Russia’s Ministry of Finance now wants to introduce criminal liability for undeclared crypto taxes, including prison terms of up to 3 years.
The US IRS has started to send out crypto tax warnings notices (14 August 2020) to US taxpayers looking for a declaration for their investments.
For your 2020 income tax returns, the IRS is asking whether filers sold or acquired a financial interest in any cryptocurrency.
Bolivarian Council of Mayors in Venezuela signed an agreement to mandate collecting taxes in the state's crypto Petro for 305 municipalities.
The Japan Finance Minister Taro Aso has said that he is not ready to reduce crypto tax rate in Japan to a flat 20 percent.
The IRS is seeking third-party contractors to help it assess whether certain U.S. taxpayers have properly paid taxes on their crypto holdings.
The Spanish tax authorities have started sending warning notices to 66,000 crypto holders to remind them of their tax obligations.
Experts from the South Korea's Tax Policy Association have proposed a low-level crypto income tax which will take effect next year.
South Korea is considering to impose 20% crypto income tax on transactions, classifying gains from digital asset trading as ‘other income.
A bill seeking to exempt personal crypto transactions taxes for capital gains has been reintroduced in the Congress of the United States.