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Tag: Taxation

Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector

May 5, 2023 wp-bot Bitcoin News

The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes

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UK Treasury seeks input on taxing DeFi staking and lending

April 28, 2023 wp-bot Cointelegraph

The proposed regulatory changes seek to simplify how DeFi returns are taxed and reduce the “administrative burden” for taxpayers.

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China Fines Bitmain $3.6 Million for Tax Violations, Report

April 13, 2023 wp-bot Bitcoin News

Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the

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New tax rules could mean a US exodus for crypto companies

April 10, 2023 wp-bot Cointelegraph

A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for

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Bitcoin Profits Deemed Taxable by Denmark’s Supreme Court

April 1, 2023 wp-bot Bitcoin News

Profits from the sale of cryptocurrencies like bitcoin are taxable, according to two rulings by the Supreme Court of Denmark. The verdicts in the cases,

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Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025

April 1, 2023 wp-bot Bitcoin News

Tax exemptions for companies and individuals legally working with cryptocurrencies in Belarus will remain in place until Jan. 1, 2025. A new presidential decree extends

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