IRS Temporarily Suspends $10,000 Crypto Reporting for Businesses
The #IRS grants businesses a temporary reprieve, halting the $10,000 #crypto transaction reporting rule. Critics cite complexity. #CryptoTax #USA #CryptoRegulations
The #IRS grants businesses a temporary reprieve, halting the $10,000 #crypto transaction reporting rule. Critics cite complexity. #CryptoTax #USA #CryptoRegulations
A German court has ruled that a crypto trader who made EUR 3.6 million ($3.840 million) in profit should pay “dumb’s tax” for his gains.
India announces 30% tax on income made from digital asset sales. By April, the country plans on introducing the digital Rupee. FM Sitharaman has begun to pave a path for the legal use of digital assets in India. According to the Budget 2022 Updates, FM Sitharaman proposes a tax income via the Union Budget 2022 Cryptocurrency Taxation highlight. To specify, the FM is proposing the generation of tax from the sale of any digital asset. In detail, this tax will likely take place without any deductions. In particular, FM Sitharaman seems to be aligning with the thought that this step