Post
Topic
Board Altcoin Discussion
Re: Crypto Taxes & Regulations catalogue
by
tetuto
on 13/05/2020, 14:47:24 UTC
Yes it's relevant. But it seems to be published long time ago and never updated later. The article mentioned just five countries that apply taxation over crypto users [Australia,Brazil,France,Singapore,United Kingdom] when actually we have more countries.
I found this great article which include more countries applying taxes either over individual possession or business possession. I can mention:
Switzerland:
Quote
If you earn income by mining cryptocurrency in Switzerland, this qualifies as self-employment income. If you earn crypto via the professional trading of cryptocurrency, this counts as business tax. If you earn your main wage in the form of cryptocurrency, then you must declare your assets on your income taxes.
Investors in cryptocurrency are those who only trade from their personal accounts. In this case, crypto gains are tax-exempt capital gains. This means you should report them to the Swiss government but will not need to pay taxes on them.

South Corea: where ICO industry and the digital currency market are both taxed.

Portugal: where businesses have to pay taxes on profits they make from crypto gains.

The list should be long as the article was published in September last year.