Taxation of cryptocurrency income by country:
🇦🇪 UAE — 0%
🇸🇬 Singapore — 0%
🇩🇪 Germany — 0% (if holding the asset for more than a year)
🇵🇹 Portugal — 0%
🇮🇳 India — 30% + 1% TDS
Against this backdrop, it becomes clear that India currently takes an extremely tough stance on digital assets.
Despite the country's enormous potential in technology and blockchain development, such a high tax burden may deter both investors and young specialists.
One hopes that with the growing global interest in Web3, India will reconsider its policy and create a more favorable environment for innovation. Today — this is a challenge, but tomorrow it could become an opportunity for a reboot.
