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🚨 ICYMI: 🇺🇸 IRS Confirms Crypto = Property, Not Immediate Tax! 💰 The IRS still treats crypto as property, meaning it’s not taxed until you sell, swap, or spend it. 💎 But if you gift or transfer more than $19,000 per person in 2025, you’ll need to file Form 709 (Gift Tax Return). 🧾 Smart move: track your cost basis and keep records the IRS definitely will. 👀 #cryptotax #USGovShutdownEnd? #StrategyBTCPurchase #BTC #IRS $BTC $WLD $ASTER
🚨 ICYMI: 🇺🇸 IRS Confirms Crypto = Property, Not Immediate Tax! 💰

The IRS still treats crypto as property, meaning it’s not taxed until you sell, swap, or spend it. 💎

But if you gift or transfer more than $19,000 per person in 2025, you’ll need to file Form 709 (Gift Tax Return). 🧾

Smart move: track your cost basis and keep records the IRS definitely will. 👀

#cryptotax #USGovShutdownEnd? #StrategyBTCPurchase #BTC #IRS $BTC $WLD $ASTER
🇺🇸 U.S. CRYPTO TAX UPDATE — 2025 The IRS continues to classify crypto as property, not currency — meaning your tax obligations depend on what you do with your assets: 🔹 No tax when you simply buy and hold your crypto. 🔹 Capital gains tax applies when you sell, trade, or spend it. 🔹 Income tax applies to staking rewards, airdrops, or earned crypto. 🔹 Gift rule: Any crypto gifts exceeding $19,000 per person in 2025 require Form 709 filing. 📊 Staying compliant isn’t just smart — it protects your profits and peace of mind. #CryptoTax #IRS #ETH
🇺🇸 U.S. CRYPTO TAX UPDATE — 2025

The IRS continues to classify crypto as property, not currency — meaning your tax obligations depend on what you do with your assets:

🔹 No tax when you simply buy and hold your crypto.
🔹 Capital gains tax applies when you sell, trade, or spend it.
🔹 Income tax applies to staking rewards, airdrops, or earned crypto.
🔹 Gift rule: Any crypto gifts exceeding $19,000 per person in 2025 require Form 709 filing.

📊 Staying compliant isn’t just smart — it protects your profits and peace of mind.
#CryptoTax #IRS #ETH
URGENT: Your $BAGS Are NOT Cash! This is CRITICAL. Crypto is property, not currency. Know the rules or risk everything. NO tax when you buy & hold. Capital gains hit when you sell, swap, or spend. Income tax applies when you stake, earn, or receive airdrops. Gifts over $19,000 per person (2025) demand Form 709. Winners stay compliant. Protect your future. Don't let ignorance wipe out your $ETH and $BTC gains. The clock is ticking. Act now. Secure your wealth. Disclaimer: This is not financial or tax advice. Consult a professional. #CryptoTax #TaxCompliance #ProtectYourGains #SmartMoney #Web3 🚀 {future}(BTCUSDT)
URGENT: Your $BAGS Are NOT Cash!

This is CRITICAL. Crypto is property, not currency. Know the rules or risk everything.

NO tax when you buy & hold.
Capital gains hit when you sell, swap, or spend.
Income tax applies when you stake, earn, or receive airdrops.
Gifts over $19,000 per person (2025) demand Form 709.

Winners stay compliant. Protect your future. Don't let ignorance wipe out your $ETH and $BTC gains. The clock is ticking. Act now. Secure your wealth.

Disclaimer: This is not financial or tax advice. Consult a professional.

#CryptoTax #TaxCompliance #ProtectYourGains #SmartMoney #Web3
🚀
🚨 *JUST IN:* *$83 Billion Coinbase* urges *U.S. Congress* to *remove capital gains taxes* on *#Bitcoin* used for everyday payments! 🧾💥 ⚡ Goal: Make crypto practical for daily use 📢 Regulatory clarity = Mass adoption boost! #Crypto #Bitcoin #coinbase #cryptotax #Blockchain #FinTech #CongressInquiry $BTC $ETH $BNB
🚨 *JUST IN:*
*$83 Billion Coinbase* urges *U.S. Congress* to *remove capital gains taxes* on *#Bitcoin* used for everyday payments! 🧾💥

⚡ Goal: Make crypto practical for daily use
📢 Regulatory clarity = Mass adoption boost!

