Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,413,047,061,358.80
  • 24h Vol: $57,303,102,141.79
  • BTC Dominance: 56.47%

capital gains

south-african-tax-authorities-scrutinize-crypto-traders-amid-compliance-uncertainty

South African Tax Authorities Scrutinize Crypto Traders Amid Compliance Uncertainty

Leave a Comment / Bitcoin, capital gains, crypto exchanges, Crypto Hacked, crypto taxes, Cryptocurrency, Ethereum, News Bytes, Newsbyte-3 / / / , , , , ,

South African crypto traders have reportedly started receiving notices from the South African Revenue Service (SARS) indicating that their tax affairs are under review. The revenue collector is gathering information from various crypto-asset exchanges to assess compliance. Traders who fail to provide requested information could face criminal charges under the Tax Administration Act. SARS may […]

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italian-parliament-approves-26%-tax-for-cryptocurrency-gains-in-2023-budget-law

Italian Parliament Approves 26% Tax for Cryptocurrency Gains in 2023 Budget Law

Leave a Comment / 26%, Bitcoin, budget law, capital gains, Crypto Hacked, Cryptocurrency, Ethereum, Europe, incentives, italian parliament, Italy, Portugal, Taxes / / / , , , , , , , ,

The Italian Parliament has introduced a 26% capital tax on cryptocurrency gains as part of the 2023 budget law, which was approved on Dec. 29. The document also offers incentives for taxpayers to declare their cryptocurrency holdings, proposing a 3.5% aliquot for undeclared cryptocurrencies held before Dec. 31, 2021, and a 0.5% fine for each

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