Beginning on Sunday, the UK will enforce a crypto tax rebate for international investors buying cryptocurrency through regional investment managers or brokers. The tax concession was announced in December as part of Prime Minister Rishi Sunak’s aim to establish the United Kingdom as a center for the cryptocurrency industry. Significance of the UK Crypto Tax Rebate The tax division of the government, HM Revenue, and Customs stated that this exemption is a significant component in bringing international investors, ensuring international investors won’t be pulled into U.K. tax merely by choosing U.K.-based investment managers. This exception has been expanded to encompass The post UK Imposes Crypto Tax Rebate for Foreigners Through Local Brokers appeared first on Cryptoknowmics-Crypto News and Media Platform .
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