#Crypto #Bitcoin #coinbase #cryptotax #Blockchain #FinTech #CongressInquiry $BTC $ETH $BNB
🚨 Bitcoin Tax Update (US) 🚨 David Bailey, crypto advisor to Trump, says there’s a 75% chance Congress may scrap Bitcoin capital gains tax. ⚡ (This is his personal forecast, not confirmed law.) 💰 Current rules: Short-term gains (<1 yr): taxed as ordinary income (10–37%) Long-term gains (>1 yr): taxed 0–20% Until Congress acts, crypto gains must be reported and taxed. ⚠️ Disclaimer: Informational only — not financial, legal, or tax advice. Always consult a professional. #Bitcoin #CryptoNews #CryptoTax #CapitalGains #Write2Earn
🚨 Bitcoin Tax Update (US) 🚨

David Bailey, crypto advisor to Trump, says there’s a 75% chance Congress may scrap Bitcoin capital gains tax. ⚡ (This is his personal forecast, not confirmed law.)

💰 Current rules:

Short-term gains (<1 yr): taxed as ordinary income (10–37%)

Long-term gains (>1 yr): taxed 0–20%


Until Congress acts, crypto gains must be reported and taxed.

⚠️ Disclaimer: Informational only — not financial, legal, or tax advice. Always consult a professional.

#Bitcoin #CryptoNews #CryptoTax #CapitalGains #Write2Earn
BREAKING NEWS: France Just Labeled Your $Crypto 'Unproductive'! Get Ready To ACT. France is declaring war on digital assets, labeling crypto as "unproductive wealth" and planning brutal taxes. This isn't just a French issue—it's a global red flag. Governments are watching your $BTC ETH gains. The window for strategic moves is slamming shut. Don't let your portfolio be caught off guard. Elite traders are already adapting. Protect your bags NOW. Act decisively. This is not financial advice. Do your own research. #CryptoTax rketAlert #FOMO althProtection #TradeNow {future}(BTCUSDT)
BREAKING NEWS: France Just Labeled Your $Crypto 'Unproductive'! Get Ready To ACT.

France is declaring war on digital assets, labeling crypto as "unproductive wealth" and planning brutal taxes. This isn't just a French issue—it's a global red flag. Governments are watching your $BTC ETH gains. The window for strategic moves is slamming shut. Don't let your portfolio be caught off guard. Elite traders are already adapting. Protect your bags NOW. Act decisively.

This is not financial advice. Do your own research.

#CryptoTax rketAlert #FOMO althProtection #TradeNow
🚨 BREAKING: 🇫🇷 France Targets Crypto with New Wealth Tax! 💰⚖️ The government plans to classify crypto holdings as “unproductive wealth” — sparking major backlash across the community. 😡 Critics call it “economically unjust”, warning this move could push innovation and capital offshore. 🌍💸 Will this policy slow France’s crypto growth — or fuel a new wave of decentralization? 🤔💥 #Binance #Bitcoin #CryptoTax #DeFi #InnovationVsRegulation
🚨 BREAKING: 🇫🇷 France Targets Crypto with New Wealth Tax! 💰⚖️
The government plans to classify crypto holdings as “unproductive wealth” — sparking major backlash across the community. 😡

Critics call it “economically unjust”, warning this move could push innovation and capital offshore. 🌍💸

Will this policy slow France’s crypto growth — or fuel a new wave of decentralization? 🤔💥

