COUNTRY'S with high TAX rates on☠️

Crypto currency gain 🚀

1. Japan:- Up to 55% tax rate on cryptocurrency gains, classified as "miscellaneous income" with rates scaling by total income. This applies to both capital gains and income from mining or staking, with no long-term concession.

2. Denmark*:- 37-52% tax rate on crypto profits, depending on income level.

3. France*:- 30% flat tax rate on crypto gains, with different rules for occasional and professional traders.

4. Spain:-Up to 28% tax rate on crypto gains, with earnings from activities like staking also taxable.

5. India:- 30% tax rate on crypto gains, plus 1% Tax Deducted at Source (TDS) on certain transactions, with no offsetting of crypto losses against other income.

6. Canada:- 50% of capital gains are taxable, treating cryptocurrencies as digital assets.

7. United Kingdom:- 10% tax rate for basic rate taxpayers and 20% for higher earners on gains exceeding the £6,000 annual exemption, with income tax rates of 20-45% on crypto received from mining, staking, or employment.

8. Portugal:- Tax rate ranges from 14.5% to 53%, with a standard capital gains tax rate of 28%.

9. Germany:- Up to 45% tax rate on crypto gains if sold within a year, plus a 5.5% solidarity surcharge. However, if held for over a year, gains are tax-free.