Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System

An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and discourage taxpayers from holding and using cryptocurrencies. Japan Government Asked to Amend Tax Laws for Crypto Gains [...]

The post Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System appeared first on Crypto Breaking News.

View Details

Italy to impose 26% crypto gains tax from 2023

Italy is planning to tighten regulation around cryptocurrencies by taxing capital gains beginning in 2023.  According to the European country’s proposed budget for next year, all digital currency profits above £2,000 will be subject to a 26% tax levy.  The provisions also declared that Italian investors who declare their digital asset holding by 2023 will […]

The post Italy to impose 26% crypto gains tax from 2023 appeared first on CryptoSlate.

View Details

India’s GST Council will Discuss Cryptocurrency Taxes in June Meet

The meeting proposed to levy a 28 percent GST on cryptocurrencies. India plans to implement reverse charge GST on users

View Details

Crypto Tax Delay, People Power Party Proposes Two-Year Extension: Report

The ruling party of South Korea, the Peoples Power Party, is leading a campaign to extend the tax on the gains made in cryptocurrency for two more years as it promised during its campaigns before the general election this April. Herald Business Daily reported that the party wants to push forward digital currency asset taxation […]

View Details

South Koreas Democratic Party pushes to implement 20% crypto tax in 2025

South Koreas Democratic Party said increasing the tax threshold to 50 million won ($36,000) would mean only big players will be affected. 

View Details