South Korea’s New President Delays Crypto Taxes For Consumer Protection Legislation
South Korea’s newly elected president is demonstrating his crypto expertise by declaring that there will be no tax on crypto investment gains until legislation can ensure consumer protections. Yoon Seok-yeol, South Korea’s newly elected president, announced on Tuesday that he will push to postpone taxation on crypto investment gains at least until a new set […]
Koinly crypto tax calculator platform integrates Terra (LUNA)
Koinly has integrated Terra into its platform, this will provide LUNA users a way to accurately track and record their transactions to meet with tax obligations. As the deadline for filing Canadian tax returns approaches, cryptocurrency tax computation portal Koinly has added Terra (LUNA) wallet functionality to make tax calculation easy for LUNA holders. Many […]
India Approves Finance Bill Of 30% Crypto Tax
The new crypto tax policy approved by India is based on its gambling and lottery ticket win tax rules. The Indian Finance Bill 2022, which includes new 30% crypto tax laws, was approved by Rajya Sabha, the upper house of the Indian parliament, today, and will take effect on April 1. The law is approved […]
Korean Finance Minister plans to fight moves delaying the crypto tax code
The South Korean ruling party is planning to attempt a postponement of the crypto tax laws but the Finance Minister Hong Nam-Ki is not having it and considers the delay unnecessary. Despite advances this week by the dominant Democratic Party to postpone the controversial crypto tax legislation to 2023, South Korea’s Minister of Strategy and […]
Officials to clarify crypto tax reporting rules in the infrastructure bill
An official of the US Treasury Department‘s has reportedly told Bloomberg that the department is planning to clarify the issue of crypto tax in the recently passed infrastructure bill. The United States Treasury Department is reportedly seeking to clarify the definition of brokers in the bipartisan infrastructure bill passed by the Senate last week, offering […]