tax

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Crypto News Roundup for July 26, 2022
With a worsening macro environment bringing down much of the crypto market, plus an inside look at critiques about the crypto VC space, CoinDesk’s “Markets Daily” is back with the latest news roundup.
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South Korea Postpones 20% Crypto Tax to 2025
The government announced its 2022 tax reform plan on Thursday, which included further postponing plans to tax crypto earnings that were already delayed by a year.
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Kazakh Crypto Mining Tax Hike Signed Into Law by President Tokayev
The tax rate will depend on electricity usage, average electricity price and power source.
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UK Government Seeks Views on DeFi Taxation
The deadline for submitting comments is Aug. 31.
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India Clarifies Rules for Controversial Tax Provision Ahead of Start Date
The 1% tax deducted at source for virtual digital assets kicks in on July 1.
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Portuguese Congress Rejects Two Bills Seeking to Tax Crypto
The proposals were submitted by two leftist parties. The government, which also seeks to apply taxes, hasn’t submitted a proposal so far.
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ZenLedger Raises $15M to Expand Crypto Tax Products
The funding comes on the heels of ZenLedger’s “best tax season ever.”
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Crypto Industry Battles to Exempt NFTs, DeFi From Tax Reporting Rules
The OECD is trying to introduce new rules to stop crypto from being used to stash assets out of sight of the taxman.
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How Do You Tax an NFT?
Plans to share bitcoin data with foreign tax authorities may be hard to adapt to transparent, decentralized blockchains – but once in place, new rules are hard to shift.
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CoinDesk - Unknown
Portugal Makes U-Turn on Cryptocurrency Tax
Reversing its previous hands-off stance, the nation will impose taxes on the exchange and sale of cryptocurrencies.
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