​Russia’s Taxation Service starts checking Russians’ cryptocurrency incomes

Apr 14, 2023

​Russia’s Taxation Service starts checking Russians’ cryptocurrency incomes

Requests are received by individuals who made transactions in 2021-2022 and filed 3-PIT returns

​Bitmain fined $3,7 million for tax violations in China

Apr 11, 2023

​Bitmain fined $3,7 million for tax violations in China

The mining company did not pay personal income tax

​More than 99% of crypto traders have not paid taxes for 2022

Apr 6, 2023

​More than 99% of crypto traders have not paid taxes for 2022

Divly’s study showed that the highest level of tax payments on cryptocurrencies is in Finland and the lowest in the Philippines

​Denmark will impose tax on profits from the sale of bitcoins

Mar 31, 2023

​Denmark will impose tax on profits from the sale of bitcoins

The decision is due to the speculative nature of the first cryptocurrency

​Belarus extends tax incentives for the crypto industry until 2025

Mar 29, 2023

​Belarus extends tax incentives for the crypto industry until 2025

The presidential decree obliges the leadership of the High-Tech Park to develop a concept for the development of the token sphere by July of next year

​UK will require citizens to declare income from cryptocurrencies

Mar 15, 2023

​UK will require citizens to declare income from cryptocurrencies

The move is expected to bring an additional $12 million to the state budget in 2025

​US President calls for 30% tax on electricity for miners

Mar 10, 2023

​US President calls for 30% tax on electricity for miners

If the proposal is approved, the rate will be raised in stages over three years at 10% per year

​WSJ learns of Biden’s plans to change the taxation of cryptocurrencies

Mar 9, 2023

​WSJ learns of Biden’s plans to change the taxation of cryptocurrencies

The measure should bring the US budget an additional $24 billion

​Russia’s Ministry of Finance supports the tax rate for miners in the amount of 7-20%

Jan 25, 2023

​Russia’s Ministry of Finance supports the tax rate for miners in the amount of 7-20%

At the moment, the deputies are discussing various taxation options — from the UTII to the income tax

​US Internal Revenue Service makes it compulsory to pay tax on profits from staking

Jan 24, 2023

​US Internal Revenue Service makes it compulsory to pay tax on profits from staking

In addition, taxpayers will have to pay part of the profits from airdrops, hard forks, and mining

​UK imposes tax breaks on crypto assets for foreigners

Jan 3, 2023

​UK imposes tax breaks on crypto assets for foreigners

The initiative is part of Prime Minister Rishi Sunak’s plans to turn the country into a crypto hub

​European Commission proposes to oblige crypto companies to disclose data on client transactions

Dec 8, 2022

​European Commission proposes to oblige crypto companies to disclose data on client transactions

If approved by the European Parliament and the European Council, the new rules will affect all firms and may come into force on January 1, 2026