๐ฎ๐ณ India
โซ๏ธ Crypto users: 94M
โซ๏ธ 30% tax, 1% TDS on trades
๐จ๐ณ China
โซ๏ธ Crypto users: 59M
โซ๏ธ Government banned crypto, people are still allowed to hold it
๐บ๐ธ US
โซ๏ธ Crypto users: 53M
โซ๏ธ If you hold less than 1 year, you pay 10-37% tax.
โซ๏ธ If you hold more than 1 year, you pay 0-20% tax
๐ง๐ท Brazil
โซ๏ธ Crypto users: 26M
โซ๏ธ 15% of flat tax
๐ป๐ณ Vietnam
โซ๏ธ Crypto users: 21M
โซ๏ธ 0% taxes
๐ต๐ฐ Pakistan
โซ๏ธ Crypto users: 16M
โซ๏ธ 0% taxes, rumors about future taxation
๐ต๐ญ Philippines
โซ๏ธ Crypto users: 16M
โซ๏ธ Can reach 15% taxes
๐ณ๐ฌ Nigeria
โซ๏ธ Crypto users: 13M
โซ๏ธ 10% taxes
๐ฎ๐ฉ Indonesia 1
โซ๏ธ Crypto users: 2M
โซ๏ธ Income tax rate 0.1%, 0.11% of the transaction value
๐ฎ๐ท Iran
โซ๏ธ Crypto users: 12M
โซ๏ธ 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.
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Just think how many more people will start to invest in crypto once we get fair taxation and more regulatory clarity.
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A New Budget is coming in July; let's raise our voice and ask the Finance Minister to reduce the crypto tax and TDS.
#ReduceCryptoTax #Crypto #Bitcoinย