Less Than 1% of Crypto Investors Declared Their Taxes to Authorities (Study)

4.09% of the cryptocurrency investors in Finland have paid taxes last year, while only 0.03% of the Filipino traders have done so.

Highlights

Only 0.53% of cryptocurrency investors globally paid taxes on their trades last year.
Finland had the highest payment rate in Europe, while Italy was at the bottom with 0.26%.
Japan was the Asian country with the highest tax payment rate at 2.18%.
The Philippines has the lowest payment rate, with just 0.03% of those in the Philippines having done so.
Germany has the best tax laws, with 4.09% of investors settling their tax policies.
Nearly 95.5% of global cryptocurrency traders had not paid their taxes in 2022, Divly said.

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