Tax

Why Investors Are Waiting For a U.S. Crypto Tax Rule Revamp

Crypto traders have been waiting for a set of new rules that will overhaul how they report their cryptocurrency taxes since the issuance of crypto tax documents was required i...

By CoinDesk Staff

Aug 8, 2023 at 2:33 p.m. UTC

Aug 8, 2023

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The U.S. Internal Revenue Service has been poised to propose major tax rules for crypto. (Jesse Hamilton/CoinDesk)

Policy

Analysis

A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?

Senators have told the IRS to hurry its regulations on brokers reporting crypto transactions while crypto lobbyists question whether the delay is a White House strategy.

By Jesse Hamilton

Aug 7, 2023 at 4:29 p.m. UTC

Aug 7, 2023

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The IRS has issued guidance on how it intends to tax crypto staking rewards. (Jesse Hamilton/CoinDesk)

Policy

Regulations

IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens

The latest tax guidance from the Internal Revenue Service outlines how and when staking rewards are taxed.

By Jesse Hamilton

Jul 31, 2023 at 9:53 p.m. UTC

Jul 31, 2023

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Policy

Regulations

U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance

In a letter made public on Tuesday, Chairman Ron Wyden and Ranking Member Mike Crapo sought cryptocurrency industry comment around nine topics.

By Amitoj Singh

Jul 12, 2023 at 8:50 a.m. UTC

Jul 12, 2023

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Slovakian lawmakers voted on crypto tax-cutting (Leonhard Niederwimmer/Pixabay

Policy

Regulations

Slovakian Crypto Tax-Cutting Bill Passes National Parliament

Lawmakers wanted to see a 7% income tax rate for crypto held longer than a year.

By Jack Schickler

Jun 29, 2023 at 12:18 p.m. UTC

Jun 29, 2023

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Policy

Regulations

Japanese Crypto Issuers Won't Pay Taxes on Unrealized Gains, Govt. Clarifies

Token issuers in the country were taxed for unrealized gains from holding on their own tokens.

By Amitoj Singh

Jun 26, 2023 at 9:57 a.m. UTC

Jun 26, 2023

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Policy

Regulations

Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways

CoinDCX, CoinSwitch, WazirX and other Indian firms CoinDesk spoke to think they'll survive the ongoing bear market – here’s how.

By Amitoj Singh

May 29, 2023 at 2:00 a.m. UTC

May 29, 2023

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The EU is set to agree new crypto tax laws (Ralph/Pixabay)

Policy

Regulations

EU Crypto Tax Plans Include NFTs, Foreign Companies, Draft Text Shows

Laws set to be agreed next week would require crypto companies to register with tax authorities, even if they’re based outside the bloc or offering non-fungible tokens.

By Jack Schickler

May 12, 2023 at 12:32 p.m. UTC

May 12, 2023

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The European Commission headquarters in Brussels (Jack Schickler/CoinDesk)

Policy

Regulations

New Rules on Sharing Crypto Tax Data ‘Unanimously Supported’ by EU Members

Officials are optimistic finance ministers will formally agree on laws allowing the sharing of information on crypto and NFT holdings between tax authorities next week.

By Jack Schickler

May 10, 2023 at 1:04 p.m. UTC

May 10, 2023

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