#Binance #Bitcoin #CryptoTax #DeFi #InnovationVsRegulation
BREAKING NEWS: France Just Dropped a $BOMB on Your Crypto Wealth! France is moving to tax crypto as "unproductive wealth." This isn't just a regulatory shift; it's a direct hit on your holdings. Critics are already calling it "economically unjust." This could trigger massive market volatility for $BTC, $ETH, and altcoins across the board. The time to assess your positions and make moves is NOW. Don't let your gains be eroded. Smart money is already reacting. Are you prepared for this seismic shift? Protect your portfolio. Act fast. Disclaimer: Not financial advice. Always do your own research. #CryptoTax #France #MarketAlert #FOMO #TradeNow 🚀 {alpha}(560x7e975d85714b11d862c7cffee3c88d565a139eb7)
BREAKING NEWS: France Just Dropped a $BOMB on Your Crypto Wealth!

France is moving to tax crypto as "unproductive wealth." This isn't just a regulatory shift; it's a direct hit on your holdings. Critics are already calling it "economically unjust." This could trigger massive market volatility for $BTC, $ETH, and altcoins across the board. The time to assess your positions and make moves is NOW. Don't let your gains be eroded. Smart money is already reacting. Are you prepared for this seismic shift? Protect your portfolio. Act fast.

Disclaimer: Not financial advice. Always do your own research.

#CryptoTax #France #MarketAlert #FOMO #TradeNow 🚀
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HOT NEWS: France Just Introduced Some Money $BOMB On Your Crypto Wealth! France is proceeding to tax crypto as "ineffective wealth." This is not just a regulatory change; it is a direct blow to your assets. Critics have called it "economically unfair." This could trigger significant volatility in the market for $BTC, $ETH, and altcoins across the board. It's time to assess your position and take action NOW. Don’t let your profits erode. Smart money has started to react. Are you prepared for this massive change? Protect your portfolio. Act fast. Notice: Not financial advice. Always do your own research. #CryptoTax #France #MarketAlert #FOMO #TradeNow 🚀
HOT NEWS: France Just Introduced Some Money $BOMB On Your Crypto Wealth!

France is proceeding to tax crypto as "ineffective wealth." This is not just a regulatory change; it is a direct blow to your assets. Critics have called it "economically unfair." This could trigger significant volatility in the market for $BTC, $ETH, and altcoins across the board. It's time to assess your position and take action NOW. Don’t let your profits erode. Smart money has started to react. Are you prepared for this massive change? Protect your portfolio. Act fast.

Notice: Not financial advice. Always do your own research.

#CryptoTax #France #MarketAlert #FOMO #TradeNow 🚀
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🚨 FRENCH PARLIAMENT PASSES CRYPTO ASSET TAX BILL! A significant legal move has just come from France that could set a precedent for all of Europe. Lawmakers in the French National Assembly have officially passed a measure aimed at bringing crypto assets under the purview of property taxes. This is a major step forward in tightening regulations. 🔹 Main content: An amendment in the 2025 budget bill has been approved, proposing to classify cryptocurrency holdings as "non-yielding assets" and subjecting them to property tax (IFI). 🔹 Objective: The French government believes this measure is necessary to modernize the tax base, ensure fairness, and prevent wealthy individuals from using crypto to evade property taxes. 🔹 Not the final law: It should be noted that this is only the first step. This bill still needs to go through the entire legislative process, including approval by the Senate, before it officially takes effect. 💡 Significance & Impact: This move indicates that major governments are becoming increasingly sophisticated in how they approach crypto. They no longer view it merely as an asset to be taxed on capital gains, but are looking to integrate it into more complex property tax frameworks. 🔮 Perspective: This raises a big question: Is this the starting gun for a wave of tightened regulation on crypto property taxes across the European Union in the coming years? #France #cryptotax #Regulation #CryptoNews $BTC
🚨 FRENCH PARLIAMENT PASSES CRYPTO ASSET TAX BILL!
A significant legal move has just come from France that could set a precedent for all of Europe. Lawmakers in the French National Assembly have officially passed a measure aimed at bringing crypto assets under the purview of property taxes.
This is a major step forward in tightening regulations.
🔹 Main content: An amendment in the 2025 budget bill has been approved, proposing to classify cryptocurrency holdings as "non-yielding assets" and subjecting them to property tax (IFI).
🔹 Objective: The French government believes this measure is necessary to modernize the tax base, ensure fairness, and prevent wealthy individuals from using crypto to evade property taxes.
🔹 Not the final law: It should be noted that this is only the first step. This bill still needs to go through the entire legislative process, including approval by the Senate, before it officially takes effect.
💡 Significance & Impact:
This move indicates that major governments are becoming increasingly sophisticated in how they approach crypto. They no longer view it merely as an asset to be taxed on capital gains, but are looking to integrate it into more complex property tax frameworks.
🔮 Perspective:
This raises a big question: Is this the starting gun for a wave of tightened regulation on crypto property taxes across the European Union in the coming years?
#France #cryptotax #Regulation #CryptoNews $BTC
France wants to tax your HODL! 💸 The French Parliament just approved a 1% annual tax on crypto holdings above €2M — even on unrealized gains. Critics say it could push investors to sell or move abroad. #CryptoTax #France #Bitcoin #CryptoNews #Web3
France wants to tax your HODL! 💸

