Real Estate Tokenization!? IMF Released Global Financial Stability Report - Regulatory & Tax Update By crypto.com| FXMAG.COM

IMF calls for a uniform crypto regulatory framework globally. Germany is the ‘most crypto-friendly country,’ says a recent report. Oman plans to allow issuance of real estate tokens.

APR 21, 2022

Key Takeaways

On Tuesday, The International Monetary Fund (IMF) released its quarterly Global Financial Stability Report, in which it encouraged global policymakers to implement a uniform regulatory framework for crypto.
Germany surpassed Singapore as the most crypto-friendly country in the world in a recent report from Coincub that ranks 46 countries. The report looks into countries’ crypto acceptance based on a number of factors, including ICO status, fraud prevalence, and general availability.
Oman’s virtual asset regulatory framework is set to include real estate tokenization, which will allow the issuance of virtual assets such as real estate tokens for the first time. The country aims to open up real estate opportunities for local and foreign investors.

Regulatory (1200x728)

Highlights

G20’s Latest Crypto Policies

* G20 countries here do not include all but only selected member states.

G20’s Regulatory Heatmap

Data as of April 2022; Source: WhiteSight

G20’s Crypto Taxation

Country / Region	Classification	Type of Tax	Tax Rate
Argentina	Unspecified	N.A.	N.A.
Australia	Asset	Progressive Income Tax, and Progressive Capital Gains Tax (CGT)	0-45%
Brazil	Asset	Progressive CGT	15-22.5%
Canada	Asset	Progressive Income Tax / CGT	15-33%
China (Mainland)	Virtual Commodity	Progressive Income Tax (for international trading)	3-45%
China (Hong Kong)	Digital Asset	N.A.	N.A.
France	Movable Asset	Income Tax	Occasional traders – Flat Tax of 30% Professional traders – BIC tax of 45% Crypto miners – BNC Tax of 45% (Effective from 2023)
Germany	Private Asset	Income Tax	0-45%
India	Digital Asset Financial Service	CGT Income Tax Goods & Services Tax (GST) Tax Deducted at Source (TDS)	CGT: 30% Income tax: 30% GST: 18% TDS: 1% (from 1 July 2022)
Indonesia	Digital Asset	CGT Value-added Tax (VAT)	CGT: 0.1% (from 1 May 2022) VAT: 0.1% (from 1 May 2022)
Italy	Others	Unspecified	Unregulated
Japan	Property	Miscellaneous Income Tax	Under JPY 200K: 0% Residents: 5-55% Non-residents: Flat 20%
Portugal	Unspecified	N.A.	N.A.
South Korea	Property	CGT	20% (Effective from 2023)
Spain	Assets	Income Saving Tax	Below EUR 50,000: 0% Otherwise: 19-26%
Mexico	Virtual Asset	Income Tax	Unregulated Residents: 30%
Netherlands	Asset	Wealth Tax	Below EUR 50,000: 0% Otherwise: 31%
Russia	Unspecified	N.A.	N.A.
Saudi Arabia	Unspecified	Unspecified	Unregulated
South Africa	Asset	Income Tax	18-45%
Turkey	Commodity	Income Tax	15-40%
U.K.	Crypto Asset	Corporation Tax Individual Tax	Corporations: 19% Individuals: 0-45%
U.S.	Property	Short-Term / Long-Term Tax	Short-Term: 10-37% Long-Term: 0-20%

* G20 countries here do not include all EU members, but selected ones only

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