Our synopsis and notes
Each country has its own approach to taxation and their taxation laws would reflect that. Their penalties for tax evasion are generally very onerous. Tax evaders, when caught, are asked to pay heavy arbitrary penalties summarily first without any judicial hearing on "pay first and talk later" basis. The defaulter will have to pay the heavy penalty and negotiate or litigate the matter later, to seek a final remedy.
If you are into cryptocurrency, it behoves to make enquiries direct with your tax authorities to clear the air, instead of making assumptions.
The article shared below lists 11 countries where tax on crypto earnings or gains are not taxed completely or are taxed in a favorable manner. The author of this article did not get this information direct from the authorities themselves but from online third party sources. Hence they are hearsay strictly.
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Even if the third party online sources had quoted tax authorities as proof, it is till advisable for you to counter check and reconfirm the information to avoid getting in the cross hairs of the tax authorities.
Check out the original article here
