BITCOINOX

Posts Tagged ‘crypto tax’

New Zealand Has Ruled Bitcoin Transaction as Legal and Subjective to Tax

Finally, New Zealand government has legalized the acceptance of bitcoin and, also, provided a guideline for its taxation. So, the New Zealand Inland Revenue made this decision known through its monthly bulletin of July by giving a summary of the part of the constitution backing these decision (S. 91D of the Tax Administration Act of…

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IRS plans to send compliance letters to crypto investors

Following a press release on July 26, the Internal Revenue Service (IRS), The United States, is set to commence dispatching letters to investors in crypto in order to sort out all tax requirements for crypto tax. Following the assessment, it intends, in certain cases, to even compel defaulters to pay their taxes. From earlier reports,…

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