Taxing cryptocurrencies is proving to be a challenge for both authorities and taxpayers. The tax obligation and process are still a little hazy to most people in the crypto space. Bitcoin and other cryptocurrencies gained a lot of interest for lack of any regulatory obligations. Many love the digital currencies since no government or banking … Continue reading “Cryptocurrency: Understanding the Tax Process applying to Bitcoin”
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Cryptocurrency: It’s Time to Start Thinking about 2018 Taxes
It’s every one’s “favorite time” of the year again. As one of life’s two certainties, taxes can be well… the most taxing. But if you’re aware of what you can and cannot do with your money, the better off you are. While there’s still a lot of time before Tax Day April 17, gathering your … Continue reading “Cryptocurrency: It’s Time to Start Thinking about 2018 Taxes”
South African Tax Authority Not Sparing Crypto Traders
Governments don’t play games when it comes to tax. The South African government is going to full lengths to make sure cryptocurrency traders pay every tax permissible under law. A Tax Agency at Work According to Commissioner, Mark Kingon, the agency is exploring ways to better identify those that are profiting from digital assets. They … Continue reading “South African Tax Authority Not Sparing Crypto Traders”