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💼 Universal declaration of income in Armenia: what to do with cryptocurrency? 🇦🇲Starting in 2023, Armenia is gradually implementing a system of universal declaration of individual income. By 2025, every resident will be required to report their income and assets, including cryptocurrency operations. What does this mean for cryptocurrency owners? 🤔 1. Mandatory declaration: Income from cryptocurrency operations is subject to declaration. This applies to both direct transactions and P2P transactions.

💼 Universal declaration of income in Armenia: what to do with cryptocurrency? 🇦🇲

Starting in 2023, Armenia is gradually implementing a system of universal declaration of individual income. By 2025, every resident will be required to report their income and assets, including cryptocurrency operations.
What does this mean for cryptocurrency owners? 🤔
1. Mandatory declaration: Income from cryptocurrency operations is subject to declaration. This applies to both direct transactions and P2P transactions.
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2 years in prison for unreported profits from bitcoin sales in Texas🤦🏻‍♂️💸📰 News that shook the crypto world! 🚨 An early bitcoin investor from Austin, Texas, found himself at the center of one of the most significant cryptocurrency legal precedents. Frank Richard Algren III, who has been actively investing in bitcoin since 2011, was sentenced to two years in prison for tax evasion on $4 million in profits from cryptocurrency sales.

2 years in prison for unreported profits from bitcoin sales in Texas🤦🏻‍♂️💸

📰 News that shook the crypto world! 🚨
An early bitcoin investor from Austin, Texas, found himself at the center of one of the most significant cryptocurrency legal precedents. Frank Richard Algren III, who has been actively investing in bitcoin since 2011, was sentenced to two years in prison for tax evasion on $4 million in profits from cryptocurrency sales.
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• Authorities #ОАЭ exempted all cryptocurrency transactions from value added tax (5%), and this decision is retroactive - from January 1, 2018. • This step helps legitimize cryptocurrencies and allows companies working with digital assets to return previously paid VAT. • The tax exemption also applies to services such as investment fund management and conversion of virtual assets. • The UAE is among the leaders in the adoption of digital assets along with Singapore and Turkey. #налоги #turkey #новости
• Authorities #ОАЭ exempted all cryptocurrency transactions from value added tax (5%), and this decision is retroactive - from January 1, 2018.

• This step helps legitimize cryptocurrencies and allows companies working with digital assets to return previously paid VAT.

• The tax exemption also applies to services such as investment fund management and conversion of virtual assets.

• The UAE is among the leaders in the adoption of digital assets along with Singapore and Turkey.

#налоги #turkey #новости
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🚀 Detroit accepts cryptocurrency for tax payments! 🚀 Detroit has become the first major city in the U.S. to allow residents to pay taxes and city fees with cryptocurrency through the PayPal platform. 🤯 This move is part of the city's initiative aimed at integrating new technologies for the convenience of residents. Now, crypto payments are not only possible but welcomed! 🏙️💰 "This initiative not only makes tax payments easier — it highlights Detroit's commitment to becoming a home for blockchain innovations," said Mayor Mike Duggan. Starting mid-2025, cryptocurrency payments will be available for anyone who wants to support the city's progressive approach. 🌐✨ Detroit has joined the states of Colorado, Utah, and Louisiana, which have already accepted crypto payments for government services. Are you waiting for crypto to become part of everyday life? 💬 #Detroit #Crypto #налоги #blockchain
🚀 Detroit accepts cryptocurrency for tax payments! 🚀

Detroit has become the first major city in the U.S. to allow residents to pay taxes and city fees with cryptocurrency through the PayPal platform. 🤯 This move is part of the city's initiative aimed at integrating new technologies for the convenience of residents. Now, crypto payments are not only possible but welcomed! 🏙️💰

"This initiative not only makes tax payments easier — it highlights Detroit's commitment to becoming a home for blockchain innovations," said Mayor Mike Duggan. Starting mid-2025, cryptocurrency payments will be available for anyone who wants to support the city's progressive approach. 🌐✨

Detroit has joined the states of Colorado, Utah, and Louisiana, which have already accepted crypto payments for government services. Are you waiting for crypto to become part of everyday life? 💬

