Crypto Tax by Country

How each country taxes crypto gains. Learn your cost basis method, applicable rates, and key obligations — then calculate in minutes.

United States

FIFO / LIFO / HIFO / Specific ID

Short-term gains taxed as ordinary income (10–37%); long-term (held >1 year) at 0/15/20%. IRS allows FIFO, LIFO, HIFO, or Specific ID. Crypto brokers required to file 1099-DA from 2025. Per-wallet cost basis tracking mandatory from January 2025 (Rev. Proc. 2024-28).

Tax Guide

Germany

Germany FIFO (Spekulationsfrist)

Crypto held over 1 year is completely tax-free. Gains on assets held <12 months taxed at your personal income rate. Mining and staking rewards treated as ordinary income.

Tax Guide

France

PMPA

Flat 30% PFU (Prélèvements Forfaitaires Uniques) on crypto disposals. PMPA (weighted average) cost basis mandated by the tax authority. NFTs taxed separately under movable property rules.

Tax Guide

Japan

Total Average (総平均法)

Crypto gains classified as miscellaneous income, taxed up to 55% (income tax + local surtax). Total Average cost basis required. NTA has been increasingly auditing crypto holders.

Tax Guide

United Kingdom

UK Share Pooling (Section 104)

20% CGT for higher-rate taxpayers; 10% for basic-rate. Annual CGT allowance is £3,000 (2024–25). UK Share Pooling (Section 104) is the mandatory cost basis method.

Tax Guide

Australia

FIFO (CGT Discount)

50% CGT discount for assets held >12 months. Gains are included in taxable income at marginal rates (up to 47%). ATO treats crypto as a CGT asset, not currency.

Tax Guide

Canada

ACB (Adjusted Cost Base)

50% inclusion rate on capital gains; rates above CAD 250K moved to 2/3 inclusion in 2024. Adjusted Cost Base (ACB) tracks your average cost across all purchases.

Tax Guide

South Korea

FIFO

Virtual Asset Income Tax of 22% (20% + 2% local) applies on annual gains above KRW 2.5M. FIFO cost basis. Legislation effective 2025 after several delays.

Tax Guide

India

FIFO (30% flat + TDS)

30% flat tax on crypto gains with no deductions except cost of acquisition. 1% TDS (Tax Deducted at Source) applies on transfers over ₹50,000. dTax automatically tracks TDS deducted on WazirX, CoinDCX, and ZebPay — exportable for ITR Form 26AS reconciliation.

Tax Guide

Spain

FIFO

Capital gains taxed at 19–28% depending on amount. Crypto holdings abroad must be declared in Modelo 720. Spain is adopting EU MiCA and DAC8 reporting frameworks.

Tax Guide

Portugal

FIFO

Crypto gains from trading/disposal taxed at 28% flat rate since 2023. Assets held under 365 days subject to progressive income tax rates instead.

Tax Guide

Netherlands

Box 3 (deemed return)

Crypto treated as Box 3 savings/investments under a 'deemed return' system. Tax is based on a fictional return (≈6.17%) on total net wealth, not actual gains realised.

Tax Guide

Switzerland

FIFO (No CGT)

No capital gains tax for private investors. Crypto is treated as private movable assets. Professional traders may be taxed as income. Cantonal wealth tax applies on holdings.

Tax Guide

Turkey

FIFO (0% CGT)

Currently 0% capital gains tax on crypto. A 2024 regulatory framework established registration requirements, but CGT has not yet been implemented. Watch for 2025 updates.

Tax Guide

Singapore

No CGT

No capital gains tax in Singapore. Crypto trading is treated as business income only if conducted in a commercial capacity. Most individual investors owe no tax.

Guide coming soon

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Last updated: April 2026