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Title: Belgian Tax Authority To Search For Taxpayers Using Foreign Crypto Exchanges Post by: alyssa85 on March 05, 2018, 12:28:45 PM https://cointelegraph.com/news/belgian-tax-authority-to-search-for-taxpayers-using-foreign-crypto-exchanges
Quote The Belgian Special Tax Inspectorate (STI) is looking for Belgian individuals who have invested in cryptocurrencies in foreign exchanges, local news outlet De Standaard reported Friday, March 2. After receiving information from Finnish authorities that several Belgian taxpayers had been trading on Finnish crypto exchanges, the STI started looking into the cases of three Belgians involved, with a fourth file closed as a “non case,” The Brussels Times wrote. According to a rule introduced in Belgium last year, crypto speculators are obliged to pay a 33 percent tax on crypto profits, filed under the “various income” section on the tax form. Due to the anonymous nature of crypto trading platforms, De Standaard writes that the crypto tax rule has been hard to enforce. However, the STI plans to follow the example of the US’s Internal Revenue Service (IRS), which legally compelled US-based crypto exchange and wallet Coinbase to turn over the data on around 13,000 customers for tax enforcement purposes. Belgian tax authorities will try to use the double taxation treaty between Belgium and the US as a way to get information about possible Belgian Coinbase users, according to De Standaard. The STI also plan to send similar requests for information to crypto exchanges generally to find out whether any Belgian taxpayers are customers. Title: Re: Belgian Tax Authority To Search For Taxpayers Using Foreign Crypto Exchanges Post by: alyssa85 on March 05, 2018, 12:32:10 PM Rather than make a new thread, I'm going to put this piece about the Australian tax office here as well:
https://cointelegraph.com/news/australian-tax-office-to-crack-down-on-crypto-tax-evaders Quote The Australian Tax Office will be going after cryptocurrency investors to ensure they are accurately filing their crypto gains on their taxes this year, Business Insider Australia reported Feb. 28. The Australian Tax Office will use data matching and “100-point identification checks" to track down crypto investors, as well as bilateral tax treaties and anti-money laundering commitments to get more information out of the traditionally anonymous crypto sphere and markets. Paul Drum, a member of the National Tax Liaison Group said that this move is a “watershed moment for the ATO” and would “[enable] them to access and thoroughly review cryptocurrency exchange account data for the first time:” I've no idea what these 100-point identification checks are - if anyone knows, please chime in. Title: Re: Belgian Tax Authority To Search For Taxpayers Using Foreign Crypto Exchanges Post by: henke1 on May 08, 2018, 12:06:02 PM I've no idea what these 100-point identification checks are - if anyone knows, please chime in. https://screening.dcsi.sa.gov.au/apply/100-point-verification-checkhttps://en.wikipedia.org/wiki/100_point_check |