#Detroit #Crypto #налоги #blockchain
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💰 Buffett vs. Taxes 💰 Warren Buffett stated that his Berkshire Hathaway paid $26.8 billion in taxes in 2024! 🤯 This is 5% of all taxes paid by corporate America. It turns out, one company is filling the gap for hundreds of others! 🧐 What do you think, should big corporations pay more taxes or is it fine as it is? 🔄 Repost, let everyone know who is pulling the economy! #Баффет #Налоги #Новости #криптотренды
💰 Buffett vs. Taxes 💰

Warren Buffett stated that his Berkshire Hathaway paid $26.8 billion in taxes in 2024! 🤯

This is 5% of all taxes paid by corporate America. It turns out, one company is filling the gap for hundreds of others!

🧐 What do you think, should big corporations pay more taxes or is it fine as it is?

🔄 Repost, let everyone know who is pulling the economy!

#Баффет #Налоги #Новости #криптотренды
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🌍 What can and cannot be done with crypto in Russia 🇷🇺🔥 The cryptocurrency world in Russia is not as wild as it seems! Although laws are gradually emerging, there are still things to consider. Here's what you need to know if you are a tax resident of Russia and own crypto: 📜 Is it possible to accept payments in crypto? No! Payment for goods and services with cryptocurrency is prohibited for tax residents. Officially, crypto does not replace the ruble - and this is unlikely to change in the near future.

🌍 What can and cannot be done with crypto in Russia 🇷🇺

🔥 The cryptocurrency world in Russia is not as wild as it seems! Although laws are gradually emerging, there are still things to consider. Here's what you need to know if you are a tax resident of Russia and own crypto:

📜 Is it possible to accept payments in crypto?

No! Payment for goods and services with cryptocurrency is prohibited for tax residents. Officially, crypto does not replace the ruble - and this is unlikely to change in the near future.
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🟡 Slovenia is preparing a 25% tax on profits from cryptocurrencies 💶 The Ministry of Finance of Slovenia has proposed to introduce a 25% tax on income from the sale of cryptocurrencies — for the first time for citizens not conducting business. 🔍 What exactly are they planning to tax: • Sale of crypto for fiat (for example, in €) • Payment for goods and services with cryptocurrency → Exchange of crypto for crypto — tax-free 📋 Innovations: — Annual declaration must be submitted by March 31 — All tokens purchased before 2026 will receive a "zeroed" price (starting from January 1, 2026) — Central Bank digital currencies, e-money, NFTs, and security tokens are exempt from tax 📊 Ministry of Finance forecast: up to €25 million in revenue per year ⚖️ Argument — "equality" between crypto investors and stock traders 👥 Public discussion is currently ongoing — the law has not yet been adopted 💭 Investors in the region should prepare — transparent transaction accounting will become mandatory. Subscribe — we will discuss how to pay less and avoid penalties 🟡 #crypto #налоги #Словения #биткойн #регулирование
🟡 Slovenia is preparing a 25% tax on profits from cryptocurrencies

💶 The Ministry of Finance of Slovenia has proposed to introduce a 25% tax on income from the sale of cryptocurrencies — for the first time for citizens not conducting business.

🔍 What exactly are they planning to tax:
• Sale of crypto for fiat (for example, in €)
• Payment for goods and services with cryptocurrency
→ Exchange of crypto for crypto — tax-free

📋 Innovations:
— Annual declaration must be submitted by March 31
— All tokens purchased before 2026 will receive a "zeroed" price (starting from January 1, 2026)
— Central Bank digital currencies, e-money, NFTs, and security tokens are exempt from tax

📊 Ministry of Finance forecast: up to €25 million in revenue per year
⚖️ Argument — "equality" between crypto investors and stock traders
👥 Public discussion is currently ongoing — the law has not yet been adopted

💭 Investors in the region should prepare — transparent transaction accounting will become mandatory.

Subscribe — we will discuss how to pay less and avoid penalties 🟡
#crypto #налоги #Словения #биткойн #регулирование
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