Crypto is getting more popular each day, with exchanges opening their doors to customers from around the world. I'm aware that there are a few places with zero capital gains tax on crypto (eg: El Salvador and Puerto Rico).
But I'm curious to know which countries have the highest taxes? And do you think there's a chance they will lower them in the future?
Your input would be greatly appreciated. Thank you very much.
But I'm curious to know which countries have the highest taxes? And do you think there's a chance they will lower them in the future?
Your input would be greatly appreciated. Thank you very much.
From what I find out from this list https://geekflare.com/crypto/highest-and-lowest-crypto-tax-countries, there are about 16 countries globally that have quite high crypto taxes, around 30% - 50%. Why is it so high because they consider crypto assets to be a form of capital gains or investment gains, which are legally subject to high taxes. Whether or not they will lower the tax in the future depends on their government's policies, and how they view cryptocurrencies. If they felt that it was necessary, they could have lowered the tax. But I doubt it, because most countries are so rare to lower their crypto taxes, on the contrary they are increasing it even more.