Sentences with phrase «regards to cryptocurrency taxes»

Not exact matches

After all, mass tax evasion with regard to cryptocurrency could threaten the sector as a whole (we'll get into that in a bit).

You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc..

SARS goes on to state that due to the increased attention and speculation regarding the future of cryptocurrencies it is required to provide direction as to how South Africa treats the market for tax purposes.

There has been a lot of confusion within the cryptocurrency community regarding how, when, and in what amount they will have to pay taxes this year.

With tax season looming on the horizon, a lot of people are worried about what they need to do with regard to their cryptocurrency investments.

One of the reasons why Bitcoin investors don't prefer profit booking and convert it into fiat currencies, is that there is still no clarity to most of investors regarding the tax structure on cryptocurrency profits.

The IRS has issued guidance regarding tax treatment of cryptocurrencies, but it has not yet decided everything it needs to.

Like many other tax rules regarding cryptocurrency, it's unclear whether the IRS will apply different recordkeeping standards to virtual currency.

Currently, the Commodity Futures Trading Commission and the Securities Exchange Commission both regard cryptocurrencies as commodities in the U.S. Meanwhile, the Internal Revenue Service requires that gains from cryptocurrency are also subject to federal income tax rules.

The move comes as Australian authorities attempt to seal the remaining loopholes in cryptocurrency use regarding tax and identity management.

Currently, the Commodity Futures Trading Commission and the Securities Exchange Commission both regard cryptocurrencies as commodities in the U.S. Meanwhile, the Internal Revenue Service required that gains from cryptocurrency are also subject to federal income tax rules.

In an attempt to revise laws regarding income taxes levied on cryptocurrency trading, Australia has asked the public for its input on tax obligations.

In that regard, the British government also wants to restrict the use of cryptocurrencies for tax evasion and money laundering.

A supplementary draft law «On Amendments to the Tax Code of Ukraine (regarding the stimulation of the cryptocurrency market)» has also been submitted by the end of the month.