News with the tag "tax laws"

Amid the market’s bullish run, Taiwanese financial authorities vowed to review tax regulations to tackle the country’s crypto tax evasion issue. However, local reports noted the regulators might face difficulties implementing an effective digital assets-related tax framework. Related Reading: Elon M...

South Korean authorities announced their plan to fully regulate cross-border crypto transactions by the end of 2025 to combat a “blind spot” enabling tax evasion by foreign exchanges. Related Reading: Consensys Urges For Clear Crypto Regulation In Open Letter To Future US President Koran Authorities...

Kenya Revenue Authority (KRA) announced its plan to switch its outdated system to a more efficient one as part of its tax system reform. The new system, powered by emerging technologies, is set to track crypto transactions in real time to fight tax evasion and foster a “more transparent” organizatio...

A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid.

The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies and other digital assets must carefully evaluate their tax positions, especially ...

A recent report revealed that the South Korean government is considering delaying the crypto gains taxation for a third time. Seemingly, investors in the country are growing concerned due to a lack of system and “market confusion.” Related Reading: Crypto Market Jolted By MakerDAO’s $1 Billion Inves...

U.S. senators including Elizabeth Warren and Bernie Sanders claimed crypto tax evaders are siphoning off billions from the government.

“The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime.

“The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime.

Learn how to navigate tax laws and regulations for optimal financial management.