CryptoTaxList

In Australia, cryptocurrencies are treated as assets by the ATO. Gains from crypto are subject to capital gains tax. Income from activities like mining or staking is taxed as ordinary income.

In Brazil, cryptocurrencies are treated as financial assets for tax purposes. Gains from crypto transactions are subject to capital gains tax, while income from activities like mining is taxed as ordinary income. Taxpayers must report crypto activities in their annual income tax returns.

In Canada, cryptocurrencies are treated as commodities by the Canada Revenue Agency (CRA), meaning they are subject to capital gains tax on disposition and income tax on earnings from activities like mining or staking. Taxation follows the general rules for property transactions, with only 50% of capital gains being taxable. Tax rates are progressive and vary based on the individual's total income and province of residence.

In France, cryptocurrencies are treated as movable property for tax purposes. Capital gains from crypto transactions are subject to a flat tax rate. Income from activities like mining is taxed as business income.

In Germany, cryptocurrencies are treated as private assets for tax purposes. Capital gains from crypto are taxable if sold within one year, but exempt after one year. Income from mining and staking is subject to income tax.

In India, cryptocurrencies are classified as Virtual Digital Assets (VDAs) under the Income Tax Act. Gains from VDAs are taxed at a flat 30% rate, effective from April 1, 2022. Additional taxes include surcharge, cess, and 1% TDS on transactions.

In Italy, cryptocurrencies are treated as financial assets similar to foreign currencies. Capital gains from crypto transactions are subject to taxation, while income from activities like mining and staking is treated as miscellaneous income. Recent regulations have clarified reporting and tax obligations for crypto holders.

In Japan, cryptocurrencies are treated as assets, not currency. Profits from crypto activities are classified as miscellaneous income and taxed accordingly. Tax rates are progressive, combining national and local taxes.

In Mexico, cryptocurrencies are treated as intangible assets under the Income Tax Law. Gains from crypto transactions are subject to Income Tax (ISR). Tax rates are progressive, ranging from 1.92% to 35% depending on income level.

In the Netherlands, cryptocurrencies are treated as assets under Box 3 for taxation. There is no separate capital gains tax; instead, a wealth tax applies based on presumed yields. Income from crypto activities may fall under Box 1 if considered professional.

In New Zealand, cryptocurrencies are treated as property for tax purposes. Gains from crypto transactions are taxed as income, not under a separate capital gains tax. Tax rates apply progressively based on individual income levels.

Portugal taxes cryptocurrency gains and income since 2023 budget law. Capital gains are exempt if assets held over 365 days. Shorter holdings and crypto income face taxes.

Singapore does not impose capital gains tax on cryptocurrencies held as long-term investments. Crypto trading as a business is taxed as income. Income from mining and staking is subject to income tax.

South Korea plans to implement cryptocurrency capital gains tax starting January 1, 2025. Currently, crypto is taxed under income tax rules if considered income. Regulations aim to treat virtual assets as financial assets for taxation.

In Spain, cryptocurrencies are treated as intangible assets for tax purposes. Gains from crypto transactions are subject to capital gains tax, while income from activities like mining is taxed as ordinary income. Taxpayers must report crypto holdings and transactions annually.

In Sweden, cryptocurrencies are treated as assets subject to capital gains tax. Gains from crypto transactions are taxed at a flat rate, while income from activities like mining may be treated differently. The Swedish Tax Agency requires detailed reporting for tax compliance.

In Switzerland, cryptocurrencies are treated as assets for tax purposes. Private capital gains from crypto are generally exempt from taxation. However, professional trading and certain income from crypto are subject to income tax at federal, cantonal, and municipal levels.

The UAE is a tax-friendly jurisdiction for cryptocurrency with no personal income tax or capital gains tax for individuals. Businesses may be subject to a 9% corporate tax on crypto-related profits if they qualify. Recent regulations aim to attract crypto investments while ensuring compliance with anti-money laundering rules.

In the UK, cryptocurrencies are treated as assets subject to Capital Gains Tax on profits from disposals. Income from activities like mining or staking is taxed as income. HMRC requires detailed reporting through self-assessment.

In the United States, cryptocurrencies are treated as property by the IRS. Gains from selling or exchanging crypto are subject to capital gains tax. Income from activities like mining or staking is taxed as ordinary income.