Category: Taxation

Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700

By July 30, 2022 ban, Cash, Finance, israel, Israeli, Law, Legislation, limits, money, Money Laundering, Payments, restrictions, shekel, Tax, tax authority, tax evasion, Taxation, Taxes, transactions 0 Comments
New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is to improve the fight against organized crime, money laundering, and tax......
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Albania to Start Taxing Crypto-Related Income From 2023

By June 25, 2022 albania, Albanian, bill, Crypto, crypto assets, crypto income, crypto profits, Cryptocurrencies, Cryptocurrency, draft law, Legislation, Regulation, Regulations, Tax, Taxation 0 Comments
Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations. Albania......
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Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate

By May 26, 2022 Bids, capital gains, Crypto, crypto gains, crypto taxation, Cryptocurrencies, Cryptocurrency, Gains, income, lawmakers, motions, parliament, parties, Portugal, Portuguese, Profit, Proposals, Tax, Taxation, Taxes 0 Comments
Two proposals to tax crypto assets have failed to gain support from Portuguese lawmakers who are now discussing the state budget. The bids came from minority left-wing parties, while the ruling majority is yet to put forward its own draft to......
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Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

By April 17, 2022 bill, bills, Crypto, Cryptocurrencies, Cryptocurrency, Digital Assets, draft law, draft laws, Government, Law, Laws, Legislation, parliament, Regulation, Regulations, Russia, russian, State Duma, Tax, Taxation, Taxes, Tokens 0 Comments
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market for......
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Bank of Russia Has Tools to Restrict Crypto Investments, Governor Hints

By December 19, 2021 ban, Bank, Bank of Russia, Bitcoin, CBR, Central Bank, Central Bank of Russia, Crypto, crypto exchange, crypto investments, Crypto investors, crypto mining, Crypto Purchases, crypto trade, Cryptocurrencies, Cryptocurrency, Elvira Nabiullina, Exchange, Governor, Instruments, Mining, monetary authority, Nabiullina, Payments, prohibition, Regulation, regulator, Russia, russian, Tax, Taxation, Tools, trade, transactions 0 Comments
The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina has recently indicated that the regulator has the means to restrict......
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Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

By November 10, 2021 Anatoly Aksakov, Bank of Russia, budget receipts, Central Bank, Crypto, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, Electricity, entrepreneurial activity, entrepreneurs, idea, income, Miners, Mining, ministries, parliament, rates, Regulation, Regulations, revenues, rules, Russia, russian, Russian Federation, State Duma, tariffs, Tax, Taxation 0 Comments
Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian......
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Slovenia Launches Public Consultations on Crypto Taxation Law

By October 28, 2021 amendments, Changes, conversions, Crypto, crypto taxation, crypto-friendly, Cryptocurrencies, Cryptocurrency, draft law, Europe, European Union, Exchange, Fiat, fiat money, finance ministry, income tax, Law, lawmakers, Legislation, Ljubljana, parliament, Proposals, Purchases, sales, slovenia, Slovenian, Tax, tax regime, Taxation, Taxes 0 Comments
Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to......
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Crypto Mining Should Be Registered and Taxed in Russia, Financial Market Committee Chair Says

By September 12, 2021 Activity, Aksakov, amendments, Anatoly Aksakov, Bank of Russia, CBDC, Central Bank, chairman committee, Changes, Crypto, crypto mining, Cryptocurrencies, Cryptocurrency, Digital Currency, digital ruble, Duma, financial market, Law, lower house, Mining, parliament, register, Russia, russian, Russian parliament, State Duma, Taxation 0 Comments
Cryptocurrency mining should be registered as entrepreneurial activity and taxed as such, according to Anatoly Aksakov, chairman of Russia’s parliamentary Financial Market Committee. The lawmaker also thinks Russian digital currency regulations need refinement. Amendments Likely to Affect Mining, Taxation, Definition of......
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