Key takeaways Crypto-friendly countries in Europe are becoming rare due to changing regulations like MiCA and the OECD’s CARF initiatives. Portugal and Malta remain leaders in offering tax advantages for...
Key takeaways FIFO, HIFO and Spec ID (among others) are key methods to calculate crypto tax liability. The choice of method affects your taxable gains and overall liability. Record-keeping is...
Key takeaways Digital nomads face difficulties in determining their tax residency, which can lead to double taxation if they’re considered residents in multiple countries. Understanding local tax laws and international...
Key takeaways Crypto transactions may incur capital gains, income, value-added or inheritance taxes, depending on the activity, such as selling, staking or mining. Cryptocurrency-related income and capital gains must be...
Key takeaways Cryptocurrency donations have grown significantly since Bitcoin’s launch, driven by tech-savvy donors. Millennials and Gen Z dominate this trend. Accepting crypto donations allows nonprofits to access global donors,...
Key takeaways In Canada, cryptocurrency is treated as property. Depending on the nature of the transaction and its purpose, crypto gains can be taxed as capital gains or income. Specific...
Key takeaways The EU’s DAC8 directive integrates CASPs into the tax reporting system by aligning with the OECD’s CARF framework. This ensures greater transparency in crypto transactions under the CRS....
Key takeaways Cryptocurrency transactions in India are subject to a 30% flat tax on any profits, plus a 4% cess. A 1% tax deducted at source (TDS) applies to transactions...
Key takeaways Crypto capital gains tax is calculated based on the profit made from selling cryptocurrency, similar to taxes on stocks or real estate. European countries such as Italy, France...
Key takeaways Expats in Dubai enjoy a tax-free environment for individual cryptocurrency activities, including trading, holding, mining and staking. Since June 2023, businesses earning over 375,000 AED annually, including crypto...
Key takeaways Crypto traders in Australia are subject to business tax rules, while investors may benefit from a 50% capital gains tax discount if they hold assets for over 12...
Key takeaways Unregulated crypto platforms carry significant risks, as evidenced by major hacks and scams, such as the $238 million phishing attack in August 2024. Key warning signs of unsafe...
