Tag: Tax

IRS, Janet Yellen Press Lawmakers To Push ‘Tax Compliance Agenda’ — Banks To Report Deposits, Withdrawals Of $600

On Wednesday, U.S. Internal Revenue Service (IRS) commissioner Charles Rettig and Janet Yellen, the Treasury secretary, urged lawmakers to give the IRS permission to report annual inflows and outflows from…

Slovenia Prepares To Impose 10% Tax On Spending And Selling Cryptocurrency

The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax…

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…