🇮🇳 India

▫️ Crypto users: 94M

▫️ 30% tax, 1% TDS on trades

🇨🇳 China

▫️ Crypto users: 59M

▫️ Government banned crypto, people are still allowed to hold it

🇺🇸 US

▫️ Crypto users: 53M

▫️ If you hold less than 1 year, you pay 10-37% tax.

▫️ If you hold more than 1 year, you pay 0-20% tax

🇧🇷 Brazil

▫️ Crypto users: 26M

▫️ 15% of flat tax

🇻🇳 Vietnam

▫️ Crypto users: 21M

▫️ 0% taxes

🇵🇰 Pakistan

▫️ Crypto users: 16M

▫️ 0% taxes, rumors about future taxation

🇵🇭 Philippines

▫️ Crypto users: 16M

▫️ Can reach 15% taxes

🇳🇬 Nigeria

▫️ Crypto users: 13M

▫️ 10% taxes

🇮🇩 Indonesia 1

▫️ Crypto users: 2M

▫️ Income tax rate 0.1%, 0.11% of the transaction value

🇮🇷 Iran

▫️ Crypto users: 12M

▫️ 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.

Just think how many more people will start to invest in crypto once we get fair taxation and more regulatory clarity.

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 #Bitcoin