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From 2023, Portugal may introduce a tax on income from transactions with digital currencies. Its rate will be 28%. Portugal is included in the list of states where comfortable conditions for cryptocurrency investors have been created. If the local parliament passes a bill to tax the digital...

The Albanian authorities intend to introduce taxation on income from investments in cryptos from 2023. According to local media, the government has prepared appropriate changes to the legislation. At this stage, they are at the stage of public discussions. Under the proposed changes, virtual assets...

In January 2022, the Pakistani authorities were preparing to ban all types of cryptocurrency transactions. The corresponding document was prepared to take into account the position of the Central Bank of the country, which demanded the introduction of fines for violating such a ban. However,...

Australian traders must pay taxes on income received from digital asset transactions. With the corresponding reminder the day before, the Australian Tax Administration issued a reminder. Moreover, taxes must be paid on all types of transactions, including NFT tokens. Australia is on the list of...

By the summer of 2022, Colorado authorities will allow paying taxes and fees in crypto. That was stated by the state governor Jared Polis during the ETH Denver conference. According to him, the reason for this decision is to increase the comfort of users and increase the speed of payments. Polis...

A bill has been introduced in the Illinois State Senate to extend the data center tax credit program to businesses that mine BTC and other cryptos. The paper was documented by Republican Senator Sue Rezin. Democrat Julie Morrison joined as co-sponsor. The program noted in the bill has been...

The bill “On Fair Taxation of Cryptocurrencies” was resubmitted to the House of Representatives of the US Congress. The initiative provides for exemption from capital gains tax when the profit from the use of digital assets does not exceed $200. The bill was sponsored by Arizona Republican...

The US tax regulator IRS (Internal Revenue Services) will access the details about crypto exchanges above $20,000 that took place on the Circle platform from 2016 to 2020. The US Department of Justice published the decision on April 1. IRS's request to employ John Doe Summons to reach the data was...

The Central Bureau of Economic Intelligence of India (CEIB) is proposing an 18% tax on crypto trading. The agency classifies BTC as an "intangible asset". That is a Goods and Services Tax (GST). The government is currently considering a suggestion that would levy a tax on every bitcoin...

According to the posts on social media, the Internal Revenue Service is directing crypto tax warning notes (dated August 14, 2020) to US taxpayers. This proves another time that the government makes efforts to take the crypto tax space under control. Some users published their letters online. The...

The capital gains tax on operations with cryptocurrencies in South Korea can be up to 20%. This was the opinion of representatives of the private sector during the discussion on legislative initiatives of the country's authorities, writes Cointelegraph with reference to local media. Proposed...

66% of Internet users favor digital asset taxation, according to a survey by Childly. This was stated in a press release. The study involved 5750 users from around the globe. According to the survey, 48% of respondents believe that digital assets are required to be taxable, 18% support the idea of ...

The Spanish Tax Agency will send notifications to taxpayers who carry out operations with cryptocoins. The agency noted that over the year their number has quadrupled. This is reported by Europa Press. For the first time, Spanish crypto investors received notifications from the tax last year, their...

Australia's tax regulator will remind crypto traders of tax liability. This will happen by sending emails or regular letters, reports News.com.au. Since cryptocurrencies are considered a form of ownership in the country, they fall under the law on capital gains tax. This means that all operations,...

The Tax Administration of New Zealand may refuse to apply tax to cryptocurrencies on goods and services. The document indicates the rapid development of the crypto sector. At the same time, digital assets cannot be unambiguously called an investment product, which makes it difficult to apply the...

The U.S. IRS has announced plans to host a summit with cryptocurrency startups to discuss an approach to taxing digital assets. This was reported by Bloomberg Tax. The summit is expected to be held on March 3 at IRS headquarters in Washington. During the meeting, four-panel discussions will take...

Internal Revenue Service sent new guidance to cryptocurrency holders. The IRS published two documents (a ruling and a question-and-answer paper) on Wednesday. This is the first guidance since 2014, and it contains information about expected methods of reports about income from cryptocurrencies....

Ohio Treasurer Robert Sprag announced the suspension of the OhioCrypto.com web service, which allowed companies registered in the region to pay taxes in bitcoins. Ohio opened the opportunity for businesses to pay taxes with cryptocurrency in November 2018. The service was organized in partnership...