The U.S. 🇺🇸
Crypto's tax status: Property
Taxes on gains: Calculated based on the coin’s value as of the date it was traded
The U.K. 🇬🇧
Crypto's tax status: Investments (small-scale holding); working capital (if used regularly)
Taxes on gains: Free, if below £11,850, then up to 45 per cent
Switzerland 🇨ðŸ‡
Crypto's status: Not defined
Taxes on gains: Wealth tax (determined at the end of the year, based on income)
Russia 🇷🇺
Crypto's status: Not defined
Taxes on gains: 13 per cent (personal income tax)
South Africa 🇿🇦
Crypto's status: Assets of intangible nature
Taxes on gains: 18 per cent (capital gains tax); 18-45 per cent (normal income tax)
Canada 🇨🇦
Crypto's status: Intangible property
Taxes on gains: 50 per cent (capital gains tax); 25 per cent (self-employed)
Brazil 🇧🇷
Crypto's status: Not defined
Taxes on gains: 15 per cent (income tax; imposed if more than BRL 35,000 is declared)
Germany 🇩🇪
Crypto's status: Private money
Taxes on gains: 0 per cent (if held for more than a year), 25-28 per cent (capital gains tax)
Japan 🇯🇵
Crypto's tax status: Legal method of payment
Taxes on gains: 15-55 per cent, based on the volume
South Korea 🇰🇷
Crypto's status: Legal method of payment
Taxes on gains: None at the moment; a 24.2 per cent tax is charged for concurrency exchanges.....
✅ @mbkbdwl, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!
Thank you in advance!
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sure i will
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