The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have proposed regulations that aim to “close the tax gap” in the sale and exchange of digital...
Tax systems need updating to cope with crypto assets, whose anonymity and decentralized nature poses challenges—not least for the value added tax. Crypto assets that can be used as...
In Rwanda, electronic tax filing and tax payment systems have been mandatory since 2015 as part of the government’s national strategy to digitalise the economy. The government has also...
A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation...
Zainab Ahmed, Nigeria’s minister of finance said there is a provision to tax cryptocurrency and other digital assets in the latest finance bill. By 2023, the Nigerian government will...
To maximize tax collection, Uganda Revenue Authority has established mechanisms to start collecting VAT from non-resident service provider companies operating in the Ugandan economy. Collection of VAT from these...