Taxation of cryptocurrencies varies greatly from country to country. Each country has different cryptocurrency taxation rules and rates. In this article I wrote, I explain the cryptocurrency taxation rates and rules in different countries, I recommend you to read it.
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Cryptocurrency Tax Rates and Rules by Country
Taxation of cryptocurrencies varies greatly from country to country. Here are the cryptocurrency taxation rules and rates in some countries;
USA
Tax Type: Capital gains tax.
Rate: 10%-37% for less than 1 year; 0%, 15% or 20% for 1 year or more
Profits from selling cryptocurrencies, purchasing goods or services, and mining are taxed.
England
Tax Type: Capital gains tax
Rate: Base rate 10%, high rate 20%
Gains from cryptocurrency trading are taxed as capital gains. Additionally, a certain annual exemption applies.
USA
Tax Type: Capital gains tax.
Rate: 10%-37% for less than 1 year; 0%, 15% or 20% for 1 year or more
Profits from selling cryptocurrencies, purchasing goods or services, and mining are taxed.
England
Tax Type: Capital gains tax
Rate: Base rate 10%, high rate 20%
Gains from cryptocurrency trading are taxed as capital gains. Additionally, a certain annual exemption applies.
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