Crypto Taxes details- in Big Countries

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The U.S. 馃嚭馃嚫
Crypto's tax status: Property
Taxes on gains: Calculated based on the coin鈥檚 value as of the date it was traded

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

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

Russia 馃嚪馃嚭
Crypto's status: Not defined
Taxes on gains: 13 per cent (personal income tax)

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

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

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

Germany 馃嚛馃嚜
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 馃嚡馃嚨
Crypto's tax status: Legal method of payment
Taxes on gains: 15-55 per cent, based on the volume

South Korea 馃嚢馃嚪
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.....

Crypto Taxes details- in Big Countries | Ecency