Japanese Lawmaker Proposes 4 Tax Cuts for Crypto Users and Traders

Japanese Lawmaker Proposes 4 Tax Cuts for Cryptocurrency Users and TradersA Japanese lawmaker has proposed four changes to Japan’s tax law to benefit crypto users and traders as well as widen the adoption of cryptocurrency in the country. The current tax rate of 55 percent could be lowered to 20 percent while crypto-to-crypto trading and small payments could be exempt from taxation. Also read: Indian Supreme […]

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Israel Tax Authority Launches Offensive on Undisclosed Crypto Earnings

Israel Tax Authority Launches Offensive on Undisclosed Crypto EarningsLocal reports have asserted that the Israel Tax Authority has launched a renewed crackdown on unreported cryptocurrency earnings. The Israeli tax regulator has opened hundreds of tax accounts and sent letters of notice to Israeli citizens suspected of failing to disclose earnings derived from cryptocurrency-relate activities. Also Read: $1 Million BTC Options Position Set to Expire […]

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Law Firm: South Africa’s Draft Tax Law Could Affect Cryptocurrency Use

Law Firm: South Africa's Draft Tax Law Could Affect Cryptocurrency UseA South African law firm has published a short essay on proposed tax legislation for cryptocurrency in the country. Cox Yeats Attorneys, a Durban-based firm, argues that the Taxation Laws Amendment Bill, published by the National Treasury in July, will be bad for the digital asset industry, according to local media reports. Also read: Uganda to Regulate […]

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