Her Majesty’s Revenue and Customs (HRMC) on Friday updated its tax policy related to cryptocurrency in the UK. Here’s what you need to know to stay compliant with the British taxman. Continue reading What You Need to Know About the Queen’s Crypto Tax Update
Tag Archives: Tax
IRS Claims to Prioritize Tax Rules for Crypto Investors but Lacks Urgency
Cryptocurrency investors may soon have more clarity on how the IRS will tax their holdings now that the agency has said it is making that a priority. Continue reading IRS Claims to Prioritize Tax Rules for Crypto Investors but Lacks Urgency
Australia Chases Crypto Investors for Every Tax Dollar Owed in Shakedown
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It will now be harder for Australians to under-declare or over-declare the taxes they owe on their crypto holdings or transactions. Continue reading Australia Chases Crypto Investors for Every Tax Dollar Owed in Shakedown
CRYPTOCURRENCY TAXES: WHAT YOU NEED TO KNOW
Taxes are one of the most important things to consider when dealing with assets of any kind, especially since failure to do so could lead to problems with the IRS. Some people are not aware that cryptocurrency is an asset, just like any other asset class when it comes to taxes. But the process may seem so complicated that people fail to file in their tax returns. Continue reading CRYPTOCURRENCY TAXES: WHAT YOU NEED TO KNOW
Tax Nightmare: 10,000 Bitcoin Trades Net Swedish Man Nearly $1 Million in Taxes
Linus Dunker, a Swedish crypto trader, was shocked to receive a bill for almost $1 million from the Swedish Tax Agency, claiming that the tax demand is “unreasonable.” The case is one of a growing number of cryptocurrency-related cases being taken up by the agency, with several bitcoin traders receiving tax bills for millions of Swedish kronor since last year. Continue reading Tax Nightmare: 10,000 Bitcoin Trades Net Swedish Man Nearly $1 Million in Taxes