The French Parliament just approved a 1% annual tax on crypto holdings above €2M — even on unrealized gains.
Critics say it could push investors to sell or move abroad.

#CryptoTax #France #Bitcoin #CryptoNews #Web3
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Bullish
South Korea has plan to seize and liquidate crypto holdings from residents who fail to pay their local taxes, issuing notices to debtors as it ramps up enforcement on digital asset arrears. The move signals a broader trend in South Korea toward tighter regulation and monitoring of crypto assets used to evade payments and tax obligations. Authorities revealed that 17 individuals owing roughly 124 million Korean won (about $88,600 USD) have been targeted in this latest action, with previous seizures in the region reaching tens of thousands of dollars in crypto. The initiative is part of a wider push by South Korean regulators and financial institutions to integrate blockchain tracking and tokenization of government services, including VAT refunds as they seek to modernize public finance systems and limit fraud through crypto. #cryptonews #cryptotax #southkoreacrypto #digitalcurrency #web3news
South Korea has plan to seize and liquidate crypto holdings from residents who fail to pay their local taxes, issuing notices to debtors as it ramps up enforcement on digital asset arrears. The move signals a broader trend in South Korea toward tighter regulation and monitoring of crypto assets used to evade payments and tax obligations.

Authorities revealed that 17 individuals owing roughly 124 million Korean won (about $88,600 USD) have been targeted in this latest action, with previous seizures in the region reaching tens of thousands of dollars in crypto.

The initiative is part of a wider push by South Korean regulators and financial institutions to integrate blockchain tracking and tokenization of government services, including VAT refunds as they seek to modernize public finance systems and limit fraud through crypto.

#cryptonews #cryptotax #southkoreacrypto #digitalcurrency #web3news
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$ETH $ZEC $ZEN 📢 Breaking! The U.S. Treasury drops a super bombshell on the crypto market! 🔥🔥🔥 The U.S. Treasury has just released a historic signal, officially announcing that 'unrealized gains' on crypto assets (including ETH and BTC) held by corporations will not be subject to the 15% corporate tax under the Corporate Alternative Minimum Tax (CAMT) regulations! 🔥 What does this mean? 1. Lifting institutional concerns: In the past, companies like MicroStrategy that held large amounts of BTC or ETH would be forced to pay high taxes due to the 'paper wealth' (unrealized gains) brought about by rising cryptocurrencies. Now, this huge tax barrier has been removed! 2. Institutional funding accelerator: Corporate finance departments can more confidently include ETH on their balance sheets for reserves, and institutional adoption of Ethereum will explode! 3. Official level recognition: This initiative represents a significant endorsement and recognition from the U.S. government at the regulatory level for crypto assets (especially ETH and BTC), solidifying their status as institutional-grade assets! 🚀 The engine for a new wave of ETH explosion has been ignited! Are you still on the sidelines? Leave a comment below to share your thoughts👇 #UStreasury #cryptotax #ETHBullish #CryptoNews #小奶狗 {future}(ZECUSDT) {future}(ZENUSDT) {future}(ETHUSDT)
$ETH $ZEC $ZEN

