News with the tag "capital gain"

Rumors have surfaced about potential crypto tax reforms as Donald Trump’s official memecoin, TRUMP, hits $71 billion in fully diluted value and rises to the 15th-largest crypto in the world.

The Income Tax Appellate Tribunal (ITAT) in Jodhpur, India, has today clarified the taxation of crypto transactions conducted before the financial year (FY) 2022-2023. According to the ruling, profits from all such transactions will be treated as capital gains. ITAT Gives Clarity On Pre-2022 Crypto ...

A Texas Bitcoin investor faces prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent.

Ukraine plans to legalize cryptocurrencies by early 2025, applying standard taxation rules without offering tax incentives.

In a significant policy shift aimed at stimulating the financial markets and attracting both domestic and international investments, South Korea’s main opposition party, the Democratic Party of Korea (DPK), plans to abolish capital gains tax on investments during the upcoming December 10 session. Th...

The Prime Minister said Czech residents would not have to report crypto transactions under $4,200 per year or pay taxes for selling digital assets held for more than three years.

A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one.

In a notable shift, British finance minister Rachel Reeves announced on Wednesday, October 30, a hike in the capital gains … Continue reading The post UK Government plans to increase its capital gains tax rate appeared first on Finbold .

The Danish Tax Council has recommended what it terms non-backed crypto assets like Bitcoin be taxed similarly to asset-based crypto assets. The council argues the recommendations would allow crypto investors to deduct losses from gains thus making taxation more fair. However, some observers believe ...

Chainalysis faces a $650 million defamation lawsuit, the EU’s ESMA pushes for MiCA amendments, Cyprus and Ireland scramble to align with regulations, and Italy plans to hike tax on Bitcoin.