crypto tax

A rationalised tax regime tops the list of demands put forth by gaming and cryptocurrency firms ahead of the upcoming budget.The online gaming industry has urged the government to not reduce the current tax deducted at source (TDS)…

KoinX, India-born crypto taxation platform, is aiming at increasing its userbase by 400 percent in 2023. Moving towards its aim, KoinX on Monday, January 9, launched ‘Tax Professionals'. This new tool that will reduce the turnaround time…

Italy's parliament has decided to impose a 26 percent capital tax on profits exceeding $2,060 (roughly Rs.1.7 lakh) generated out of crypto trading. The country has acknowledged the presence of the virtual digital assets (VDA) sector in the…

Rishi Sunak, the Prime Minister of the UK, is actively working on shaping up the crypto sector for the nation with rules and regulations. Going into 2023, foreigners who are using local British crypto exchanges for buying cryptocurrencies…

India's tax rules, that have often found themselves at the end of criticism from Indian investors, have yet again roped-in reproval from the Bharat Web3 Association (BWA). The industry body, that was founded in November this year,…

Tightening the regulation on digital assets and expanding taxation on crypto trading, Italy is planning to impose a 26 per cent tax on digital assets for gains above 2,000 euros (about $2,062), according to a Bloomberg report. The Italian…

Italy has proposed a draft crypto law bill that would allow the country to levy a 26 percent tax on crypto profits exceeding over $2,000 (roughly Rs. 1.62 lakh). As for now, the bill has not bagged all the necessary approvals that are…

Indirect tax on cryptocurrencies may be implemented soon, as the government has started to work on a comprehensive regime for crypto assets. Framing these rules would prevent any loss of revenue to the exchequer due to the lack of clarity…

Cryptocurrency airdrop, which refers to a marketing stunt involving sending coins or tokens to wallet addresses, is now legally subject to gift tax in South Korea, according to the country's Ministry of Strategy and Finance. As per local…

The United Nation's development arm, UNCTAD, believes that banks should be banned from holding crypto while suggesting that developing countries should implement extensive restrictions on the usage of cryptocurrencies, given the risks they…