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Tag: Taxation
The Australian Tax Office is Hunting for Cryptocurrency Traders to Report and Pay their Taxes
Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation
According to The Financial Review, The Australian Tax Office (ATO) is warning cryptocurrency traders that their profits from cryptocurrency trading in 2017 to 2018 will “not go unnoticed.” ATO Explains Cryptocurrency Investing The ATO has provided a very detailed and comprehensive information for Australian citizens when it comes to cryptocurrency investments. The Financial Review is certain that any cryptocurrency trader…
India May Levy 18 Percent Tax on Cryptocurrency Activities; Making it Practically Legal
Category: Altcoins, Bitcoin, Business, Finance, News, Regulation
Even though the legal acceptance of cryptocurrencies in India is not crystal clear yet, people with direct knowledge of the issue has stated that India is well on its way to levy Goods and Services Tax (GST) on any activity related to digital assets. The Statement According to a report, the Indian government may impose an 18 percent GST on…
French Authorities Slash Tax Rate on Bitcoin-related Transactions
Category: Altcoins, Bitcoin, Business, Finance, News
At a time when several countries of the world are busy slapping hefty and entirely unreasonable tax rates on bitcoin-related transactions, the French Council of State has drastically reduced the fees bitcoiners will pay to the government with effect from April 26, 2018. Movable Property According to Le Monde, French authorities have declared that the profits generated from cryptocurrency transactions…
