Engiven crypto donation platform launches IRS tax form
Engiven, a Bitcoin donation platform, has launched a tax form and appraisal service to make tax reporting easier for cryptocurrency donors and organizations. The platform will provide a free appraisal to crypto donors who give $5,000 or more. The Engiven platform now allows NGOs and donors to prepare the Internal Revenue Service (IRS) tax form […]
Delaying tax laws on crypto is an inevitable situation – South Korean lawmaker
Noh Woong-rae, a member of South Korea’s National Assembly and a member of the ruling party, is said to be planning to postpone a bill explaining cryptocurrency taxation until 2023. According to a Naver News report published on Thursday, Noh stated that the Democratic Party of Korea intends to fight the South Korean Ministry of […]
Senate votes down infrastructure law on crypto tax regulation
The Senate has unanimously rejected a bill to change elements in the $ 1 trillion tax code to exclude certain customers. So have a look at our most recent information about cryptocurrency regulation. Senate has rejected a crypto-industry-backed amendment that exempts crypto operators from reporting $ 1,000 billion in crypto taxes if they do not […]
South Korean gov’t could seize tax evaders crypto according to a new rule
South Korea is proposing ways to revise its tax base, the amendments include redistributive measures such as raising taxes on affluent individuals and corporations, tax evasion, as well as a crackdown on money laundering. with proposals to strengthen the government’s ability to seize tax evaders ’ crypto assets directly from their personal wallets. South Korean […]
Foreign Crypto Exchanges In India may be required to pay an 18% Additional Tax
Due to no clear regulatory guidelines, foreign crypto exchanges do not have a defined tax bracket, however, The Indian tax authority is planning to impose an 18% additional tax on them. According to a statement in The Economic Times, foreign crypto exchanges who provide services to Indian customers may be required to pay an extra […]