Odaily News The United Kingdom has sent around 65,000 "demand letters" to individuals accused of failing to pay digital asset taxes, which is double the number from last year. According to the current tax system in the UK, selling, transferring, or consuming digital assets usually requires paying Capital Gains Tax, while rewards resulting from staking and Airdrop are considered taxable income. (The Block)#GateSeptemberTransparencyReportComing #CryptoMarketPullback #OctoberRateCutForecast #PI #BTC
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Odaily News The United Kingdom has sent around 65,000 "demand letters" to individuals accused of failing to pay digital asset taxes, which is double the number from last year. According to the current tax system in the UK, selling, transferring, or consuming digital assets usually requires paying Capital Gains Tax, while rewards resulting from staking and Airdrop are considered taxable income. (The Block)#GateSeptemberTransparencyReportComing #CryptoMarketPullback #OctoberRateCutForecast #PI #BTC