Tax

Indonesia map (Jon Tyson/ Unsplash)
Indonesia’s Crypto Watchdog Pushes for Friendlier Taxes as Regulatory Overhaul Looms
Local exchanges have previously blamed falling trading volumes on commodities taxes on crypto.
Indonesia map (Jon Tyson/ Unsplash)

Shaktikanta-Das-Chairman-Reserve-Bank-of-India-and-Nirmala-Sitharaman-Indian-Finance-Minister.jpg
India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year
Expectations were low for a change in the stiff taxes on crypto transactions: a 30% tax on profits and a 1% TDS on all transactions.
Shaktikanta-Das-Chairman-Reserve-Bank-of-India-and-Nirmala-Sitharaman-Indian-Finance-Minister.jpg

Indonesia flag (Bisma Mahendra/Unsplash)
Indonesia's Crypto Tax Revenue Falls 63% in 2023 Despite Bitcoin's Surge
The country's tax revenue in 2023 was substantially lower than 2022, when the tax regime was introduced.
Indonesia flag (Bisma Mahendra/Unsplash)

Down Arrow spray painted on a brick wall (Shutterstock)
Indonesian Crypto Exchanges Blame Dramatic Drop in Trading Volumes Partly on High Taxes
Indonesian crypto exchanges saw a 60% drop in trading volumes in 2023, challenging its reputation as a fast adopter of digital assets.
Down Arrow spray painted on a brick wall (Shutterstock)

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India's Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source
Bharat Web3 Association's (BWA) Chairman wrote the letter to the Indian government on Dec. 16.
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16:9 Crop: Russian President Vladimir Putin. (DimitroSevastopol/Pixabay)
Vladimir Putin's Signature Brings Digital Ruble Into Russia's Tax Code
The tax code now contains a definition of "digital ruble account" and has rules for the taxation of transactions with digital rubles.
16:9 Crop: Russian President Vladimir Putin. (DimitroSevastopol/Pixabay)

(The Retro Store/Unsplash)
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.
(The Retro Store/Unsplash)

The TRES team (TRES)
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 more than 100 layer-1 an...
The TRES team (TRES)

Brazil (Agustin Diaz Gargiulo / Unsplash)
Brazil to Impose 15% Tax on Crypto Earnings Held on Offshore Exchanges: Report
The bill is awaiting presidential approval.
Brazil (Agustin Diaz Gargiulo / Unsplash)

HM Revenue and Customs (Peter Dazeley/Getty Images)
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.
HM Revenue and Customs (Peter Dazeley/Getty Images)