How is crypto taxed?

Crypto is taxed like stocks and other types of property. When you realize a gain after selling or disposing of crypto, you're required to pay taxes on the amount of the gain. The tax rates for crypto gains are the same as capital gains taxes for stocks.

Is cryptocurrency taxed in the Netherlands?

Typically, simply holding cryptocurrency is in the Netherlands is not subject to tax. However, the country does taxThe Netherlands taxes unrealized gains on crypto and other capital assets. If you have more than €50,000 in assets (crypto and non-crypto), you’ll face a 31% tax on your ‘presumed gains’.

How is cryptocurrency taxed in 2022?

Here are the cryptocurrency tax rates on long-term gains for the 2022 tax year: Data source: IRS. Short-term gains are taxed as ordinary income. Here are the crypto tax brackets for the 2022 tax year on these short-term gains: Data source: IRS. You can choose to sell older coins first to pay the lower long-term gains tax rates.

How cryptocurrencies are taxed in Belarus?

Belarus took a very unique approach to cryptocurrencies back in 2018. Instead of creating crypto tax laws like many other countries, in March 2018 the Eastern European state legalized crypto activities and exempted all individuals and businesses from crypto tax until 2023.