According to Divly, a Swedish cryptocurrency tax firm claimed that more than 99% of cryptocurrency users globally are not crypto taxes. Divly published a detailed report on crypto taxes, including the names of countries that pay the most and the least taxes.
The report is titled “ Global Cryptocurrency Taxation Report 2022,” in which the firm analyzed the total taxes collected in 2022 by countries with massive cryptocurrency users.
The Divly report is based on taxes collected from several countries on crypto holdings in 2022. Finland is the topper of the list, where 4.09% of total crypto users paid taxes on their holdings in 2022. The Philippines is ranked last in the list, with 0.03% of total crypto holders paying their taxes in 2022.
List of Countries Paid Crypto Tax Payment in 2022
The report states that Finland cryptocurrency holders paid the most taxes in 2022, followed by Australia, Austria, Germany, United Kingdom, Norway, Japan, Sweden, Canada, United States, Netherlands, Ireland, France, Spain, Denmark, New Zealand, Singapore, Switzerland, Italy, Brazil, India, Indonesia and the Philippines.
As per the report, 3.25% of crypto users of Oceania pay taxes, followed by North America, where 1.62% of total cryptocurrency holders pay taxes, Europe had only 1.52% of crypto users who paid taxes in 2022, and the least taxes are paid from Asia where only 0.20% of total cryptocurrency users paid taxes.
According to Triple’s data, there are more than 420 million cryptocurrency users globally. Asia has the highest crypto users base, over 260 Million; North America has 54 million active crypto users base; Africa has 38 Million crypto users; South America has 33 Million crypto users, Europe has 31 Million, and Oceania has the least number of crypto users 1.5 Million.
It is important to note that Oceania has the least number of crypto users but pays the highest taxes compared to other continents. More than 3% of total crypto users in Oceania are paying crypto taxes.
Nowadays, trading and holding cryptocurrencies is as easy as browsing the internet. In fact, there are 500+ companies globally that now accept cryptocurrency payments. Some major names on the list are Tesla, Microsoft, Visa, Mastercard, Burger King, Shopify and several others.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/04/08/only-0-5-of-global-crypto-users-paid-taxes-in-2022-report/