Tag: Taxes

A New Bitcoin World

What UK Bitcoin Investors Should Know as Tax Deadline Approaches

The deadline for submitting tax returns in the UK is Jan. 31, 2019. If you hold investments in bitcoin or any other cryptocurrency it is important to be aware you may owe corporation tax, income tax, or capital gains tax depending on your activities. The U.K.’s HM Revenue and Customs (HMRC) has shared its most recent […]

The post What UK Bitcoin Investors Should Know as Tax Deadline Approaches appeared first on Bitcoin News.


January 16, 2019 0

Venezuela Decrees Crypto Operators Must Pay Taxes in Cryptocurrencies

Venezuela Decrees Crypto Operators to Pay Taxes in CryptocurrenciesThe Venezuelan government has published a decree requiring taxpayers with crypto operations in the country to pay their taxes in cryptocurrencies. Similarly, operators of foreign currencies must pay their taxes in those currencies. The decree states that the change is necessary for the “strengthening of the current fiscal regime.” Also read: Indian Supreme Court Moves Crypto Hearing, […]

The post Venezuela Decrees Crypto Operators Must Pay Taxes in Cryptocurrencies appeared first on Bitcoin News.


January 9, 2019 0

Bitcoin ATMs Most Common Scam Payment Method in Australia

The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority. Also Read: IMF: Central Banks Could Issue Digital Currency Tax […]

The post Bitcoin ATMs Most Common Scam Payment Method in Australia appeared first on Bitcoin News.


November 15, 2018 0

Brazil’s Tax Authority Goes After Cryptocurrency Profits

Brazil's Tax Authority Goes After Cryptocurrency ProfitsBrazil’s tax authority has published proposals to regulate the cryptocurrency landscape over concerns digital assets are being used to launder money and evade tax. A document released by the Department of Federal Revenue of Brasil (RFB) disclosed plans that will force cryptocurrency traders to reveal their identities and for exchanges to submit financial reports to […]

The post Brazil’s Tax Authority Goes After Cryptocurrency Profits appeared first on Bitcoin News.


November 3, 2018 0

World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe

World's Biggest Banks Help Clients Steal $63 Billion in Taxes in EuropeEurope’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a complex scheme of trading stocks that also involved hedge funds and large international commercial law firms. Also […]

The post World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe appeared first on Bitcoin News.


October 21, 2018 0

Start a Business – Do Not Ask for Permission, Skip the Bank Account

Start a Business – Ask For No Permission, Skip the Bank AccountDoing business, relying on your own abilities and talents to make a living, shouldn’t be so hard to start. But unlike the times when almost everyone was a farmer, a craftsman, a merchant, basically a businessman, in today’s realities overreaching state regulations, initial capital needs, unhealthy competition from the bigwigs in an industry, often present […]

The post Start a Business – Do Not Ask for Permission, Skip the Bank Account appeared first on Bitcoin News.


September 12, 2018 0

Russians Design а ‘Beautiful’ Mining Rig

Russians Design а ‘Beautiful’ Mining RigA Russian design studio has developed a “beautiful” cryptocurrency mining rig. The fashionable “Freer” is a modular, customizable home mining device. It comes in different colors, displays and sets of ports, depending on the requirements of the client. Meanwhile, members of the Russian crypto community have urged the government to classify individual miners as self-employed which […]

The post Russians Design а ‘Beautiful’ Mining Rig appeared first on Bitcoin News.


September 4, 2018 0

Venezuelans to Be Paid at Least Half a Petro a Month

Venezuelans to Be Paid at Least Half a Petro a MonthAnnouncing a 60-fold increase of the minimum monthly salary, President Maduro promised Venezuelans they will be paid at least 0.5 petro, once his monetary reforms are in place next week. The national crypto will be exchanged at a rate of $60 USD and the new “sovereign bolivar” will be pegged to the digital coin.    […]

The post Venezuelans to Be Paid at Least Half a Petro a Month appeared first on Bitcoin News.


August 19, 2018 0

These Countries Won’t Tax Your Bitcoins Too Much

These Countries Won’t Tax Your Bitcoins Too MuchA growing number of governments can’t resists the temptation to get their hands on some of the bitcoins their citizens are making. Several states, however, think that leaving some breathing space for crypto users and entrepreneurs is a better idea in the long run. Crypto-friendly tax regimes can still be found around the world. Also […]

The post These Countries Won’t Tax Your Bitcoins Too Much appeared first on Bitcoin News.


April 14, 2018 0

0 to 50% – Time to Pay Crypto Taxes in the European “Union”

0 to 50% – Time to Pay Crypto Taxes in the European “Union”With the increasing popularity of bitcoin and the like, this year’s tax campaign in Europe comes with many questions on how to report and pay crypto taxes. Despite the obvious hesitation on the part of many governments to comprehensively regulate/legalize the sector, cryptocurrency incomes and profits “enjoy” special attention. Different decisions on the matter pose […]

The post 0 to 50% – Time to Pay Crypto Taxes in the European “Union” appeared first on Bitcoin News.


March 23, 2018 0