Tax
UAE Signs OECD Crypto Tax Data-Sharing Agreement
The United Arab Emirates took a step toward aligning its digital asset policies with international tax standards by signing the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF). The UAE’s Ministry of Finance (MOF) announced the agreement on Saturday, formalizing the UAE’s commitment to implementing the Organisation […]
Ukraine’s Parliament Supports Crypto Tax Bill at First Reading
The Verkhovna Rada, Ukraine’s parliament, passed the first reading of a bill to legalize and tax cryptocurrency on Wednesday, according to lawmaker Yaroslav Zhelezniak. If signed into law, the bill would significantly shape the digital asset economy in the country, which ranks among the world’s top in crypto adoption. According to Zhelezniak’s announcement on a […]
Brazil’s Crypto Tax Grab Signals What’s Coming Next
Opinion by: Robin Singh, CEO of Koinly Crypto may be the first tax lever governments pull when scrambling for more revenue, if Brazil’s recent move is anything to go by. In June, Brazil scrapped its tax exemption for minor crypto gains and introduced a flat 17.5% tax on all capital gains from digital assets, regardless […]