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New Zealand Confirms Virtual Currencies Are Property For Tax Purposes

by Mary Swire, Tax-News.com, Hong Kong

Thursday, April 19, 2018

New Zealand has joined a number of territories in confirming this month that virtual currency transactions are taxable as property, in new guidance that was issued at the beginning of the month. Read Full Story

 


Poland Draws Fire For 'Draconian' Virtual Currency Tax Policy

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, April 17, 2018

A petition has been started in Poland in protest at the Government's new transaction tax on cryptocurrency trading, which is expected to be applied retrospectively. Read Full Story

 


IRS Explains How To Calculate Transition Tax Liability

by Mike Godfrey, Tax-News.com, Washington

Thursday, April 12, 2018

The US Internal Revenue Service and the Department of the Treasury have released comprehensive guidance on how to calculate liability to the Transition Tax, provided for in Section 965 of the Tax Cuts and Jobs Act, and explained elections available to taxpayers. Read Full Story

 


SARS Sets Out Expectations On Virtual Currency Tax Compliance

by Mary Swire, Tax-News.com, Hong Kong

Friday, April 6, 2018

The South African Revenue Service on April 6, 2018, warned taxpayers that they are expected to declare cryptocurrency gains or losses in calculating their taxable income. Read Full Story

 


Australia Provides Update On International Tax Enforcement

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, April 4, 2018

In comments to the TPMinds International Conference in late March, Deputy Commissioner Mark Konza outlined the Australia Taxation Office's priorities in the area of international tax enforcement, with an especial focus to be placed on the energy and resources sector and pharmaceutical industry. Read Full Story

 


Australia Consults Taxpayers On Virtual Currency Taxation

by Mary Swire, Tax-News.com, Hong Kong

Monday, March 26, 2018

The Australian Tax Office has launched a new consultation on potential reforms to ease the complexity for taxpayers of complying with their virtual currency tax obligations. Read Full Story

 


IRS Warns Taxpayers On Virtual Currency Tax Compliance

by Mike Godfrey, Tax-News.com, Washington

Monday, March 26, 2018

The US Internal Revenue Service on March 23 warned taxpayers that they must report income from virtual currency transactions in their income tax returns. Read Full Story

 


Bermuda To Regulate Initial Coin Offerings

by Mike Godfrey, Tax-News.com, Washington

Friday, March 23, 2018

Bermuda's Premier and Minister of Finance, David Burt, told the island's parliament last week that his government will shortly release a draft Bill to regulate initial coin offerings in Bermuda. Read Full Story

 


Australia Warns Of Bitcoin Tax Scam

by Mary Swire, Tax-News.com, Hong Kong

Monday, March 19, 2018

The Australian Taxation Office has warned taxpayers to beware of scammers demanding Bitcoin or other cryptocurrency as a form of payment for fake tax debts. Read Full Story

 


Mauritius Finalizes CbC Reporting Regulations

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, March 8, 2018

Mauritius last month released the Income Tax (Country-by-Country Reporting) Regulations 2018, setting out the jurisdiction's rules concerning the filing by multinational groups of transfer pricing documentation. Read Full Story

 

 

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