Fintech Review

OCTOBER 22, 2024

United States: A Detailed Approach to Taxation The United States, through the Internal Revenue Service (IRS), has taken a relatively proactive approach to cryptocurrency taxation. One of the primary issues is the decentralised nature of cryptocurrencies, making it difficult for authorities to track and regulate transactions.

Cryptocurrency

FICO

OCTOBER 26, 2017

Now, with CRS** (Common Reporting Standard), some financial institutions are starting to think they need two systems. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). CRS reporting is more of a regional topic (e.g., Here’s where the trouble started.

Compliance

The Fintech Times

JULY 31, 2024

But I’m not so sure that these organisations are fully aware of the IRS regulations that have already begun to come into effect about additional reporting requirements for collecting over only $600 on these apps. This requires technological investments and ongoing staff training to stay updated with regulatory changes.

Compliance

Nanonets

AUGUST 2, 2023

Once you've determined whether to file an EEI, you can file it online through the Automated Export System (AES) or by using an authorized agent. Determine if EEI filing is required based on the value, destination, and nature of the goods being exported. Exports over $2,500 or requiring a license/permit need EEI filing.

Automation