CHECK These Countries Are Taxing Crypto to Crypto Transactions!😵 👀

‼CHECK OUT‼

The crypto market is constantly evolving, and so are the tax laws surrounding it. So I would like to give you a rundown of how crypto to crypto transactions are taxed in different countries.

💎 Countries that tax crypto to crypto transactions as ordinary income:

🔹️United States (for gains realized from the sale of assets held for less than 12 months)

🔹️Australia (for gains realized from the sale of assets held for less than 12 months)

🔹️Estonia

💎 Countries that tax crypto to crypto transactions as capital gains:

🔹️United States (for gains realized from the sale of assets held for more than 12 months)

🔹️United Kingdom (for most cryptoassets)

🔹️Australia (for gains realized from the sale of assets held for more than 12 months)

🔹️New Zealand

💎 Countries that exempt crypto to crypto transactions from taxation:

🔹️Germany (for investments held for more than 12 months)

🔹️Singapore

🔹️Switzerland

🔹️Portugal

🔹️France

🔹️Slovakia

🔹️Austria

💎 Countries that defer taxation of crypto to crypto transactions until fiat conversion:

🔹️France

🔹️Slovakia

🔹️Austria

🔹️Portugal