Florida leads in U.S. crypto tax-friendliness due to no state income tax and supportive policies. New York ranks lowest with a 10.9% income tax and BitLicense. The IRS eases reporting rules, exempting businesses temporarily. Investors must grasp local tax nuances to avoid potential losses.
BerniceJapan's revised tax laws streamline corporate crypto taxation, aligning with investor norms and aiming to spark domestic entrepreneurial growth.
Hui XinThe Japanese National Tax Agency (NTA) reveals an increase in crypto tax violations, with 548 cases identified out of 615 inquiries in the fiscal year 2022. Although the average undeclared income per case dropped to $206,000, the cumulative value rose to $126.5 million, prompting calls for tax system reforms in Japan amid criticisms of the current structure's impact on firms holding coins.
JixuIsrael's parliament, the Knesset, has given initial approval to a bill that seeks to extend tax benefits currently available to ...
BitcoinistRoughly 8.5% of the African country's population owns cryptocurrencies, according to a United Nations report.
OthersThe LUNC community has voted to reduce the tax burn rate from 1.2% to 0.2%.
BeincryptoLawmakers in a European country have drafted a 2023 budget that revealed a 28% tax on crypto assets held for under a year.
BeincryptoStaking is likely to become mainstream, which could prove rather costly for U.K. taxpayers.
BeincryptoThe Japanese government has announced that it shall be evaluating the crypto tax rules which are applicable for corporations in ...
BitcoinistSouth Korean authorities have yet again postponed imposing crypto tax until 2025, mentioned in the official announcement. This new proposal ...
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