🌍 Crypto Taxation by Country

🇺🇸 United States

1. Tax Authority: IRS
2. View: Crypto is property.

Taxes:

1. Capital Gains Tax: On selling, trading, or spending crypto.
2. Income Tax: On mining, staking, airdrops, or salary in crypto.
3. Key Rule: Must report all transactions; even crypto-to-crypto trades are taxable.

🇬🇧 United Kingdom

1. Tax Authority: HMRC
2. View: Crypto is property, not currency.

Taxes:

1. Capital Gains Tax (CGT): When you sell/trade/dispose.
2. Income Tax: On mining, staking, or when received as salary.
3. Allowance: £3,000 CGT tax-free threshold (as of 2025).

🇨🇦 Canada

1. Tax Authority: CRA
2. View: Crypto is a commodity.

Taxes:

1. Capital Gains: For personal investing (50% of gain is taxable).
2. Business Income Tax: If trading frequently (taxed at full rate).
3. Mining: Could be business income or hobby (case-by-case).

🇦🇺 Australia

1. Tax Authority: ATO
2. View: Crypto is property.

Taxes:

1. Capital Gains Tax: On disposals.
2. Income Tax: For business use, mining, or receiving crypto for work.
3. Exemption: Small personal use (<$10,000) may be CGT-free.

🇩🇪 Germany

1. Tax Authority: BMF
2. View: Private money.

Taxes:

1. Capital Gains: Tax-free if held > 1 year.
2. Income Tax: On mining/staking (if professional).
3. Very crypto-friendly for long-term holders.

🇸🇬 Singapore

1. Tax Authority: IRAS
2. View: Not legal tender; crypto is a barter item.

Taxes:

1. No Capital Gains Tax.
2. Business Income Tax: If trading or operating a business.
3. Favorable jurisdiction for investors.

🇮🇳 India

1. Tax Authority: CBDT
2. View: Treated as virtual digital assets.

Taxes:

1. 30% flat tax on gains from crypto transactions.
2. 1% TDS (Tax Deducted at Source) on every trade.
3. No deductions allowed except cost of acquisition.

🇦🇪 UAE (Dubai)

1. Tax Authority: FTA (Free Zones vary)
2. View: Varies; generally tax-free in crypto zones.

Taxes:

1. No income or capital gains tax in designated free zones (e.g., DMCC).
2. Business licensing still required.