Tax

Head of IRS Crypto Work Exits as U.S. Tax Changes Loom For Digital Assets
Trish Turner, the U.S. Internal Revenue Service veteran running its digital assets effort, is the latest senior official leaving for the private sector.

Indonesia to Raise Taxes on Crypto Transactions: Reuters
Sellers using exchanges located in the country will have to pay a 0.21% tax on the transaction value, up from 0.1%, Reuters said.

U.S. Digital Assets Tax Policy Getting Hearing During 'Crypto Week'
The House Ways and Means Committee is set on July 16 to examine how to set up proper taxation for the crypto sector.

UK Crypto Users Could Face $408 Fine for Failure to Provide Certain Information
HMRC said the information will help users' crypto activity be linked to their tax record to work out how much tax is payable.

Crypto Tax Proposal That Didn't Make It to Trump's Budget Bill Pushed on Its Own
Senator Cynthia Lummis has introduced a standalone bill to pursue the same objectives to ease up on several tax concerns involving digital assets activity.

Senator Seeks to Waive U.S. Taxes on Small-Scale Crypto Activity in Big Budget Bill
The effort from Senator Cynthia Lummis is one of several crypto tax provisions in an amendment aimed at reducing tax burdens in core areas of the industry.

Slovenia Moves to Tax Crypto Profits at 25%
The tax would apply to profits from selling crypto for fiat currency or goods and services, but not to swapping one cryptocurrency for another.

Crypto's IRS Victory Reveals Reach in Congress That Demands Less Compromise
As the industry moves forward with bills on stablecoins and market-structure rules, the kind of dealing lobbyists were prepared to make may no longer be needed.

Crypto for Advisors: It's Tax Time
The 2024 tax year has come to a close, and tax filing season is now upon us. If you’ve been trading crypto, here are some key things you need to consider.

Netherlands Starts Consulting on Crypto Tax Reporting Bill
The bill would require crypto services to share their users data with tax authorities.

