India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year
India has not introduced any changes to the controversial tax deducted at source (TDS) affecting the crypto industry.
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India’s Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source
The Bharat Web3 Association’s (BWA) Chairman wrote the letter to the Indian government on Dec. 16.
Vladimir Putin’s Signature Brings Digital Ruble Into Russia’s Tax Code
Russia’s digital ruble has been integrated into the nation’s tax code after its President Vladimir Putin signed the move into law.
TaxWraps: Unwrap the Financial Gift of Tokenization This Christmas
As tokenization takes hold, we propose a way to defer tax liabilities, bringing the tax efficiencies of ETFs to a wide market.
Crypto Accounting and Tax Reporting Platform TRES Raises $11M to Add New Blockchains
TRES currently services clients with combined assets worth $19 billion, helping them manage, monitor and reconcile their digital asset activity across over 100 layer-1 and layer 2-blockchain networks
Brazil to Impose 15% Tax on Crypto Earnings Held on Offshore Exchanges: Report
The bill is awaiting presidential approval.
UK Won’t Excuse Ignorance in the Hunt for Unpaid Crypto Taxes, Experts Say
The government could use a number of different ways to track down crypto tax evaders, CoinDesk was told.
UK to Hit Crypto Users With Penalties for Unpaid Taxes
The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFT and utility token holdings.
1 Way to Revive Dead NFT Wallets
Conceptual artist and legal scholar Brian Frye says inaccessible crypto tokens cannot be sold, but can be donated — with potentially significant tax benefits.
U.S. Lawmakers Urge Treasury to Revise Proposed Crypto Tax Rules
A letter by a bipartisan group of U.S. lawmakers has urged the U.S. Treasury to revise its proposed digital-assets taxation regime.