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Israeli court determined bitcoin as an asset
...erty for tax purposes, therefore it will tax cryptocurrency as it does any other transacted commodity. As such, trading in cryptocurrencies is subject to a capital gains tax of 25% in case of private investors. It is worth noting that, individuals (crypto traders or crypto miners) associated with businesses, are liable to a 17 percent value-added tax in addition to capital gains tax. Read our ...
Path: BlogControversy on 30% Crypto Tax in India
...volved in crypto trading to file income tax returns even if they make as little as a cent from crypto profits: the usual minimum income tax to file a return is INR 250,000 (around $3,345). Another rule that is being criticized by many is that the crypto traders will be not allowed to offset their losses from the market. It means crypto traders cannot offset losses from crypto trading against th...
Path: Blog