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Search Results for: Crypto tax

MetaMask and CoinLedger Join Forces for Enhanced Crypto Tax Reporting

MetaMask, a provider of Web3 self-custody wallets, and CoinLedger, a tech company that focuses on software for reporting crypto taxes, announced their alliance on March 18. Users of MetaMask will benefit from improved compatibility and functionality thanks to the collaboration. Moreover, a news release states that CoinLedger’s tax reporting software

March 19, 2024 1 min read

Indonesia’s Regulatory Body Calls for Assessment of Crypto Taxation Policies

The Commodity Futures Trading Regulatory Agency (Bappebti) of Indonesia has reportedly requested that the Ministry of Finance evaluate the country’s policy on the taxation of cryptocurrencies. Members of Bappebti’s executive staff have reportedly asked for a review of the 0.11 percent income tax on cryptocurrency and the 0.1 percent value-added

March 2, 2024 1 min read

Japan Eases Crypto Tax Burden for Businesses in 2024 Reform

The Japanese government adopted the framework for crypto tax reform for fiscal year 2024 at a cabinet meeting that took place on December 22nd. A major adjustment affecting firms holding crypto assets comes with this change. Corporations owning virtual currencies issued by third parties are no longer subject to the

December 24, 2023 1 min read

Nexo and Koinly Collaborate for Effortless Crypto Tax Reporting

The premier digital assets institution, Nexo, has announced its strategic merger with Koinly, an innovative crypto tax software solution, as a critical step toward meeting the growing need for reliable crypto tax reporting solutions. The partnership was created in direct response to the industry’s demand for more efficient, smooth financial statement production

November 30, 2023 3 mins read

Glassnode Exits Crypto Tax Space as Blockpit Acquires Accointing

Blockpit, a cryptocurrency tax software provider, has purchased competitor Accointing from blockchain analytics company Glassnode, extending its presence in the United Kingdom. The value of the transaction was not revealed by either firm. It was, however, a “multi-million dollar” transaction, as Florian Wimmer, CEO of Blockpit, revealed. Blockpit said on

November 7, 2023 2 mins read

Slovakia Cuts Down Crypto Tax Rate Dramatically to 7%

Lower crypto taxes and other measures impacting the crypto sector were approved by the National Council of the Slovak Republic, Slovakia’s parliament. An amendment that would lower individual income tax on gains from the sale of cryptocurrency held by the holder for a minimum of twelve months was approved by

June 30, 2023 2 mins read

Nigeria to Impose 10% Crypto Tax as President Signs Finance Act

The Finance Act, 2023 was signed into law by outgoing Nigerian President Muhammadu Buhari on his last day in office, May 28. The legislation enacts a number of tax changes designed to bring the country’s tax system into the contemporary era. Gains from the sale of digital assets, such as

June 10, 2023 1 min read

CoinTracker Partners With H&R Block to Streamline Crypto Tax Filing Process

Partnership Eliminates Complexities of DIY Crypto Tax Filing, Helping Users Remain Tax Compliant SAN FRANCISCO–(BUSINESS WIRE)–CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, today announced its partnership with H&R Block for the 2023 tax season, a leading tax preparation company. Through the partnership, users can now

March 9, 2023 4 mins read