India, the world’s second-largest country by population, may soon give a glimmer of hope to cryptocurrency investors after months of propagating a negative agenda against the digital asset class. Move Subject to Council’s Approval As reported on Bloomb…
Major cryptocurrency exchange Bitfinex has recently notified some of its users that they are required to submit their tax information so the company can then send it over to the British Virgin Island’s (BVI) government, which “may” exchange the info wi…
France has more than halved its cryptocurrency income tax rate on capital gains, incentivizing citizens to invest and even take some profits in the market. The French Council of State has decided to change the classification of cryptocurrency capital g…
The Bitcoin price saw a moderate bounce on Tuesday, as the impending conclusion of tax season in the US suggests that an important source of sell pressure will be eliminated from the markets. As CCN reported, many analysts attributed the first-quarter …
A new partnership between major cryptocurrency exchange Zebpay and tax filing platform Cleartax aims to assist cryptocurrency investors file taxes on capital gains from their crypto assets. As Indian authorities continue to be perfectly ambiguous over …
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The post Australia Delays Promise to End Bitcoin Double Tax appeared first on CryptoCoinsNews.
In what will come as welcome relief to bitcoin adopters in the country, Japan is set to end its 8% ‘consumption tax rate’ imposed on buyers of bitcoin through digital currency exchanges. Japan is now looking to end the sales-tax collection on transactions related to purchases of virtual currencies like bitcoin, come spring. A report from […]
The post Japan Relents, Will Kill Sales Tax on Bitcoin Buying appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
A recent notice and update from the official taxation authority in Spain sees bitcoin mining fall under the purview of an economic activity, opening cryptocurrency mining to taxation. Bitcoin and cryptocurrency miners in Spain will see taxation of their profits, a recent notice issued by the country’s National Directorate of Tax revealed. First reported […]
The post Spain to Tax its Bitcoin Miners up to 47% of Profits appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Following a policy statement by the Australian Government Treasury in March that saw the authority reveal that digital currencies such as Bitcoin are likely to be exempt from double taxation via the Goods and Services (GST) tax, the Australian Government has kept its word. The Australian Government’s Budget 2016-17 has listed its intention to remove […]
The post [Updated] Breaking: Bitcoin Gets a Tax Cut in Australia appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
New Jersey is known for many things. As a burial ground for New York mobsters. Home to an impressive array of environmentally toxic factories. Atlantic City is the established gambling capital of the Eastern United States. Newark, New Jersey: one of the United States’s most criminal-minded cities. And a catchy state tourism jingle “New Jersey and […]
The post New Jersey to Begin with Double Taxation of Bitcoin appeared first on CryptoCoinsNews.