Tag: Tax
Macau Gaming Tax Profits For First Six Months Of 2023 Reach US$3.33 Billion
On Friday, July 21, the Macau government disclosed that it had accumulated a total of MOP$26.8 billion, which is approximately US$3.33 billion, in gaming tax income during [more…]
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are [more…]
Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says
Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal [more…]
Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows
A survey has indicated that Hungarians would like to learn more about the long-term investment opportunities presented by cryptocurrencies. However, associated risks and insufficient information in their [more…]
Romania Carries Out Raids as Part of Crypto Tax Evasion Probe
Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following [more…]
Buenos Aires to Tax Cryptocurrency Mining in 2023
The province of Buenos Aires in Argentina will begin taxing cryptocurrency mining and possibly staking, in 2023. A new proposal modifies the tax law to introduce cryptocurrency [more…]
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which [more…]
UK Crypto Investors Can Offset Losses Under New Tax Legislation: Report
Crypto investors in the UK will be able to offset losses under new legislation, according to an expert on the matter. Speaking in an interview with Yahoo [more…]
US Senators Propose Rule To Ease Crypto Capital Gains Taxes
Two US Senators are proposing a new rule that would enact a tax exemption on a certain amount of capital gains from crypto. Cynthia Lummis (R, WY) [more…]
NFTs Causing Headaches For Accountants During Tax Season: Report
Non-fungible token (NFT) traders are bringing a new dimension to tax and accounting practices, according to US experts within the industry. In a Forbes report, CPA Sean [more…]