Hi all, I live in Israel - a country with relatively high regulation and tax rates. A recent article shows how bitcoin transfers may soon reach taxation rates of up to 47%! Im wondering how that compares to other countries?
https://www.themarker.com/opinion/1.4727995Are there any countries with higher rates?
It totally depends upon your country . What is the exchange rate of your country . What exactly is the value of your fiat . These considerations will lead to the decision factor on how much the tax is going to be . I think you should study your native bitcoin exchange to get the better answer . That would totally clear a couple things from buy and sell rate to the taxation .