Crypto Exchanges Want Clarification About TDS Liability When Moving Operations Overseas

Crypto Exchanges Want Clarification About TDS Liability When Moving Operations

Mumbai: Some cryptocurrency exchanges who have moved or are planning to leave India have contacted their tax advisors to determine if they are still required to comply with the 1% TDS regulation. Many tax experts have said that if an exchange opens an office outside the country, the tax authorities may have trouble collecting the … Read more

Cryptocurrency Exchanges Want Clarification On Who TDS Is Liable If They Move Operations Overseas

Mumbai: Some cryptocurrency exchanges that have relocated or are looking to leave India have contacted their tax advisors to determine if they are still required to comply with the 1% TDS regulations. Many tax experts have said that if an exchange opens an office outside the country, the tax authorities may have trouble collecting the … Read more

Crypto Clarification: New Government Regulation Proposals

1651346447 Crypto Clarification New Government Regulation Proposals

March has been a busy month for crypto clarification, with the Organization for Economic Co-operation and Development and the Biden administration releasing blueprints. The OECD has published a public consultation document outlining a proposed global tax transparency framework for crypto-assets. The proposal would require crypto exchanges to share transaction details with foreign tax authorities and … Read more