India Crypto users: 94M 30% tax, 1% TDS on trades Ch | Crypto Tamizha ™

India

Crypto users: 94M

30% tax, 1% TDS on trades

China

Crypto users: 59M

Government banned crypto, people are still allowed to hold it

US

Crypto users: 53M

If you hold less than 1 year, you pay 10-37% tax.

If you hold more than 1 year, you pay 0-20% tax

Brazil

Crypto users: 26M

15% of flat tax

Vietnam

Crypto users: 21M

0% taxes

Pakistan

Crypto users: 16M

0% taxes, rumors about future taxation

Philippines

Crypto users: 16M

Can reach 15% taxes

Nigeria

Crypto users: 13M

10% taxes

Indonesia 1

Crypto users: 2M

Income tax rate 0.1%, 0.11% of the transaction value

Iran

Crypto users: 12M

No info about tax, rumors about future taxation

Despite 30% tax and 1% TDS, India is in the number one position in terms of crypto users.
 
Just think how many more people will start to invest in crypto once we get fair taxation and more regulatory clarity.
 
A New Budget is coming in July; let's raise our voice and ask the Finance Minister to reduce the crypto tax and TDS.