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OECD's consultation paper proposes crypto asset reporting framework to ensure fair reporting of crypto assets for effective taxation.
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OECD's consultation paper proposes crypto asset reporting framework to ensure fair reporting of crypto assets for effective taxation.
OECD was seeking the crypto industry's input for a new global tax transparency framework.
While most crypto exchanges in India welcomed the announcement, lawyers urged to consider the exact implications.
It also gave the government pointers on how to decide taxation of crypto assets, starting with its classification under the law.
Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.
In India, the taxation of digital services has grown with the explosion of internet access since the mid-2010s.
The additional charges are to cover the equalisation levy that was introduced by the Indian government last year, which led to pushback from US...
The Federation of All India Vyapar Mandal (FAIVM), a pan-India body of traders and retailers, has recommended that the government impose a tax of...
Disagreement over global digital taxes may result in unilateral taxes and increased trade disputes, triggering a global trade war that could potentially shave off 1%...
By Stella Joseph and Niraj Hande Effective April 1, 2020, India has expanded its regime of equalization levy to cover ‘e-commerce supply’ by non-resident...
