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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

 


Israeli Tax Authority Issues Virtual Currency Tax Rules

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, March 1, 2018

The Israeli Tax Authority has clarified the country's tax rules for cryptocurrencies such as Bitcoin, in a circular issued on February 19. Read Full Story

 


Bitcoin Exchange Coinbase To Comply With IRS Tax Summons

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 28, 2018

Coinbase, a virtual currency wallet and virtual currency exchange service provider, has confirmed it will soon transmit information on the transactions of 13,000 customers to the Internal Revenue Service, as a result of an earlier court ruling. Read Full Story

 


Israel Confirms Virtual Currency Is 'Property'

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, February 21, 2018

The Israeli tax authority has decided that virtual currencies, such as Bitcoin, should be treated as a form of "property," rather than as foreign currency. Read Full Story

 


US Taxpayers 'Failing To Disclose Crypto Gains'

by Mike Godfrey, Tax-News.com, Washington

Tuesday, February 20, 2018

Very few US taxpayers are reporting cryptocurrency gains in their tax returns, according to preliminary figures published by a tax return preparation company. Read Full Story

 


Barbados Agrees To Phase Out Harmful Tax Regimes

by Mike Godfrey, Tax-News.com, Washington

Tuesday, February 13, 2018

Two Barbados preferential tax regimes have been labelled "potentially harmful" in additional guidance released by the OECD in connection with its base erosion and profit shifting project. Read Full Story

 

 

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