UK Tax Authority Seeks DeFi Tax Changes
A new tax system for staking and lending on decentralised protocols is being developed in the UK.
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Latest firstDenmark Court: Tax Now Applicable on Bitcoin Gains
The Supreme Court of Denmark has decided that profits from the sale of Bitcoin (BTC) are taxable.
El Salvador’s President Plans to Scrap Taxes on Tech Innovations
El Salvador's President Nayib Bukele announced that he would submit a proposal to the legislature that would abolish all taxes on new hardware and software developments.
UK Adds Crypto Capital Gains Disclosure In Tax Forms
U.K. residents will be mandated to disclose the value of their crypto holdings, beginning in the following tax year, which runs through April 2025.
Arizona lawmakers intend to exempt crypto from taxation
Arizona voters will decide if the cryptocurrency is tax-exempt in November 2024 as part of a ballot question if the bill passes the legislature.
Colombia Intends to Introduce a CBDC as Quickly as Feasible
Key Takeaways: The head of Colombia’s tax agency suggested that the country’s central bank might launch a digital currency. Colombian tax evasion, which is thought to account for up to 8% of GDP, could be reduced using a national digital…
Thailand approves relaxed tax rules for digital assets
As per the reports, the ministry of finance, Thailand approves relaxed tax rules for investments in digital assets this step is taken in order to help promote and develop the industry following a surge in cryptocurrency trading in Southeast Asia’s…
