PYMNTS
JANUARY 7, 2021
South Korea will begin taxing crypto benefits 20 percent, from both buying and selling, beginning in 2023, according to a report from Asia Today. million won (about $2,200) from digital assets will be hit with the 20 percent tax. The report stated the tax announcements were made Wednesday (Jan.
PYMNTS
NOVEMBER 26, 2018
Ohio is leading the charge in terms of accepting bitcoin as a payment method, as it is the first state to accept bitcoin to cover tax bills. The state will eventually open it up to individual tax filers as well. The state will eventually open it up to individual tax filers as well.
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Bank Innovation
FEBRUARY 20, 2018
Israel is going to put a tax on cryptocurrencies including bitcoin, regulators in the country said yesterday. According to a circular by Israel Tax Authority yesterday, the government said it looks at cryptocurrencies as a property rather than a currency, and therefore it will be taxable.
PYMNTS
FEBRUARY 10, 2019
Despite the fact that it’s rejected a number of bitcoin exchange-traded fund (ETF) proposals, a commissioner at the U.S. While a number of bitcoin ETF proposals have requested SEC approval, none have been approved. In other news, New Hampshire is considering a law that would allow residents to pay their taxes with cryptocurrency.
PYMNTS
JANUARY 15, 2019
Bitcoin investors took a massive hit in 2018 – and, according to personal finance company Credit Karma, most of them don’t realize they can write off the losses on their tax returns. According to a report in MarketWatch , citing Jagjit Chawla, general manager of tax at Credit Karma, U.S. investors lost $1.7
PYMNTS
JANUARY 3, 2019
3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. state to offer this way of paying for business taxes, noted Overstock in the press release. Ohio is the first U.S. Ohio is the first U.S.
PYMNTS
NOVEMBER 14, 2018
And scammers in Australia are trading iTunes vouchers for bitcoin as their payment of choice, TheNextWeb reported. That is, the bitcoin automated teller machine (ATM) payments have become more common than iTunes vouchers in reports of scam payments to the Australian Taxation Office. million at the time.)
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