Crypto Tax News

Senator Cynthia Lummis released a report opposing the proposed 30% energy excise tax on miners. The politician published a report entitled “Powering Down Progress: Why A Bitcoin Mining Tax Hurts America,” which examines the Administration of U.S. President Joe Biden’s…

India has maintained its cryptocurrency tax rules for the 2024/25 budget, despite increasing calls from industry leaders for a reduction in the current rates. India’s Finance Minister Nirmala Sitharaman disclosed this during the budget presentation for the 2024/25 fiscal year.…

Learn about cryptocurrency tax calculators in 2024. Calculate your crypto tax liabilities with ease using CoinTracker, CoinLedger, TokenTax, ZenLedger, and more. In most countries, including the U.S., U.K., Canada, Australia, and India, tax authorities require you to pay taxes on…

The Inland Revenue Board (IRB) of Malaysia has initiated a special operation named "Ops Token" to tackle crypto tax evasion and enhance overall tax administration in the country.

The IMF wants Pakistan to increase tax measures on crypto profits to secure a $3 billion bailout for its faltering economy.

Thailand's cabinet approved a tax exemption measure for crypto earnings to boost the country's competitive edge in digital finance.

Korea’s National Tax Service wants to develop a new management system to monitor crypto transactions and combat illegal activities, targeting completion by 2025. South Korea‘s National Tax Service has initiated preliminary consultations with a consulting firm to develop a new…

In 2024, the IRS will focus on compliance initiatives associated with high-income and high-wealth taxpayers. For institutions, noncompliance can result in exclusion from access to US markets.

Taxes and cryptocurrency remain a pretty intricate topic. Here, we will explore the current state of crypto tax and what investors can expect in 2024. In the crypto world, simply holding on to your digital assets, often called ‘HODLing’ by…

The Japanese government has approved an amendment to the taxation of companies holding third-party-issued cryptocurrencies in its fiscal 2024 tax reform plan.

The Financial Accounting Standards Board has released its first crypto accounting rules, revolutionizing how companies report cryptocurrency holdings.

The Brazilian Senate has approved a new taxation policy, effective Jan. 1, imposing up to a 15% tax on earnings from crypto held in foreign exchanges.

Spain introduces a new crypto tax regulation requiring residents to declare their cryptocurrency holdings on foreign platforms by March 2024.

The IRS has announced the extension of the period for comments on crypto tax reporting requirements until January 25, 2024.

A panel at the PlanB conference in Lugano on Friday, October 20, 2023 focused on efforts to drive Bitcoin (BTC) adoption in the city.

Coinbase's tax leader has requested the IRS to reconsider its proposed cryptocurrency tax guidelines.