Capital Gains Tax Latest News

Nearly 50% of crypto investigations in 2022 involved tax issues, IRS says

Crypto investigations are no longer focused on money laundering as about half of the crypto probes in 2022 involved tax, the IRS says. As per a Bloomberg report, Jim Lee, head of the Internal Revenue Service’s (IRS) criminal investigation division…

December 5, 2023 at 6:57 am

Japan approves bill scrapping unrealized gains tax for crypto businesses

Japan has approved a proposal aimed at exempting crypto businesses from paying unrealized capital gains tax on their asset holdings.

December 16, 2022 at 11:52 am

South Korea’s President-Elect Pledges to Revamp Country’s Crypto Industry

Yoon Suk-Yeol, the winner of the recently concluded presidential election in South Korea has promised to scrap capital gains tax for crypto transactions below $40k and implement amenable policies that would create an enabling environment for bitcoin (BTC) and altcoins…

March 16, 2022 at 11:00 am

South Korea: Government Mulling Taxing Cryptocurrency Capital Gains

The South Korean government is mulling imposing taxes on capital gains arising out of cryptocurrency transactions – including Bitcoin (BTC) – reports The Korea Times, December 9, 2019. South Korean Authorities Taming the Crypto Conundrum In their short history, cryptocurrencies…

December 9, 2019 at 3:00 pm