IRS to Require Third-Party Reporting on Crypto Transactions Starting in 2025 (Report)
The IRS's new 2025 rule will require centralized crypto platforms to report user transaction data.
Taxation News and Updates
Recent Taxation News
IRS Issues New Notice That Eases Burden for CeFi Crypto Investors
IRS's 2025 crypto relief for CeFi users is automatic. Taxpayers are not required to file or take action immediately.
Interpol Issues Red Notice to Hex Founder Richard Heart
Finnish authorities claim Heart evaded taxes between 2020 and 2024, with alleged unpaid dues amounting to hundreds of millions of
South Korean Ex-Lawmaker Faces 6-Month Prison Sentence Over Hidden Crypto Holdings
Prosecutors have accused Kim of concealing crypto profits of $1.5 million and transferring assets into bank accounts to avoid detection.
Binance, WazirX, and Other Crypto Firms Accused of Tax Evasion in India: Report
Binance faces $86M in unpaid GST demands and scrutiny over $480M in transaction fees reportedly funneled to Nest Services Ltd.
Russia Advances Crypto Taxation Bill, Awaiting Putin’s Signature
Russia's crypto tax framework introduces a 13%-15% sales tax and exempts mining services from VAT under strict reporting rules.
Investors Mock Italian Government’s Move to Raise Crypto Taxes to 42%
Many fear Italy's increased tax burden will drive crypto investors to relocate to friendlier jurisdictions.
It’s Official: Harris Supports The Unrealized Capital Gains Tax
Harris’s economic advisor tried to ease concerns about how perilous the tax could be, but CNBC’s hosts weren’t buying it.
Does Harris Want To Tax Your Unrealized Bitcoin Gains? Here’s What’s Going On
Kamala Harris’s campaign says she’ll support the tax increases on wealthy earners already proposed by Biden – which will likely
India Maintains High Crypto Tax Rate Despite Industry Pressure
India's budget retains 1% crypto TDS, rejecting industry calls for a 0.01% rate and progressive taxation on gains.
