Majority of US Crypto Users Unaware of New Tax Rules, Survey Finds
Despite the lack of awareness regarding new regulations, the report noted that 74% of respondents know cryptocurrency is taxable.
-
-
DOF: PH to Adopt Crypto Tax Framework By 2028 to Combat Tax Evasion
The Philippines vows to implement a global crypto-asset reporting system by 2028 to fight tax evasion and illicit financial flows under President Marcos’ transparency drive.
-
Regulate or Restrict? Salceda’s Tax Plan vs. Infrawatch’s Push to Ban Unregulated Exchanges
Weigh in on what is the better policy for foreign crypto exchanges; ban them or tax them instead?
-
Filipino Crypto Community Reacts to Proposed Taxing of Foreign Exchanges
The Filipino crypto community opposes taxing foreign and unlicensed exchanges, questioning the rationale behind taxation without regulatory support.
-
House Resolution Seeks to Tax Foreign Crypto Exchanges in PH | Key Points | Sept. 26, 2024
Filipino representative wants the government to look at taxing overseas crypto exchanges.
-
Japan Mulls Removing Corporate Tax on Crypto Gains
Japan’s ruling party proposes ending taxation on unrealized gains from cryptocurrencies, a move expected to boost the web3 industry.
-
PH Has Lowest Tax Compliance Rates According to Study, But Experts Doubt the Report’s Accuracy
Explore Divly’s controversial Global Cryptocurrency Taxation Report, which claims only 0.5% of crypto investors paid taxes in 2022, and learn why tax experts question its accuracy.
-
Portugal Eyes to Put 28% Tax on Crypto Gains
But according to the proposal, income made from crypto assets held for one year or more will continue to be tax-free.
-
Solon Will Form Working Group to Study NFT, Crypto Taxes
The economist-legislator also noted that the goods and services sold digitally “should not need any further legislation to be covered.”
-
Crypto Tax PH: No Clear Rules But Tax Code is All-Encompassing, Says Tax Expert
Sign up with your email and never miss another crypto and NFT story from the Philippines and beyond! Additional reporting from Michael Mislos Tax expert Mon Abrea said financial agencies and regulators must first implement a defined mechanism for cryptocurrency before proper taxes can be collected from it, noting that while there is no clear…
