While the Indian crypto tax of 30% is quite hefty, some countries have considerably higher rates. Long-term capital gains, for example, are taxed at a rate of 50 percent in Australia. The highest percentage in Canada is 33 percent, whereas the highest rate in the Netherlands is 33 percent.
Short-term capital gains in the United States are taxed at rates ranging from 10% to 37 percent, while long-term profits are taxed at rates ranging from zero to 20%.
Even said, there are certain countries with substantially lower crypto taxes. For example, in the United Kingdom, the basic rate of capital gains tax is 10%, but top incomes must pay twice as much.
Furthermore, several countries, such as the following, do not levy any taxes on cryptos:
Germany (for amounts under 600 EUR)
El Salvador (no capital gains tax for foreign investors)
Portugal (zero tax and the cryptos are exempt from VAT)
Singapore (similar deal as in Portugal)
On top of that, Bitcoin and other digital currencies are still unregulated in a number of nations. Because they fall into a gray area, those governments do not levy any taxes on cryptocurrency transactions.