Netherlands Starts Consulting on Crypto Tax Reporting Bill
The Netherlands launched a consultation on Thursday on a bill that would require crypto services to share their users’ data with tax authorities.
tax
UAE Exempts Crypto Transactions From Value Added Tax
The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority.
Turkey Shelves Additional Plans to Tax Stocks and Crypto: Bloomberg
We don’t have a stocks tax on our agenda. It was discussed previously and fell from our agenda, Vice President Cevdet Yilmaz told Bloomberg, talking about plans that also affect crypto.
Japans Financial Regulator Mulls Taxing Crypto as a Financial Asset
A change in the regime could result in lower taxes for some crypto investors.
IRS Shares New Crypto Tax Form, Invites Industry Input
The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA.
Binance Has Challenged India’s $86M Tax Showcause Notice: Source
Binance, the world’s largest cryptocurrency exchange, has “challenged” a nearly $86 million tax notice from India’s Directorate General of Goods and Services Tax Intelligence (DGGI), a person directly involved with the matter told CoinDesk.
India to Release Its Crypto Policy Stance by September After Stakeholder Consultations: Report
India plans to put out a discussion paper outlining its policy stance on cryptocurrencies before September, according to Indian news outlet Moneycontrol citing an interview with Senior Finance Ministry Official Ajay Seth.
Biden’s Nonsensical Proposed 30% Tax Would Kill Bitcoin Mining in the U.S.
(President Joseph Biden, on Twitter/X)
Binance Money Laundering Trial in Nigeria Pushed to June 20 Due to Executive’s Illness
Binance’s head of financial crimes compliance Tigran Gambaryan is seriously ill, his lawyers said.
Coinbase to Target Australia’s Self-Managed Pension Funds: Bloomberg
Coinbase is developing a service which will specifically target Australia’ self-managed pensions sector, the exchange’s Asia-Pacific Managing Director John O’Loghlen told Bloomberg.