Key Highlights: The Internal Revenue Service (IRS) is ramping up the distribution of Letter 6174 notices to cryptocurrency holders across the United States. Tax expert Donnelly warns taxpayers against panicking or rushing to amend prior filings, noting that the notices do not automatically signify wrongdoing or trigger immediate penalties. Prominent industry figures, including Ripple CTO ...
Key Highlights Greece has introduced new crypto tax legislation establishing a 15% rate on staking, lending, and DeFi income, alongside a five-year loss carry-forward provision for annual net losses exceeding €500. A 12-month voluntary disclosure window enables taxpayers to report prior crypto earnings without facing late-filing fines or interest, provided owed taxes are settled within ...
Key Highlights Germany proposes a 50% default tax base for crypto assets acquired after December 31, 2026, combined with a flat 25% capital gains tax plus solidarity surcharge totaling 26.375%. Circle’s Patrick Hansen warns the framework will disproportionately hit retail investors who cannot provide clean acquisition cost documentation, potentially taxing nonexistent gains. The regime is ...