regulation
IRS plans 120-day Voluntary Disclosure Program for crypto cases
IRS-CI chief Jarod Koopman says a revised VDP will cut resolution to 120 days and lower penalties, with digital-asset cases folded into the general track.
Stories tagged: #tax
regulation
South Korea's Finance Ministry meets Upbit, Bithumb and DAXA as lawmakers push the 22% tax to 2029
The Ministry of Economy and Finance meets DAXA exchanges on October 20 as Rep. Park Min-gyu's bill would tie the 22% crypto tax start date to the OECD CARF rollout, pushing it to 2029.
regulation
Latvia's Saeima passes 10% voluntary crypto declaration, moves to investment-account tax model
Parliament adopted amendments on October 15 introducing a 10% one-time declaration on crypto held December 31, 2026, and taxing withdrawals above deposits rather than per-trade.
regulation
French committee passes crypto exit tax and stablecoin-swap tax, then rejects the budget
France's Commission des Finances adopted amendments taxing crypto-to-stablecoin swaps and extending the exit tax to unrealized crypto gains, then voted the whole revenue section down 31-3.
regulation
Illinois agrees to delay 0.2% crypto tax to July 2027 pending court approval
Industry and Illinois state officials filed a joint motion in Sangamon County to push the Digital Asset Tax Act's effective date from Jan 1 to July 1, 2027.
regulation
Illinois publishes draft 0.2% digital-asset tax rules, open through Oct 30
The Illinois Department of Revenue's draft implementing rules for the state's Digital Asset Tax Act clarify who owes the 0.2% levy, when, and how DEX transactions are treated.