Taxation and Reporting Obligations for Crypto Projects
Cryptocurrency taxation varies significantly between countries, from capital gains taxes to transaction-based taxes. Non-compliance can result in hefty fines or legal challenges.
- Common Issues: Tracking cross-border transactions, determining taxable events, and accounting for fluctuations in crypto value.
- IBC’s Role: Collaborating with tax advisors to design frameworks for accurate tax reporting and compliance with global tax laws, ensuring long-term sustainability.