📢 Breaking! The U.S. Treasury drops a super bombshell on the crypto market! 🔥🔥🔥

The U.S. Treasury has just released a historic signal, officially announcing that 'unrealized gains' on crypto assets (including ETH and BTC) held by corporations will not be subject to the 15% corporate tax under the Corporate Alternative Minimum Tax (CAMT) regulations!
🔥 What does this mean?
1. Lifting institutional concerns: In the past, companies like MicroStrategy that held large amounts of BTC or ETH would be forced to pay high taxes due to the 'paper wealth' (unrealized gains) brought about by rising cryptocurrencies. Now, this huge tax barrier has been removed!
2. Institutional funding accelerator: Corporate finance departments can more confidently include ETH on their balance sheets for reserves, and institutional adoption of Ethereum will explode!
3. Official level recognition: This initiative represents a significant endorsement and recognition from the U.S. government at the regulatory level for crypto assets (especially ETH and BTC), solidifying their status as institutional-grade assets!

🚀 The engine for a new wave of ETH explosion has been ignited! Are you still on the sidelines?
Leave a comment below to share your thoughts👇

#UStreasury
#cryptotax
#ETHBullish
#CryptoNews
#小奶狗
𝐒𝐥𝐨𝐯𝐞𝐧𝐢𝐚 𝐖𝐚𝐧𝐭𝐬 𝐚 𝐁𝐢𝐠𝐠𝐞𝐫 𝐒𝐡𝐚𝐫𝐞 𝐨𝐟 𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐨𝐟𝐢𝐭𝐬 ➤ 𝟐𝟓% 𝐓𝐚𝐱 𝐏𝐫𝐨𝐩𝐨𝐬𝐞𝐝! Slovenia is planning to raise its crypto tax from 10% to 25% on trading profits, starting January 1, 2026 — if the new law is approved. ➤ Who will be taxed? You’ll be taxed 25% on profits if you: Sell crypto for fiat (like euros or dollars) Use crypto to buy goods or services Send crypto to someone else (as a gift or payment) ➤ Who’s safe from the tax? No tax if you: Swap crypto for another (e.g. BTC ➝ ETH) Move crypto between your own wallets But you must report earnings yearly and keep all transaction records. ➤ Why the backlash? Lawmaker Jernej Vrtovec says this could: Slow down Slovenia’s crypto growth Drive away young talent and investors Hurt innovation in the sector ➤ Government's view? Finance Minister Klemen Boštjančič argues: It’s about fair taxation Crypto is highly speculative Tax rules should be similar to stocks or real estate ➤ Crypto in Slovenia (2025 forecast): 98,000+ users expected $2.8M in market revenue Tax could bring in €2.5M to €25M per year Will this bold tax move protect fairness or scare off investors? What do you think? #CryptoTax $BTC {spot}(BTCUSDT) {spot}(USDCUSDT) {spot}(WBTCUSDT)
𝐒𝐥𝐨𝐯𝐞𝐧𝐢𝐚 𝐖𝐚𝐧𝐭𝐬 𝐚 𝐁𝐢𝐠𝐠𝐞𝐫 𝐒𝐡𝐚𝐫𝐞 𝐨𝐟 𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐨𝐟𝐢𝐭𝐬 ➤ 𝟐𝟓% 𝐓𝐚𝐱 𝐏𝐫𝐨𝐩𝐨𝐬𝐞𝐝!

Slovenia is planning to raise its crypto tax from 10% to 25% on trading profits, starting January 1, 2026 — if the new law is approved.

➤ Who will be taxed?

You’ll be taxed 25% on profits if you:

Sell crypto for fiat (like euros or dollars)

Use crypto to buy goods or services

Send crypto to someone else (as a gift or payment)

➤ Who’s safe from the tax?

