All articles tagged with #tax regulations
The Treasury and IRS issued final regulations on SECURE 2.0 Act provisions, including rules for Roth catch-up contributions for higher-income employees and increased contribution limits, with most rules applying from 2027 and guidance for plan administrators to comply with the new requirements.
Tether (USDT) has become the dominant cryptocurrency in Brazil, accounting for 80% of all crypto transactions in the country in 2023. The volume of USDT transactions, totaling $271 billion Brazilian reais (~$55 billion), has surpassed that of Bitcoin (BTC), which amounted to $151 billion reais (~$30 billion). The Brazilian tax agency tracks crypto activities using AI and network analysis, and recently passed legislation to tax crypto investments held by citizens overseas. Crypto exchanges like Coinbase and Binance operate in Brazil alongside local players.