Please find below an overview of recent worldwide developments in respect of cryptocurrencies.
WORLD
- Crypto – what did you always wanted to know about taxation of cryptocurrencies?
- Delegation of Tokens, Staking Rewards and VAT
- Hash function applied to electronic invoicing: securing fiscal digitization thanks to cryptography
- Introduction to invoice hashing: securing VAT reporting with cryptography
AMERICAS
Canada
United States
ASIA-PACIFIC
Australia
Georgia
India
- A Loaded Question: Cryptocurrency Taxable under GST or Not
- All About Cryptocurrency like Bitcoins
- Allow taxation on cryptocurrency, define as an asset, have FDI limits: Industry body’s proposal to government
- Bitcoin trading likely to attract 18% GST: Reports
- Bitcoins – Income Tax, GST & International Taxation Structure
- Centre may impose 18% GST on bitcoin trading
- Cryptocurrency & Its Taxability: Crptocurrency is not Money, so it is covered under GST
- Decoding Cryptocurrency From GST Point Of View
- FinMin sees I-T, GST implications in the trade in crypto-currencies
- Govt weighs imposing 18% GST on bitcoin trade
- GST Applicability on Cryptocurrency
- GST applicable on services by crypto exchanges
- Proposal to levy 18% GST alarms crypto exchanges
- Taxation (GST and Income Tax) on Crypto currency like Bitcoin?
- Taxation of Bitcoins
- Taxation of Crypto Currency Transactions
New Zealand
- Cryptocurrency Likely Bringing About Change to GST in New Zealand
- Inland Revenue guidance on cryptoassets
- New Zealand introduces new tax guidance for cryptoassets
Singapore
EUROPE
European Union
- A VATCoin Solution to MTIC Fraud: Past Efforts, Present Technology, And the EU’s 2017 Proposal
- EU expands reporting obligations under DAC7 and DAC8 for the digital economy and crypto assets
- European Commission consults on extension of DAC to cryptoassets and e-money
- European Commission Publishes Roadmap to Extend Scope of Directive on Administrative Cooperation to Crypto-Assets and e-Money (DAC8)
- Exchange of Information on Crypto-Assets at the Dawn of DAC8
- Flashback on ECJ Cases C-264/14 (Hedqvist) – Buying and selling Bitcoin is exempt from VAT
- Management Plan 2021 DG TAXATION AND CUSTOMS UNION
- Strengthening rules on administrative cooperation and expanding the exchange of information (crypto-assets and e-money)
Germany
- Federal Ministry of Finance on crypto exchanges: VAT exemption for cryptocurrency trading expanded
- MOF expands VAT exemption for supplies provided by crypto exchange operators
Italy
Netherlands
- AG answers preliminary questions about VAT deductions for mining (of bitcoins) activities
- General statistical data evidence for bitcoin mining and bitcoin trading?
- Gold coins for computer role playing are not a means of payment that is exempt from VAT
- Runescape gold coins are not a virtual currency, so bitcoins are not subject to VAT exemption
- Sale of gold coins online games; no VAT exemption; no margin scheme
- Supreme Court does not answer preliminary questions about VAT deduction when mining bitcoins
- Supreme Court waives a preliminary ruling on the right to deduct VAT for bitcoin mining
- The Hague court raises questions to the Dutch Supreme Court about input VAT on bitcoin mining activities
Russia
- Investors prefer cryptocurrencies over gold (due a.o. to VAT rules)
- Russia 20% VAT on cryptocurrencies 2021
- Russia Submits Bill on Taxation of Digital Currency – 20% VAT on cryptocurrencies in 2021
Switzerland
United Kingdom
- Cryptoassets for businesses: Value Added Tax
- Treatment of transactions involving cryptoassets. New guidance
- VAT on goods exchanged for cryptocurrency
MIDDLE EAST
GCC
Saudi Arabia
AFRICA
