Tag: Crypto Tax Bill

  • India Sends 44,000 Tax Notices to Crypto Traders

    India Sends 44,000 Tax Notices to Crypto Traders

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    Oscar

    India’s crypto investors are under growing scrutiny as the Income Tax Department launches a massive compliance drive, issuing over 44,000 notices to individuals accused of underreporting or failing to declare crypto income. The sweeping campaign is part of the government’s broader effort to rein in undisclosed gains from virtual digital assets (VDAs), including Bitcoin and…

  • Russia Approves Crypto Tax Bill: Miners to Pay 13-15% on Revenues

    Russia Approves Crypto Tax Bill: Miners to Pay 13-15% on Revenues

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    by

    Oscar

    Russian lawmakers have passed a groundbreaking crypto tax bill, introducing levies of 13% to 15% on Bitcoin miners’ revenues. The legislation also formally recognizes cryptocurrency as “property” for the first time, providing legal clarity for the nation’s burgeoning crypto sector. Tax Structure for Miners Under the new law, miners earning up to 2.4 million rubles…