China’s Ministry of Finance and Ministry of Industry and Information Technology have announced an extension of the tax exemption on new energy vehicle (NEV) purchases until the end of 2023. The statement said that the above policy will apply to the purchase of certain new energy vehicles in 2023, which are listed in the official …
China extends tax exemption for new energy vehicles until end of next year Read More »
Rising inflation and super-low interest rates, in some countries even negative interest rates, let the real interest rates slide into the minus, which shrinks the purchasing power of ordinary citizens. Many therefore try their luck in stock markets or crypto markets. Even if the chances of becoming rich are minimal, people want to take the …
Investor-Friendly Jurisdictions – 3 Countries to Keep in Mind Read More »
Bitcoin price moved in negative territory again today (February 3), plunging 4.88% and hovering at $36,849.7. DIAN, the Colombian tax authority, has announced that it is taking special measures to tighten controls on taxpayers who use cryptocurrencies in transactions. The organization seeks to monitor crypto taxpayers who fail to report or misreport their activities. This …
Bitcoin Drops Nearly 5% – Colombia Tightens Crypto Regulations Read More »
Yesterday (28 Jan), the Thai tax office released an update on its latest tax policy, which focuses more on promoting the crypto market. Now, crypto traders in Thailand are able to subtract the loss rate. This approach to crypto taxation seems to have reassured many Thai traders. This caused the Thai cryptocurrency Bitkub Coin (KUB) …
Crypto Tax Laws in Thailand Clarified, Driving KUB Coin Prices Higher Read More »
Recently, the IRS has issued rules regarding the taxation of cryptocurrencies. This has caused discontent among many crypto investors. Later, the co-founder and CEO of Zipmex offered to be a spokesperson for investors in the digital asset industry in Thailand, as well as the CEO of Bitkub, to present another representative willing to talk to …
Thai Crypto Tax: Bitkub CEO Wants to Re-discuss with Tax Authority Read More »
The Thai IRS has now published that gains from the trading of digital assets such as cryptocurrencies must be taxed as they are considered income under Section 40 (4). The Thai tax authority states that this category of income falls into the same investment category as deposit interest and loan interest, and they must also …
Thai IRS Confirms ‘Profits’ From Cryptocurrency Trading Will Be Taxed Read More »