PYMNTS
JANUARY 7, 2021
South Korea will begin taxing crypto benefits 20 percent, from both buying and selling, beginning in 2023, according to a report from Asia Today. million won (about $2,200) from digital assets will be hit with the 20 percent tax. The report stated the tax announcements were made Wednesday (Jan.
PYMNTS
FEBRUARY 10, 2019
Despite the fact that it’s rejected a number of bitcoin exchange-traded fund (ETF) proposals, a commissioner at the U.S. While a number of bitcoin ETF proposals have requested SEC approval, none have been approved. In other news, New Hampshire is considering a law that would allow residents to pay their taxes with cryptocurrency.
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PYMNTS
JANUARY 3, 2019
3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. state to offer this way of paying for business taxes, noted Overstock in the press release. Ohio is the first U.S. Ohio is the first U.S.
PYMNTS
OCTOBER 21, 2020
A hacking organization released receipts for $10,000 in charitable contributions to two groups made through bitcoin, the BBC reported. The hackers published the contribution in addition to tax receipts for 0.88 in bitcoin ( valued at approximately $10,515 as of 7:04 P.M. The price of bitcoin was $11,954.07
PYMNTS
AUGUST 7, 2019
And it pointed out that the lack of hard transaction information that encompasses off- and on-chain activity makes for a partial view of the market for digital assets. Ted Budd (NC) has reintroduced the Virtual Value Tax Fix Act, Coindesk reported. Patrick McHenry ’s (NC) enthusiasm for digital currency — and bitcoin especially.
PYMNTS
JULY 13, 2020
South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. Abra, which works by letting users bet on price movements of listed U.S.
PYMNTS
FEBRUARY 25, 2020
New Zealand is considering changes to its treatment of cryptocurrencies, including dropping a tax on goods and services that many people are unhappy with, according to CoinDesk. The goods and services tax (GST) is unpopular with some. That means a “double tax” could later be applied with income tax, after the coin has changed hands.
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