No tax if you:

Swap crypto for another (e.g. BTC ➝ ETH)

Move crypto between your own wallets

But you must report earnings yearly and keep all transaction records.

➤ Why the backlash?

Lawmaker Jernej Vrtovec says this could:

Slow down Slovenia’s crypto growth

Drive away young talent and investors

Hurt innovation in the sector

➤ Government's view?

Finance Minister Klemen Boštjančič argues:

It’s about fair taxation

Crypto is highly speculative

Tax rules should be similar to stocks or real estate

➤ Crypto in Slovenia (2025 forecast):

98,000+ users expected

$2.8M in market revenue

Tax could bring in €2.5M to €25M per year

Will this bold tax move protect fairness or scare off investors? What do you think?

#CryptoTax

$BTC
“Mastering Crypto Market Dips – Your Guide for March 2025” The market’s been a rollercoaster this week, with a 3% dip on March 19 sparking panic. But dips are opportunities if you play it smart! Here’s how to navigate today: • Buy the Dip: If you believe in a coin long-term (e.g., BTC at $103K or ETH at $4,400), dollar-cost averaging can lower your average price. • Set Stop-Losses: Protect your portfolio with a 5-10% stop-loss to limit losses if the dip turns into a crash. • Stay Informed: Check X for real-time sentiment—analysts like PlanB suggest BTC could rebound to $110K by month-end if volume picks up. Quick Fact: Historically, dips under 5% recover within 7 days 75% of the time (per CryptoQuant trends). What’s your dip strategy? Let’s hear it in the comments! $BTC #CryptoTax #MarketDips #BinanceSquare
“Mastering Crypto Market Dips – Your Guide for March 2025”

The market’s been a rollercoaster this week, with a 3% dip on March 19 sparking panic. But dips are opportunities if you play it smart! Here’s how to navigate today:

• Buy the Dip: If you believe in a coin long-term (e.g., BTC at $103K or ETH at $4,400), dollar-cost averaging can lower your average price.
• Set Stop-Losses: Protect your portfolio with a 5-10% stop-loss to limit losses if the dip turns into a crash.
• Stay Informed: Check X for real-time sentiment—analysts like PlanB suggest BTC could rebound to $110K by month-end if volume picks up.

Quick Fact: Historically, dips under 5% recover within 7 days 75% of the time (per CryptoQuant trends). What’s your dip strategy? Let’s hear it in the comments!
$BTC #CryptoTax #MarketDips #BinanceSquare
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(P.2) Crypto and Taxes: What Do You Need to Know?How Countries Treat Crypto Taxes Taxation on cryptocurrencies varies significantly from country to country. Here are some of the ways some countries are handling crypto taxation: 1. United States: - In the United States, the IRS considers cryptocurrencies to be property and imposes capital gains tax on crypto transactions. Mining income is also considered income and must be reported. Crypto investors must also report each of their crypto transactions, including buying, selling, exchanging, and using crypto for payments.

(P.2) Crypto and Taxes: What Do You Need to Know?

How Countries Treat Crypto Taxes
Taxation on cryptocurrencies varies significantly from country to country. Here are some of the ways some countries are handling crypto taxation:
1. United States:
- In the United States, the IRS considers cryptocurrencies to be property and imposes capital gains tax on crypto transactions. Mining income is also considered income and must be reported. Crypto investors must also report each of their crypto transactions, including buying, selling, exchanging, and using crypto for payments.
🚨 Regulatory Shake-Up: FDIC Under Investigation + Ukraine Eyes Crypto Tax! ⚖️💰 The US House Oversight Committee is launching a probe into whether the FDIC's crypto banking restrictions were influenced by political motives or unlawful actions. 🕵️‍♂️💥 If proven, this could lead to major regulatory reforms in the US crypto sector! 🇺🇸📜 Meanwhile, Ukraine is considering a 5-10% tax on crypto income to help fund its budget. 🇺🇦💵 This move could set a precedent for other nations looking to regulate and tax digital assets. 🔹 Key Takeaways: ✅ US lawmakers scrutinizing crypto banking policies 🏦⚠️ ✅ Ukraine leveraging crypto to boost its economy 📊🚀 ✅ Potential global impact on crypto taxation & regulation 🌍💎 Will the US investigation lead to fairer crypto policies? And is Ukraine’s tax plan a smart move or a barrier to adoption? 🤔 Drop your thoughts below! ⬇️📢 #CryptoRegulations2025 #FDICExposed #CryptoTax #UkraineSummit #TodaysCryptoNews
🚨 Regulatory Shake-Up: FDIC Under Investigation + Ukraine Eyes Crypto Tax! ⚖️💰

