Crypto Taxes details- in Big Countries

in #cryptotax6 years ago

maxresdefault.jpg
The U.S. 🇺🇸
Crypto's tax status: Property
Taxes on gains: Calculated based on the coin’s value as of the date it was traded

The U.K. 🇬🇧
Crypto's tax status: Investments (small-scale holding); working capital (if used regularly)
Taxes on gains: Free, if below £11,850, then up to 45 per cent

Switzerland 🇨🇭
Crypto's status: Not defined
Taxes on gains: Wealth tax (determined at the end of the year, based on income)

Russia 🇷🇺
Crypto's status: Not defined
Taxes on gains: 13 per cent (personal income tax)

South Africa 🇿🇦
Crypto's status: Assets of intangible nature
Taxes on gains: 18 per cent (capital gains tax); 18-45 per cent (normal income tax)

Canada 🇨🇦
Crypto's status: Intangible property
Taxes on gains: 50 per cent (capital gains tax); 25 per cent (self-employed)

Brazil 🇧🇷
Crypto's status: Not defined
Taxes on gains: 15 per cent (income tax; imposed if more than BRL 35,000 is declared)

Germany 🇩🇪
Crypto's status: Private money
Taxes on gains: 0 per cent (if held for more than a year), 25-28 per cent (capital gains tax)

Japan 🇯🇵
Crypto's tax status: Legal method of payment
Taxes on gains: 15-55 per cent, based on the volume

South Korea 🇰🇷
Crypto's status: Legal method of payment
Taxes on gains: None at the moment; a 24.2 per cent tax is charged for concurrency exchanges.....

Sort:  

@mbkbdwl, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!

Thank you in advance!

sure i will

Coin Marketplace

STEEM 0.27
TRX 0.21
JST 0.039
BTC 96872.14
ETH 3722.95
USDT 1.00
SBD 3.91