Quote from: LoyceV on Today at 06:13:32 AM

Quote from: tranthidung on June 24, 2023, 03:14:50 PM

If you invest in Bitcoin, own your private keys, you will only have to pay tax if you sell your bitcoin with profit (higher value than your entry price). If you hold it, no tax or am I wrong?

It varies per country. Here, capital gains are tax free, but we pay an annual wealth tax instead.

About Bitcoin ETFs, are they tax free? I did not research about that but I guess no tax free.

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I am not an expert in accounting and did not read all the application, but looks like the tax has a chance to be 21%, lower than 30%. Is it what you implied?

Here, we can only dream about 30% tax, let alone 21%!

As far as I know Sad

In the United States, the tax rates on capital gains vary depending on your profitability. For most investors, the maximum tax rate on long-term capital gains is 20%, and tax on short-term capital gains is usually levied at income tax rates.
In Canada, capital gains tax is levied at half the normal income tax rates. The tax rates on capital gains vary depending on the province and on the income of the individual investor.

In the UK, the tax rates on capital gains also depend on the income of an individual investor. The tax rate on capital gains is usually applied in the range of 10-20%, depending on income. In Germany, the tax rates on capital gains vary depending on the total income of the investor and the period of ownership of bitcoin. Usually the tax rate ranges from 25% to 45%.