Tax


Policy

El Salvador to Exempt Foreign Investors From Tax on Bitcoin Profits: Report

The country is attempting to encourage foreign investment, having adopted bitcoin as legal tender.

El Salvador President Nayib Bukele

Policy

Slovenia Financial Agency Proposes New 10% Crypto Tax

The measure is supposed to make cryptocurrency-related tax reporting easier.

bridge over river

Markets

Philippines Looks to Tax Hit Blockchain Game Axie Infinity: Report

The country is the video game's leading market.

Axies from the play-to-earn game Axie Infinity.

Markets

Crypto Tax Proposal in US Has Had Limited Impact on Bitcoin Market

Enactment of the bill, if it is passed and signed into law, is still far off.

Bitcoin analysts aren't too worried at the moment about Washington's plan for extra crypto taxes.

Markets

Bitcoin Miners Can Escape US Taxes by Sending Mining Proceeds Direct to IRAs

Compass Mining is enabling clients to mine bitcoin without triggering a taxable event.

U.S. income tax form

Policy

Israeli Bill Would Force Crypto Investors to Report Holdings Above $61K

The Israeli Bitcoin Association is opposing the proposed reporting requirement, calling it discriminatory.

Israel's government has proposed a bill for crypto tax reporting.

Markets

India Could Hit International Crypto Exchanges With Additional 18% Tax: Report

Most Indian exchanges pay the goods and services tax on their profits and commissions in the absence of clarity from the country's tax authority.

Indian_Flag

Markets

South Korea Seizes $47M Worth of Crypto for Back Taxes: Report

Officials called it the largest "cryptocurrency seizure for back taxes in Korean history."

Seoul

Markets

IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors

The IRS has outlined different ways that $32.3 million in additional funding will bolster the agency's crypto tax collection efforts.

IRS