Hong Kong has witnessed numerous advancements in the digital assets sector these past few weeks. Notably today, TaxDAO, a Web3 Finance and Tax organisation launched the first crypto-asset tax reporting software earlier today. The software formerly named Intax was upgraded to FinTax and began seed funding today. With the launch
ConsenSys, the company responsible for the crypto wallet MetaMask, has dispelled rumors regarding its collection of taxes from cryptocurrency users. On May 22, the company clarified that these rumors stemmed from a misinterpretation of MetaMask’s terms of service, emphasizing the presence of inaccurate information. 📢 We are aware of tweets
Indian Finance Minister, Nirmala Sitharaman presented the Finance Budget 2023 for the nation on the 1st of February in Lok Sabha. And the blockchain, or cryptocurrency, or on a whole the digital assets have not gained any special mentions. But Tax Deducted at Source (TDS) penalty introduction does have an
20% tax on crypto profit delayed for 3 more years. The tax implication scheduled for 2022 has been postponed to 2025. On Thursday, fiscal chief Ko Kwang-Hyo of the Ministry of Economy and Finance stated South Korea’s planned tax on Digital assets has been postponed for another two years and
