U.S. Treasury issues new Cryptocurrency tax rules
The IRS has set up a tax reporting framework for cryptocurrency brokers, which will be implemented in 2025. The framework does not include decentralised finance and non-hosted wallets, although rules…
US Congressman introduces bill to allow IRS accept Bitcoin for tax payments
US Congressman Matt Gaetz has introduced legislation that would require the IRS to accept tax paid with Bitcoin. If enacted into law, American taxpayers will have the option to pay…
Australian tax office targets 1.2M crypto investors for tax compliance
Australian Tax Office seeks data from 1.2M crypto users for tax compliance. Cryptocurrencies are classified as taxable assets in Australia and capital gains tax applies. Global crackdown on crypto tax…
Create a Crypto Tax Calculator on Excel (Free Downloadable Template)
Keeping track of your crypto transactions can be challenging: you may have accounts across various L1’s, in different liquidity pools, or throughout multiple exchanges. With the possibility for s...
Thailand approves tax exemption for crypto earnings
Thailand cabinet approves tax exemption for crypto earnings, according to local media outlet Bangkok Post. New measures take effect on January 1, 2024. Thai government expects to raise 18.5 billion…
Japan removes corporate tax on unrealized crypto profit
Japan has scrapped corporate tax on unrealized profits Companies holding unrealized gains on their crypto assets will not pay tax on them as from April 1, 2024. Japan is reportedly…
Slovakia to reduce crypto income tax rate: will more countries follow suit?
Key takeaways Slovakian lawmakers have voted in favour of reducing cryptocurrency income tax in the country. The move could see more cryptocurrency investors in the country and could benefit the…
Kenya eyes 3% tax on cryptocurrency transfers
Kenya’s Treasury Secretary outlined the tax proposals in a document sent to parliament on 4 May, 2023. The 3% crypto tax will target cryptocurrencies and NFT transfers on exchanges and…
Top 10 Crypto Tax Software in 2023
Key Takeaways A crypto tax software is a tool designed to automatically sync across exchanges and wallets to harvest your crypto transactions and generate a tax report. It ...
Thailand offers tax breaks for companies issuing investment tokens: Reuters
Thailand’s government will offer tax breaks for companies issuing investment tokens. The government expects over $3 billion worth of investment token offerings over the next two years. The move could…