Cryptocurrency Taxes

cryptocurrency taxes

India Crypto Tax Guide 2022

Indian crypto investors will have to start paying tax now that the government has made the rules clear through the Indian Finance Bill 2022. This piece is part of CoinDesk's Tax Week.

By Amitoj Singh

Apr 4, 2022 at 2:09 p.m. UTC

Apr 4, 2022

Beginner

industryLearnBeginnerIndiaTaxCryptocurrency Taxestax week

‘We Have Entered a Period of Pain,’ Says WazirX CEO of India’s New Tax Laws

Nischal Shetty, one of the most prominent figures in India’s crypto industry, talks candidly and at length about what’s at stake with the country’s new tax provisions.

By Amitoj Singh

Mar 25, 2022 at 5:58 p.m. UTC

Mar 25, 2022

IndiaRegulationWazirXNischal ShettyTaxCryptocurrency Taxes

HM Revenue and Customs Building on Whitehall, Westminster (John Lamb/Getty Images)

UK Tax Regulator Updates Guidance on Staking and DeFi Lending

How proceeds from lending or staking are taxed depends on the nature of the returns, which could be hard to determine, UK's tax agency says.

By Sandali Handagama

Feb 2, 2022 at 10:15 p.m. UTC

Feb 2, 2022

TaxHMRCCryptocurrency Taxes

South Korea’s 20% Tax on Crypto Gains Will Take Effect in 2022: Report

NFTs appear to be exempt from the crypto taxes for now because South Korea does not classify them as “virtual assets.”

By Nelson Wang

Oct 7, 2021 at 7:40 p.m. UTC

Oct 7, 2021

South KoreaCryptocurrency TaxesNFTs

IRS Tweaks Crypto Question Language on 2021 1040 Draft Form

The revised question asking taxpayers about crypto assets is much simpler and clearer.

By Nelson Wang

Jul 22, 2021 at 11:22 p.m. UTC

Jul 22, 2021

IRSCryptocurrency Taxes

UK Tax Authority Updates Treatment of Crypto Assets to Incorporate Staking

This marks the first time that HMRC has released guidance specifically describing how staking is treated for taxation purposes. It has been assumed previously that staking comes under the umbrella of mining, thus the same guidance has applied.

By Jamie Crawley

Mar 30, 2021 at 11:42 a.m. UTC

Mar 30, 2021

HMRCMiningU.KCryptocurrency TaxesStaking

Markets

Coinbase

Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS

Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.

By Jaspreet Kalra

Nov 24, 2020 at 10:25 p.m. UTC

Nov 24, 2020

CoinbaseIRStaxesCryptocurrency TaxesCrypto Taxes

Policy

Irs

IRS Violated 'Taxpayer Bill of Rights' With 2019 Crypto Letters: Watchdog

Nearly a year after the IRS sent intimidating letters to crypto holders, the agency’s watchdog says the campaign violated its Taxpayer Bill of Rights.

By Danny Nelson

Jul 14, 2020 at 5:42 a.m. UTC

Jul 14, 2020

IRSCryptocurrency Taxestaxes 2020