#crypto tax

For this last goal, the city of Rio will create a new institution, the Municipal Committee for Cryptocurrencies, that will study the best way to put some city funds into cryptocurrencies, being compliant with all the laws of public spending in the country.

If you trade crypto in India, this is the rule that catches almost everyone off guard.

Section 115BBH doesn't just tax gains at a flat 30%. It also blocks any loss relief:

- A loss on one coin CANNOT offset a gain on a different coin

- Crypto losses CANNOT offset salary, stock gains, or any other income

- Losses CANNOT be carried forward to next year — they just expire

Real example: profit ₹3,00,000 on Bitcoin, loss ₹2,00,000 on an altcoin in the same year. Intuitively you're up ₹1,00,000 net. Under 115BBH you still owe 30% tax on the full ₹3,00,000 Bitcoin gain — the altcoin loss provides zero relief and simply vanishes.

Add the 1% TDS on most transfers and every VDA-to-VDA trade becomes its own fully taxed, non-nettable event. This is one of the strictest treatments of any asset class in India, unchanged since it was introduced.

Full breakdown with more INR examples: https://bitcoinchurchasia.com/en/india-crypto-tax-loss-setoff/

Foreign resident crypto tax guide Korea Crypto Tax for Foreign Residents:What Expats Need to Know Before Moving Coins Crypto tax in Korea is not just a rate. For foreign residents, the sharper question is usually where your taxable life sits: your days in Korea, your address, your visa history, your Korean bank links, your exchange accounts, and the chilly little CSV files nobody wants to…