The US House Oversight Committee is launching a probe into whether the FDIC's crypto banking restrictions were influenced by political motives or unlawful actions. 🕵️‍♂️💥 If proven, this could lead to major regulatory reforms in the US crypto sector! 🇺🇸📜

Meanwhile, Ukraine is considering a 5-10% tax on crypto income to help fund its budget. 🇺🇦💵 This move could set a precedent for other nations looking to regulate and tax digital assets.

🔹 Key Takeaways:

✅ US lawmakers scrutinizing crypto banking policies 🏦⚠️

✅ Ukraine leveraging crypto to boost its economy 📊🚀

✅ Potential global impact on crypto taxation & regulation 🌍💎

Will the US investigation lead to fairer crypto policies? And is Ukraine’s tax plan a smart move or a barrier to adoption? 🤔 Drop your thoughts below! ⬇️📢

#CryptoRegulations2025 #FDICExposed #CryptoTax #UkraineSummit #TodaysCryptoNews
Brazil's President Signs Law Imposing Taxes on Crypto Assets Held Abroad Brazilian President Luis Inácio Lula da Silva has enacted a law that imposes taxes on cryptocurrencies held abroad by Brazilian citizens. The law was signed on December 12 and published in the Official Diary of the Union on the following day. It will become effective from January 1, 2024. The tax will not only apply to cryptocurrencies but also to profits, dividends, and investments made by Brazilian taxpayers in various foreign assets. The Brazilian government aims to collect about $4 billion in new taxes in 2024. Those who start paying the taxes in 2023 will receive a benefit and pay an 8% levy on all income earned before 2023 in installments, with the first installment due in December. Starting in 2024, the tax rate will be set at 15%. Earnings of up to $1,200 will be exempt from taxation. Brazilian stablecoin issuer Transfero's controller, João Carlos Almada, points out that while taxing digital asset income is not new in Brazil, certain aspects of the law still require clarification. #cryptotax #BinanceTournament #CryptoNews Remember : generous contributions support our mission, enabling us to work diligently and provide you with the best investment advice. Your tips are instrumental in enhancing our efforts to serve you better.
Brazil's President Signs Law Imposing Taxes on Crypto Assets Held Abroad

Brazilian President Luis Inácio Lula da Silva has enacted a law that imposes taxes on cryptocurrencies held abroad by Brazilian citizens. The law was signed on December 12 and published in the Official Diary of the Union on the following day. It will become effective from January 1, 2024. The tax will not only apply to cryptocurrencies but also to profits, dividends, and investments made by Brazilian taxpayers in various foreign assets. The Brazilian government aims to collect about $4 billion in new taxes in 2024. Those who start paying the taxes in 2023 will receive a benefit and pay an 8% levy on all income earned before 2023 in installments, with the first installment due in December. Starting in 2024, the tax rate will be set at 15%. Earnings of up to $1,200 will be exempt from taxation. Brazilian stablecoin issuer Transfero's controller, João Carlos Almada, points out that while taxing digital asset income is not new in Brazil, certain aspects of the law still require clarification.
#cryptotax #BinanceTournament #CryptoNews
Remember : generous contributions support our mission, enabling us to work diligently and provide you with the best investment advice. Your tips are instrumental in enhancing our efforts to serve you better.
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