🌍 General — Did you know? In the U.S., if you use crypto to buy a gift card, the purchase counts as a sale of the crypto. You need to calculate gain or loss at that time. Even small purchases count. Source: cleartax.in/s/crypto-tax-rat…
🌍 General — Did you know? France exempts occasional crypto traders from paying wealth tax (IFI) on crypto. Only professional traders include crypto in their net wealth for wealth tax. Source: cleartax.in/s/crypto-tax-rat…
🇸🇩 Sudan — Did you know? Sudan prohibits the use of crypto. There is no tax regime because transactions are banned. Source: cleartax.in/s/crypto-tax-rat…
🇱🇸 Lesotho — Did you know? Lesotho has no laws on crypto. There are no crypto-specific taxes. The local economy relies on remittances and cash. Source: cleartax.in/s/crypto-tax-rat…
🇺🇸 The US just moved its first broad crypto-tax bill out of committee.
H.R. 10357 would touch fees, stablecoins, wash sales, staking, broker reporting and voluntary disclosure.
It is not law. But it is the clearest map yet of where US crypto tax may be heading.
A thread
🌍 General — Did you know? Austria treats lending and staking rewards as investment income subject to 27.5 % tax. Losses from lending cannot offset capital gains from sales. Category matters. Source: cleartax.in/s/crypto-tax-rat…
🌍 General — Did you know? Swiss authorities value your crypto at the year-end price published by the tax administration for wealth tax purposes. You don’t need to provide your own valuations unless the coin is obscure. Source: koinly.io/blog/crypto-tax-wo…