taxes

You can import ASIC to mine Bitcoin without paying taxes in Brazil

Bitcoin miner.

Bitcoin (BTC) mining equipment will be exempt from paying import taxes in Brazil, one of the countries with the highest hash rates in the world. This was decided by the Ministry of Economy of that country through a commission. In the resolution No. 339 of the Executive Committee of the Chamber of Foreign Trade (GECEX), …

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This country plans that miners pay more taxes when bitcoin rises in price

This country plans that miners pay more taxes when bitcoin rises in price

Bitcoin miners continue to experience calamities in Kazakhstan where authorities have announced new plans to increase taxes and implement a charging scheme that involves linking the tax rate to the price of the cryptocurrency. Kazakhstan’s Economy Minister Alibek Kuantyrov reported on his plans to impose a tax on bitcoin mining, which will increase tax revenue. …

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City Council of Austin, Texas, approves studying the feasibility of paying taxes with crypto – DiarioBitcoin

City Council of Austin, Texas, approves studying the feasibility of paying taxes with crypto - DiarioBitcoin

By DailyBitcoin Editor The City of Austin approves the “investigation study” for the payment of taxes in Bitcoin and cryptocurrencies. *** Ten days ago we reported that the mayor of Austin, Steve Adler, had presented proposals for the fourth largest city in Texas, USA, to analyze the acceptance of payments with cryptocurrencies and the adoption …

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Florida advances in its plans for companies to pay taxes with cryptocurrencies – DiarioBitcoin

Florida advances in its plans for companies to pay taxes with cryptocurrencies - DiarioBitcoin

By DailyBitcoin Editor The Governor of Florida reiterated that work is underway to allow businesses to pay taxes in cryptocurrencies. ***Florida Governor Ron DeSantis had announced in December 2021 that he wanted to allow the payment of state taxes with cryptocurrencies. But he did not remain in plan alone. According to report of Bloomberg progress …

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Bill by US Senator Cynthia Lummis seeks to exclude taxes for purchases of up to USD $600 in BTC – DiarioBitcoin

Bill by US Senator Cynthia Lummis seeks to exclude taxes for purchases of up to USD $600 in BTC - DiarioBitcoin

By DailyBitcoin Editor Lummis’s bill is still being drafted from last year, but some proposals have already surfaced, including the exclusion of small transaction taxes in the United States. *** Wyoming Senator Cynthia Lummis is one of the United States congressmen who are not only friendly with cryptocurrencies, but also investors. In fact, she is …

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Russian Ministry Proposes Cutting Taxes on Crypto Mining

Russian Ministry Proposes Cutting Taxes on Crypto Mining

By DailyBitcoin Editor The Ministry of Economic Development of Russia has the proposal to reduce taxes on crypto mining *** The Ministry of Economic Development of Russia announced his proposal to reduce a significant percentage of taxes on mining activities in Bitcoin within the nation. This announcement was reported by the Russian news source Izvestia. …

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President of Kazakhstan asks to quintuple taxes for crypto mining – DiarioBitcoin

President of Kazakhstan asks to quintuple taxes for crypto mining - DiarioBitcoin

For DailyBitcoin Editor A crypto mining tax was recently introduced in Kazakhstan, but the president wants more: a fivefold increase in the amount of tax. *** Kazakhstan President Kassym-Jomart Tokayev has called for an even higher tax on crypto mining. This occurs only six weeks after a new tax on the industry came into force, …

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A bill in the US seeks to eliminate taxes for small Bitcoin transactions – DiarioBitcoin

Texas could raise funds through NFT and harness 'abundant' energy to mine Bitcoin

For Hannah Perez The “Tax Equity Law for Virtual Currencies” seeks to exempt tax obligations for Bitcoin operations if the associated earnings are less than USD $200. Subscribe to the DiarioBitcoin Podcast A new legislative proposal in the United States is seeking to reduce friction in the use of Bitcoin for everyday payments by eliminating …

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When are Bitcoin mining and staking taxes paid? Debate heats up in the US

Bitmain launches new Bitcoin miner with liquid cooling system

The United States Tax Service (IRS), after receiving a lawsuit, is willing to refund the amount paid by a couple from Tennessee for staking on the Tezos blockchain. The jarrett marriage plotwhich is the plaintiff couple, is that the tokens obtained are property created by the contributors and should not be taxed unless sold or …

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