Is Monero tax free?

Could you please clarify the matter of whether Monero transactions are tax-free? I've heard conflicting information on this matter and I'm trying to understand the legal implications. Is it true that Monero, as a privacy-focused cryptocurrency, is exempt from taxes? Or does the taxability of Monero depend on the jurisdiction and the nature of the transactions? I'm particularly interested in knowing how this applies to both individuals and businesses. Could you please provide some clarity on this matter? Thank you.