Less Than 1% of Cryptocurrency Investors Declared Their Taxes to Authorities (Study)
According to Divly, a Swedish tax firm, only 0.53% of cryptocurrency investors worldwide paid taxes on their trades last year. The average percentage.
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Study Claims 99.5% of Crypto Investors Did not Pay Taxes in 2022
The Swedish crypto tax service Divly has issued a new analysis estimating that only 0.53% of crypto investors worldwide would pay tax on.
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For unpaid taxes, South Korea seizes cryptocurrency worth US$184 million
According to local media sources, cryptocurrency assets confiscated from alleged tax evaders in South Korea in 2021 and 2022 totaled close to 260.
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The South Korean president’s intention to raise the crypto tax threshold has encountered a snag
According to a report released on Thursday, the South Korean National Assembly Research Service (NARS) asserted that a 20% tax on cryptocurrency gains.
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As a result of the 30 percent tax, the volume of Indian crypto exchanges has decreased
Just ten days after the tax rule went into effect, new data on the trading volume of Indian crypto exchanges shows a dramatic.
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The Indonesian government has set a 0.1 percent cryptocurrency tax to be implemented in May
The Indonesian Ministry of Finance’s Directorate General of Taxes has established a 0.1 percent income tax (PPh) on capital gains from crypto investments.
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A member of the Indian parliament has proposed a crypto tax of more than 30%.
A member of Parliament, Sushil Kumar Modi, has encouraged India’s finance minister, Nirmala Sitharaman. Also, to consider boosting the capital gains tax on.
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India’s new crypto tax regulation prohibits losses from being adjusted against earnings
In a move that could have a negative influence on crypto adoption in India, the government said that its pending tax law for.
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Crypto profits, according to Indian tax officials, are similar to lottery winnings
The Indian government has been hesitant to legalize cryptocurrencies. However, they are well aware that there is a lot to be made from.
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If the crypto bill is approved, Russia might collect $13 billion in taxes
Russia is making progress on its crypto bill, with the Ministry of Finance requesting public input by the middle of next month to.