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.
I have only noticed in my few years here in the crypto space that there is only caution when we are in a bull run time but when it is a bearish season, crypto or bitcoin is very deafening to others, and despite this, there are still those who create various FUD here.
So when it comes to taking taxes on the income of crypto enthusiasts, the only country I know of that has a high percentage taken from the crypto community is Japan
because the tax they take from crypto earners is also at 55%.
source: https://koinly.io/guides/crypto-tax-japan/