What’s this booklet about?
Most tax authorities did not initially know how and whether to tax cryptocurrencies. After the initial confusion, many of them issued detailed guidelines explaining the applicable laws. Such guidelines usually state that cryptocurrencies constitute assets which are subject to hefty capital gains taxes. For example, in the United States, the rate of the capital gain tax may reach 37%.
While some countries decided to impose high taxes on crypto entrepreneurs, others understood the benefits of becoming crypto tax havens and exempted cryptocurrencies from tax. The purpose of this e-book is to examine eight countries having crypto-friendly tax laws.
Those countries are Germany, Singapore, Portugal, Malta, Malaysia, Switzerland, Belgium and the Netherlands.
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(Instant PDF download, edition 2021, Pages: 20)
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