India adds 'crypto' assets, CBDCs to tax reporting guidelines

VAT on Crypto Payments: An EU Business Guide

There’s a myth that won’t die. “Crypto is untaxed, so if I get paid in it, the taxman looks the other way.” He does not. Accepting crypto changes how the money moves. It doesn’t change whether you owe VAT or tax on the sale. VAT on crypto payments follows the rules it always followed. If anything, they’re clearer than most business owners expect, and getting them right is mostly about record-keeping rather than anything exotic. Before we go furt…

India adds 'crypto' assets, CBDCs to tax reporting guidelines

India is updating its tax reporting guidance to include digital currencies, enhancing due diligence for financial institutions under the CARF. The post India adds ‘crypto’ assets, CBDCs to tax reporting guidelines appeared first on CoinGeek.