On December 13, 2017, India's Income Tax (IT) department swooped in on at least nine bitcoin exchanges to look into alleged tax evasion before announcing its intention to impose capital gains
taxes on adopters.
Not exact matches
The 1st of January 2017 was a seminal date in the war against offshore
tax evasion because it is the date
on which financial accounts in existence in jurisdictions in the «late»
adopters of the Common Reporting Standard (CRS), will have to be reported, even if they are closed after this date.
Sales
tax is determined based
on where the
adopter lives, not where the rescue is based, so it will change from adoption to adoption.
* The adoption fee paid to a rescue which has 501 (c)(3) non-profit status can not be claimed as a deductible charitable donation
on the
adopter's income
tax return.
Following HB 589's passage, NCSEA and our partners worked in Fall 2017 and early 2018 with Duke Energy to co-design a program that would attract potential clean energy
adopters waiting for the right time to install solar
on their homes and businesses, a segment of the market that has been largely unsupported by consumer - friendly policies since the sunset of NC's Renewable Energy Investment
Tax Credit at the end of 2015.
101 governments have meanwhile signed the OECD Standard for Automatic Exchange of Financial Account Information in
Tax Matters (AEI, AEoI) and have thus agreed to send information on foreign account holders to the home tax authority of each account holder, beginning with information from the year 2016 or, for later adopters, 20
Tax Matters (AEI, AEoI) and have thus agreed to send information
on foreign account holders to the home
tax authority of each account holder, beginning with information from the year 2016 or, for later adopters, 20
tax authority of each account holder, beginning with information from the year 2016 or, for later
adopters, 2017.
It's importantly to know that with brand new flagship handsets like the S9, the networks and resellers almost always place what we'll call an «early
adopter tax»
on pre-order deals.
As Indian authorities continue to be perfectly ambiguous over guidelines or regulations for cryptocurrency
adopters and the industry respectively — bitcoin and cryptocurrencies are neither legal nor illegal, nor regulated in India — the country's official taxation department is perfectly clear
on its foray to collect
taxes from individuals in the country.
After outlining their intent to collect
taxes from bitcoin
adopters raking in profits from this year's soaring gains, India's official
tax authority will reportedly zero in
on certain individuals» overall wealth when investigating their bitcoin profits.
In it, the government is asking
adopters to file
taxes on capital gains as well as seeking details of their «total holdings and the source of funds», per the report, having seen one of the
tax notices issued.
Last week, a senior
tax official said as many as 400,000 - 500,000 bitcoin
adopters are set to receive notices wherein «they will have to pay capital gains
tax on the bitcoin investments and trade.»