AFIP intensifies fight against crypto tax evasion
After conducting raids on cryptocurrency mining companies, Argentina’s tax office, AFIP, is now stepping up its efforts to combat tax evasion related to cryptocurrencies. 3,997 individuals who used cryptocurrencies in 2020, according to a local report, received letters from the tax agency instructing them to change their property tax affidavits to reflect their ownership of […]
Crypto tax services in 2022: How to use them
Crypto tax is levied by the government on transactions done using cryptocurrencies be it digital assets or not. Crypto tax gives owners a headache when they realize they have to document their virtual transactions along with their regular ones. That’s where the use of Crypto tax services comes in, to find out exactly what you’re […]
Crypto analytics firm Coincub lists crypto tax rankings
The worst and greatest countries for crypto tax are listed in a rating by the cryptocurrency analytics company Coincub. Global cryptocurrency taxation regulations differ substantially between nations, and some have created incredibly strict crypto tax laws for their citizens. According to a recent analysis by the crypto analytics company Coincub, Belgium has the highest resident […]
South Korea Considers a Gift Tax on Crypto Airdrops
Due to a lack of legal framework and investor protection safeguards, South Korea has repeatedly delayed the implementation of its cryptocurrency Gift Tax. Despite the suspension of the cryptocurrency gains fee until 2025, the South Korean Ministry of Strategy and Finance said on Monday that hard forked tokens, staking incentives, and airdrops of virtual assets […]
WazirX report: crypto tax discourages 83% of Indian crypto traders
In the midst of a merciless bear market, it appears that the majority of Indian crypto traders have chosen to hibernate with two consecutive taxes poised to nibble away at their holdings. India is a case study for the effects that anti-crypto policies might have on a booming economy. A research from WazirX demonstrates a […]