Australian Scammers Charge "Taxes" From BTC Holders

According to Assistant Commissioner of the Australian Tax Office, damage from the actions of scammers to date is around $ 50,000 in the cryptocurrency
13 March 2018   103

The Australian Tax Office issued a warning for residents of the country, in which it reported on persons posing as employees of the agency and demanding payment of tax debts in bitcoins and other crypto-currencies. This is reported by news. com. au.

According to Assistant Commissioner of the Office Kath Anderson, the fraud is not wide-ranging. According to their estimates, the damage from the actions of scammers to date is about $ 50,000 in the cryptocurrency.

Scammers contact the victims by phone, SMS or email and ask them to pay through one of the bitcoins-terminals, the number of which in Australia has recently increased significantly.

Email Scam
Email Scam

At the same time, tax officials urge citizens not to forget on time to make payments to the state treasury in accordance with the requirements of the law.

Crypto Taxpayers to be supported in India

Cleartax, the largest Indian tax filing platform joins Zebpay exchange to help crypto taxpayers
24 March 2018   100

The object of this partnership is to educate Bitcoin traders and investors about the current tax laws and how to apply them in stating cryptocurrency profits and incomes. Indian authorities are aimed to find the best approach to Bitcoin and the other kinds of cryptocurrencies. The recent declarations of the regulators that new instructions would be accepted in a short time, have not been followed by real actions. So the attempts to enforce the control on this sphere have led to summaries that this task in not going to be simple at all. According to last month media reports, new frameworks and rules were waited by the end of March.

Though they failed to to introduce extensive regulations, the Indian authorities are focused to tapping into crypto earnings. In a previous month the Income Tax Department released notifications for thousands of cryptocurrency investors, as reported.

The Cryptocurrency Advisory Plan will help Indian bitcoin investors and traders in this year's tax campaign. The biggest tax filing platform Cleartax joins the Indian bitcoin exchanges and wallet providers Zebpay. They are both objected to support taxpayers to understand and abide by the law regarding taxation of the transactions with cryptocurrencies.

Cleartax declared it has the tax and technological expertise “to help people understand how bitcoin works”. Besides, the platform has started tax filing services for cryptocurrency investors. The Cleartax CEO and founder Archit Gupta claimed that together with Zebpay they are going to “simplify taxes for Indians”. The head of exchange at Zebpay, Nischint Sanghavi added that he believes the partnership with Cleartax will simplify tax planning for Zebpay`s customers.

In February about 100,000 cryptocurrency investors received tax notices from India`s Income Tax Department. Questionable dubious transactions, authorities investigated some of the cryptocurrency exchanges, and banks paused many of their accounts. Then the governmental pressure caused significant drop in trading volumes.

The authorities in Delhi have set a number of warnings against investing in BTC. Also the largest commercial banks have restricted severely the operations of local exchanges and individual cryptocurrency traders, even before any law demanding such measures is adopted.