Tag: crypto tax

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News

India Imposes 70% Tax Penalty on Undeclared Crypto Gains

India enforces a 70% tax penalty on undeclared crypto gains, applying retroactively from February 2025. Compliance is mandatory to avoid heavy fines. The Indian government...
News

Hong Kong Unveils Crypto Reporting Plan for Tax Transparency

Hong Kong announces plans for a Crypto-Asset Reporting Framework by 2026, aiming to enhance tax transparency and combat tax evasion. The Hong Kong government has...
News

Texas Man Sentenced to Two Years for First Criminal Crypto Tax Evasion

Texas man Frank Ahlgren sentenced to two years for crypto tax evasion, ordered to pay $1M restitution to the U.S. Frank Richard Ahlgren III, an...
News

Australia Moves to Harmonize Crypto Tax Reporting Standards

Australia moves to adopt international crypto tax reporting standards, harmonizing with CARF framework to enhance transparency and tax compliance. Australia is moving forward with a...
News

Taiwan Reviews Crypto Tax Rules After Trump Win

Taiwan's Ministry of Finance is reviewing crypto tax rules after Trump's win amid rising Bitcoin and Dogecoin prices, pushing regulatory updates. Taiwan's Ministry of Finance...
Featured News

Danish Tax Law Council Plans Storage-Based Tax for Crypto Assets

Denmark plans storage-based taxation for crypto assets, aiming for fairer taxation and alignment with existing tax rules. A recent Danish Tax Law Council report suggests...
News

DPP Leader Yuichiro Tamaki Suggests Lower Tax on Crypto Gains

Yuichiro Tamaki suggests a lower crypto tax rate, aiming to align crypto with stock profits and boost Japan’s Web3 sector. Yuichiro Tamaki, leader of Japan’s...
Regulations

Kenya Revenue Authority to Launch Real-Time Crypto Tax System

Kenya Revenue Authority launches a real-time crypto tax system to track transactions, improve tax collection, and curb tax evasion. The Kenya Revenue Authority (KRA) is...
News

SARS Targets Crypto Tax Compliance in South Africa

SARS targets crypto tax compliance in South Africa, using AI and machine learning to enhance audits and identify non-compliant taxpayers. The South African Revenue Service...
Bitcoin News

India Enforces Heavy Crypto Tax Laws

During a time when crypto prices appear to be tanking like never before, India is dealing with heavy crypto-related tax woes. India Is Hiking Its...
Blogs

New Crypto Tax Bill Seeks to Help Everyday Consumers

The latest form of crypto-friendly tax reform is coming into play. Last Thursday, a new bill known as the Virtual Currency Tax Fairness Act...

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