Category: TAXATION

Philippines Tax Agency Targets Axie Infinity Players — ‘It’s Taxable, Subject To Income Tax’

According to a regional report, the Philippines Bureau of Internal Revenue (BIR) is focusing on the blockchain-powered game Axie Infinity over tax concerns. Finance Undersecretary Antonette Tionko explained to the…

Iranian Tax Authority Urges Regulators To Legalize Cryptocurrency Exchanges

The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the legalization of their activities, fearing…

Ukraine Unveils Roadmap To Integrate Cryptocurrencies By 2024

Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration. The authors of the new strategy want to see half of Ukrainians using…

Turkish Draft Law Regulating Cryptocurrencies Enters Parliament In October

The Turkish government has prepared a bill designed to implement new regulations for the country’s crypto space. The legislation, which will be filed in the parliament this fall, will introduce…

South Korean Financial Supervisory Service Tasked With Crypto Market Oversight

The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over…

Brazilians Who Held $1,000 In Crypto Last Year Must Report It On Tax Returns By End Of May

Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little…