Coincub has compiled a list of countries with the best/worst tax policy for crypto -investors – Bits Media

Analysts of the Coincub Cryptocurrency Analytical Company compiled a list of ten countries, Having described the pros and cons of cryptocurrency investors.

Analysts evaluated countries according to such criteria as: The clarity of the tax policy, the presence of the tax itself and its size, The amount of tax on capital, as well as tax benefits. In each of these categories, experts exhibited each country before 5 points, and then counted the general score.

According to the rating, The worst place for investors and crypto companies is currently Belgium. In this European country there is a tax in 33% to the growth of capital in transactions with digital currencies. They also hold it here 50% Professional income from cryptocurrency trading.

The first place in the list of the best took Germany - The country does not have a income tax from cryptocurrency trading, which were stored on your wallets for more than a year. According to experts, These are ideal conditions for the country, Citizens who are inclined to make savings, rather than spend and invest in assets.

In second place among the worst is Iceland. Any income from cryptocurrencies to $ 7,000 is taxed in the country in the amount of 40%. If you receive income above the indicated amount, then the tax increases to 46%.

The second place among the best got Italy. Analysts say, that the South European country has developed an impressive list of definitions for different forms of crypto assets and is conducting a competent tax policy to attract wealthy individuals. As a result, The country's cryptocurrency tax system is constantly developing. Profit, obtained using cryptocurrencies in Italy, It is taxed by conventional income tax - income tax from crypto assets, which do not exceed 51,000, absent.

Israel and Switzerland took third places in the list of the worst and the best, respectively:

In the case of Israel-it does not provide any special conditions for crypto-investors, The same rules apply to them, what act for ordinary investors. The sale of cryptocurrency in this country is taxed in 33%. If the crypto investor works on a commercial basis, the tax increases to 50%.

In Switzerland, the general increase in capital for crypto -investors is not taxed, There is also a generous, Analysts say, Income allowance, sometimes reaching $ 18,000. However, she may work or not work, depending on, In which canton do you live.

Singapac record and Slovenia took the fourth and fifth place among the best. Philippines and Japan - Fourth and fifth among the worst.

Previously Japanese official Tyra Masaaki (Taira Masaaki) stated, that against the backdrop of the growth of competition among the participants in the cryptocurrency market, the country's authorities consider the opportunity to free the issuers of tokens from taxes.