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Tag Archives: Taxes

Thai Regulators Asked to Ease New Cryptocurrency Taxes

Players in Thailand’s crypto markets have petitioned the Finance Ministry to either delay or waive altogether a combined 22% tax burden aimed at dissuading investors from putting money into ICO’s and cryptocurrency within the Kingdom. Reformers Seek Changes in New Thai Tax Before it Takes Effect On March 29, a royal decree was handed down to the Finance Ministry outlining new tax ...

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New Taxes Could Spell End of Cryptocurrency Trading in Thailand

Thailands new Royal Decree on regulating the transactions of digital assets was passed on March 27, granting potential ICOs an additional 30 days to inform the SEC of their plans while raising the capital gains tax and adding 7% VAT to all digital trades. Thai Crypto Traders Face 22% Tax Penalty As was covered two weeks ago in NewsBTC, the ...

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Regulations, Taxes, Scandal | The Bull Run Ended As Fast As It Started

Cryptocurrencies resumed the selloff after posting gains in the last three days; the market was jolted by several unpleasant reports that have long-standing implications on cryptocurrency markets. Today’s news involves the Internal Revenue Service. The Internal Revenue Service seems to be broadening their tax range; IRS is now looking to impose capital gains tax on all products that are bought using ...

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Australia Warns of Scammers Collecting Taxes in Bitcoin

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Australia’s official tax authority has warned the public of scammers purporting to be tax agents demanding cryptocurrencies like bitcoin for tax payments. The Australian Taxation Office (ATO) is alerting citizens of fraudsters impersonating the tax agency to seek payments of faux tax debts from unsuspecting victims in ...

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Bill To Allow To Pay Taxes In Bitcoin Passes Arizona H… | News

The Ways and Means Committee of the Arizona House of Representatives passed SB1091, a tax bill that would allow state residents to pay their tax bills with cryptocurrencies, legislative records show March 7. The bill’s advancement through committee signifies the first of three readings required of each bill by Arizona law. Support for the bill by Republican legislators raises the ...

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Illinois Legislators May Allow Residents Pay Taxes With Cryptocurrency

The U.S. state of Illinois is currently weighing legislation which will allow residents to use cryptocurrencies to pay taxes. House Bill 5335, or the Revenue Cryptocurrency Bill, was introduced by Rep. Michael J. Zalewski and states that “the Department shall accept payment for any tax imposed by the State and administered by the Department by cryptocurrency.” In practice, the taxpayer ...

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0.04% of US Cryptocurrency Adopters are Paying Taxes

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Online finance company Credit Karma and research firm Qualtrics shared the results of a survey that kept a close eye on 250,000 Americans and their tax activities in terms of cryptocurrency. 100 or fewer of these people filed for cryptocurrency taxes while the rest of them did ...

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