Category: Crypto Tax Guides

Understanding Safe Harbor rules for 2025 Starting January 1, 2025, you’ll need to track your cryptocurrency gains and losses separately for each wallet or exchange account you use. The IRS understands this is a big change, so they’ve provided “safe harbor” rules to help you transition your existing holdings....

Crypto taxes for freelancers and remote workers mean paying capital gains taxes on profits and income taxes if you earn or get paid in crypto. But the catch is–freelancers can deduct business expenses, including home office and software costs. Cryptocurrency is becoming a popular choice among freelancers and remote...

Here is how crypto taxes in Finland work: You pay capital gains tax when you sell, spend, or swap crypto with gains over €1,000, while income tax applies to earnings from services, mining, or crypto-related activities.  However, this is a bit of an oversimplification. In this comprehensive guide, we...

You may face crypto tax penalties in Canada if you file your crypto taxes late, report them wrong, or don’t pay them. This means you could be charged an extra 5% of what you owe, plus 1% more for each month you’re late, and other penalties we’ll discuss today. ...

Crypto tax penalties in Spain are pretty straightforward – you’ll face a 1% surcharge monthly, escalating to 15% after a year of non-payment. This only applies if you haven’t received a notice from the tax authorities. Otherwise, depending on the severity and intent of non-compliance, the penalties can reach...

Crypto taxes for digital nomads involve navigating a complex mix of tax residency, domicile, and international treaties to ensure compliance and optimize tax savings. Digital nomads need to know the tax rules in each country they stay in, keep detailed records of their crypto transactions and travel logs, and...

What are the crypto tax penalties in India? Late filing of income tax returns in India incurs penalties and interest charges. Underreporting or misreporting income leads to fines and potential imprisonment. Failure to obtain TAN or deduct/deposit TDS attracts penalties and interest, while late TDS return filing incurs daily...

Is Dubai a crypto tax haven? The answer is not that simple. While Dubai has zero taxes on crypto profits and no reporting obligations, you must also consider other factors, like the cost of living and setting up a business there, residency requirements, and the tax laws in your...

To be fair and straightforward, you can’t avoid crypto taxes in India. Not only that, there is very little you can do to reduce your tax burden as well. That being said, the internet is swarming with tax-saving strategies for Indian crypto investors and traders, alongside a mix of...

Crypto taxes for non-US citizens can be categorized into: non-resident alien and resident alien taxes. Generally speaking, resident aliens have the same tax obligations as US residents, while non-resident aliens may have to pay a fixed 30% tax rate on their US-sourced capital gains.  However, there are too many...