Divly produced a Global Cryptocurrency Taxation Report aiming to find out how many cryptocurrency investors declared their cryptocurrencies to their local tax authorities in 2022.

Just 0.53% of cryptocurrency investors had declared their cryptocurrency activity in 2022, the company found out. The research was based on “official government figures and search volume data”. Its authors believe that the search volume for cryptocurrency tax-related keywords correlates with the number of people who declared their cryptocurrency in their tax returns.

The highest rate of tax paying crypto investors was found in Finland (4,09%). Australia (3,65%), Austria (2,75%), Germany (2,63%) and the UnitedKingdom (2,61%) complete the Top-5.

Philippines have the lowest rate at 0.03%. The probability that a cryptocurrency owner pays some taxes on it was estimated as 0.53%. However, the very ownership of crypto is rarely taxed, people must pay taxes on trading profits.