The US Treasury Department reiterated last week the Joe Biden government's intentions to apply new tax rules to cryptocurrency transactions and related activities.
Among the measures, “the illegalization of wash-trading and the imposition of a special tax on electricity costs for cryptominers” have…
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taxes
Government of Venezuela annuls regulation of the delivery service
The Minister of Communication and Information, Freddy Ñáñez, indicated this Thursday, February 29, that the government left the regulation of the delivery service in the country "without effect" and that it would be controlled by the Postal…
Argentina proposes to reduce taxes for those who declare their crypts
In a significant turn in economic policies, the Argentine government presented a legislative proposal to modify the treatment of cryptocurrencies in the country. The initiative seeks to incentivise the declaration of holdings of crypto…
China cut tax on stock transactions
In an effort to reinvigorate confidence in its stock market, China took a bold step by announcing a drastic measure. The Asian country has cut the tax on stock transactions in half, marking the first change of its kind since 2008. The…
Spain will apply a new tax on large fortunes
The temporary Solidarity Tax of Great Fortunes will be paid between July 1 and 31, as provided in the Order published this Monday in the Official State Gazette approving the 718 declaration model for this new tax.
In this way, the last…
Bukele eliminates taxes on technological innovations
The President of El Salvador, Nayib Bukele, promulgated the Law of Incentives for Innovation and Technology Manufacturing, whose main task is to eliminate all taxes on technological innovations.
The Salvadoran president informed of the…
Investors and cryptocurrency miners will pay taxes in Denmark
The Supreme Court of Denmark has established that Bitcoin mining and investment cannot be considered tax-free, due to the speculative nature of such activities.
Taking into account that those who buy Bitcoin estimate that they can sell…
IGTF will exempt cryptocurrency operations
Decree No. 4,784 was recently published, which exempts cryptocurrency purchase/sale operations, such as Bitcoin, and payments made with these assets for goods and services within Venezuelan territory from the payment of the Tax on Large…
Inflation in Argentina accelerates favorable position towards the creation of the digital peso
Inflation in Argentina continues to rise. Analysts estimate that by the end of 2022 it could be above 90 %. The way out of this crisis could be in the creation of the digital peso and the elimination of the current currency.
This measure,…
Germany has the most expensive fuel among its European neighbors
With the end of the so-called gasoline discount at the end of August, fuel prices in Germany were again the most expensive among its neighboring countries in the European Union, the Federal Statistical Office (Destatis) reported today.…
UK announces tax for the energy sector
The UK government announced that it will apply a package of approximately 19,000 million dollars in order to help households meet the costs of living.
Under the effect of the economic reactivation after the confinements and the spike in…
Portugal rejects regulation proposal for cryptocurrencies
The Assembly of the Republic of Portugal recently rejected the proposal to apply taxes on the use and trade with cryptocurrencies.
Initially, the proposal dictated that the Government propose a "minimum threshold of 5,000 euros on…