted by two leftist parties. The government, which also seeks to apply taxes, hasn’t submitted a proposal so far.

The Central Bank of Portugal licensed two crypto exchanges after a new crypto trading platform law took effect earlier this year.

Finance

ZenLedger Raises $15M to Expand Crypto Tax Products

The funding comes on the heels of ZenLedger’s “best tax season ever.”

The deadline for filing U.S. tax returns is April 18. (Pictures of Money/Flickr)

Policy

Crypto Industry Battles to Exempt NFTs, DeFi From Tax Reporting Rules

The OECD is trying to introduce new rules to stop crypto from being used to stash assets out of sight of the taxman.

OECD members mapped out across the globe. (michal812/Getty images)

Policy

How Do You Tax an NFT?

Plans to share bitcoin data with foreign tax authorities may be hard to adapt to transparent, decentralized blockchains – but once in place, new rules are hard to shift.

The OECD wants to make it harder to keep your bitcoin secret from the authorities by stashing it in tax havens. (Michal Ben Ari/EyeEm/Getty Images)

Policy

Portugal Makes U-Turn on Cryptocurrency Tax

Reversing its previous hands-off stance, the nation will impose taxes on the exchange and sale of cryptocurrencies.

Portugal has made a U-turn on taxing cryptocurrency. (aayush_gupta/Unsplash)

Finance

Australian Tax Office Warns Crypto Investors on Capital Gains Obligations

The rate of capital gains tax on digital assets in Australia is determined by an investor's income tax rate.

Australian Parliament, Canberra (adijoshi11/Unsplash)