2024-06-25 19:12:05
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.
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