UAE Tax authority to levy VAT from Crypto mining service providers
The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) issued a clarification regarding VAT (Value Added Tax) for ...
Tag: Tax
Kyrgyzstan crypto mining tax collection falls 50% year-over-year in 2024
A report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly ...
Russia approves 15% tax on crypto mining and transactions
Russia has approved an amendment to a draft bill introducing taxes on crypto transactions and mining activities, Interfax reported on ...
Bitcoin mining profits in Russia to face new 15% tax rules, officials say
The Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving ...
Japan’s new Minister hints at crypto tax reform to boost blockchain growth
Japan’s new Digital Transformation Minister hints at crypto tax reforms to boost the nation’s blockchain sector and foster innovation in ...
Russia mined over $3 billion in Bitcoin last year, boosting tax revenue amid sanctions
Russian lawmakers pass bill legalizing Bitcoin mining, crypto payments for international trade Adoption 1 month agoThe bill, which was first ...
Japan’s Web3 Support Continues: Tax Reforms and Solving Social Problems
Takeru Saito, Japan’s Minister of Economy, Trade, and Industry, announced tax reforms intended to nurture the growth of startups in ...
Crypto mining tax rates to rise? All about IMF’s new proposal
IMF proposes electricity tax hikes on crypto miners Per the agency, the levy would help address miners to reduce their ...
IMF proposes 85% power tax hike on crypto and AI data centers
The International Monetary Fund (IMF) has proposed higher energy taxes to reduce emissions from crypto miners and artificial intelligence (AI) ...
Crypto mining ‘strengthens America’s energy grids’ – A 30% tax means…
Per Senator Lummis, a 30% tax on Bitcoin mining could push the industry outside the country. She cited the Laffer ...
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