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)

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)
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.
(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

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)

New Delhi, India (Unsplash)
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.
New Delhi, India (Unsplash)

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)