Crypto Tax Bill Passes Kenyan Parliamentary Committee
A Bill that would classify crypto assets as securities and levy capital gains tax on them has passed a committee of the Kenyan parliament. The subsequent step is to present it to the lesser chamber of parliament. Business Daily, a Kenyan newspaper, reported on December 4 that the Finance and National Planning Committee of the […]
Spanish Citizens to Declare Foreign Crypto Assets by March 2024
The taxation of virtual assets will be regulated by new legislation that requires Spanish citizens who possess crypto assets on platforms outside Spain to declare them by March 31, 2024. As initially reported in the Boletín Oficial del Estado, the official state gazette of the Kingdom of Spain, on July 29, 2023, the Spanish Tax […]
Cryptocurrency Taxation – What You Need to Know
The world of cryptocurrencies has witnessed unprecedented growth and innovation, captivating the interest of investors, businesses, and governments alike. As this digital financial ecosystem expands, so do the complexities of its taxation. Cryptocurrencies, often perceived as a decentralized and anonymous form of money, are not exempt from tax obligations. This comprehensive article delves deeper into […]
Binance launches new tax reporting tool for crypto users
Crypto exchange Binance is launching a new tax reporting tool to help crypto users access tax details aligning with their crypto activity and also to help report information during the upcoming tax season. In order to assist customers to keep track of their cryptocurrency transactions for tax reporting reasons, cryptocurrency exchange Binance announced on February […]
Japan to ease 30% crypto tax for crypto businesses
In Japan, crypto issuers and businesses pay a set 30% corporate tax rate on their holdings, regardless having made a profit or not. However, the government is making plans to ease the levied tax. As part of its efforts to promote development in the domestic financial and IT industries, the Japanese government plans to relax […]