CoinVoice has learned from The Block that major global markets are strengthening tax regulation on cryptocurrencies. According to the latest policy, the U.S. IRS classifies crypto assets as digital assets, using a taxation method similar to that of stocks and bonds. Specifically, simply buying and holding is not taxed, but selling, exchanging between cryptocurrencies, and using cryptocurrencies for shopping, which are considered 'realizing gains', are subject to capital gains tax; mining income, staking rewards, and wages received in cryptocurrency are taxed as income.
The UK's HM Revenue and Customs (HMRC) levies a maximum capital gains tax of 24% on cryptocurrency transactions, with a 10% tax rate for basic rate taxpayers and an exemption of the first £3,000. Additionally, mining income and salary paid in cryptocurrency are subject to personal income tax, and employers must pay national insurance on salaries paid in cryptocurrency.
The EU has not yet unified tax standards, and there are significant policy differences among member states. Germany exempts cryptocurrencies held for more than a year from taxes, while selling within a year incurs a maximum income tax of 45%, plus a 5.5% solidarity surcharge. Spain imposes a unified tax rate of 19%-28% on crypto gains. Portugal's tax rate ranges from 14.5%-53%, with a standard capital gains tax rate of 28%. [Original link]