The same crypto profit can be taxed at 0% or over 55%, depending on where you live.
Japan: up to 55% today. Germany: tax-free after one year. UAE, Singapore, Hong Kong: no tax on individual gains. US: 0-20% long term, up to 37% short term.
India: a flat 30% on gains plus 1% TDS, and losses can't be set off against other income.
Not tax advice. Where would you rather live as a trader?
Japan: up to 55% today. Germany: tax-free after one year. UAE, Singapore, Hong Kong: no tax on individual gains. US: 0-20% long term, up to 37% short term.
India: a flat 30% on gains plus 1% TDS, and losses can't be set off against other income.
Not tax advice. Where would you rather live as a trader?