Shocking cryptocurrency taxes all over the world!

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Avatar for hafsa.mansoor
Written by
4 years ago
In community: Economics(dd15)

there are many of the most troubled nations in the world where cryptocurrencies are banned. but there are also many countries where trading is totally legal. I did some research about taxes on cryptocurrencies and you will surprise to know it

CRYPTOCURRENCY TAXES IN AUSTRALIA

if an Australian resident holds cryptocurrency for more than 12 months without selling or trading it then he must pay a 50% capital pay discount.

CRYPTOCURRENCY TAXES IN GERMANY

if you own cryptocurrency for more than a year then you have to pay 45% tax for all applies of gain.


CRYPTOCURRENCY TAXES IN AMERICA

Americans have to pay tax every time when they buy or trade cryptocurrency. and if American holding cryptocurrency for more than a year than he has to pay long term capital gain tax.

CRYPTOCURRENCY TAXES IN FRANCE

french tax authority  applies 19%  cryptocurrency short gain taxes on their residents

CRYPTOCURRENCY TAXES IN SWEDEN

in Sweden, 30% capital gain tax applies on any sale or exchange of cryptocurrency

THANK YOU FOR READING 


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Avatar for hafsa.mansoor
Written by
4 years ago
In community: Economics(dd15)

Comments

If the governments see cryptocurrency as source of revenue, why can't they legalise it? The outbreak of Covid-19 alone is a signal for them to adopt cryptocurrency.

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User's avatar Olad
4 years ago

Do not fed the oppressors with your workforce. Cheat the tax where you can, especially do not pay tax from your cryptocurrency.

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User's avatar Geri
4 years ago

Please link sources for your research. The information you have provided for Germany is for private persons incorrect. For private persons in Germany applies:

If the sale takes place within the one-year holding period, there is a tax exemption limit of EUR 600. Sales that occur after one year are tax-free.

https://www.winheller.com/en/banking-finance-and-insurance-law/bitcoin-trading/bitcoin-and-tax.html

You also embedded a US flag for Germany.

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User's avatar Telesfor
4 years ago

thanks for correcting me, sometimes different websites give different information

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User's avatar hafsa.mansoor
4 years ago

And the picture you used for America is not from America, but from Antwerp, Belgium.

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User's avatar Telesfor
4 years ago

he should have embedded a turkish jk

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User's avatar Geri
4 years ago
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