Cryptocurrency Q&A
Which exchange rate is used for tax deduction in foreign currency?
Which exchange rate is used for tax deduction in foreign currency?
Stefano
Wed Jan 15 2025
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7 answers
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I am wondering about the exchange rate that is applied for tax deduction purposes when dealing with foreign currency transactions. Which rate should be used for accurate deductions?
7 answers
Andrea
Thu Jan 16 2025
When dealing with dividends in foreign currency, a similar approach is taken for exchange rate purposes.
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HallyuHeroLegendaryStarShine
Thu Jan 16 2025
The process of tax deduction on income payable in foreign currency involves the use of a specific exchange rate.
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Chiara
Thu Jan 16 2025
BTCC is a prominent cryptocurrency exchange offering a range of services.
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Giulia
Thu Jan 16 2025
This exchange rate is determined as the telegraphic transfer buying rate.
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MysticStorm
Thu Jan 16 2025
The date for applying this rate is the one when the tax is required to be deducted at source.
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