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Tax

Knowledge Innovations > Tax

Treasury and IRS Propose New Reporting Rules for Digital Asset Sales

  • August 28, 2023
  • Theodora Kwening
  • Cryptocurrency
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...
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Crypto Poses Significant Tax Problems—and They Could Get Worse

  • July 28, 2023
  • Kwami Ahiabenu
  • Cryptocurrency
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...
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Tax

Electronic tax administration: Insights from Rwanda

  • July 14, 2023
  • Kwami Ahiabenu
  • Publications
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...
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New York Bill Accepts Crypto Payments to State Agencies

  • January 30, 2023
  • Theodora Kwening
  • Cryptocurrency
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...
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Source: https://allafrica.com/stories/202202010140.html

Nigeria to tax Crypto Transactions

  • December 6, 2022
  • Theodora Kwening
  • Cryptocurrency
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...
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Tax

Uganda to impose VAT on Facebook, Netflix

  • June 21, 2022
  • Kwami Ahiabenu
  • FinTech Applications
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...
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EMERGING TECH TRENDS – ETT May 1, 2025: Insights into technologies shaping the future May 1, 2025
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