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Regulation and Taxation of Crypto Income in India, China, and UAE

In: Business and Management in Asia: Finance and Investments in the Digital Age

Author

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  • G. V. Satya Sekhar

    (GITAM University)

Abstract

Crypto income may be raised through the sale or transfer of cryptocurrency. It is to be noted that most cryptocurrencies are private, decentralized, and have no locus of control, and they are not accepted as legal tender money in some countries. Every investor should remember that different terminologies are used for cryptocurrency, and various enactments are made for tax imposition across the globe. For instance, the evolution of the terminology used by regulators for cryptocurrencies during 2013–2024 can be stated as Bitcoin, Virtual Currency, Electronic Currency, Cryptocurrency, Digital Currency, Virtual Asset, Virtual Digital Asset, Crypto Asset, Digital Financial Asset, and Digital Asset. Hence, the tax treatment of crypto income depends entirely on the nature and holding period, such as revenue income or capital gains. Sometimes, it can be treated as a sale of goods or commodities and taxable under ‘Value Added Tax’ or ‘Goods and Services Tax.’ This chapter addresses the regulatory and taxation systems for crypto income in the three Asian Countries considered for this study: India, China, and UAE.

Suggested Citation

  • G. V. Satya Sekhar, 2025. "Regulation and Taxation of Crypto Income in India, China, and UAE," Springer Books, in: Tobias Endress & Yuosre F. Badir (ed.), Business and Management in Asia: Finance and Investments in the Digital Age, pages 53-69, Springer.
    • Handle: RePEc:spr:sprchp:978-981-96-3452-1_4
    DOI: 10.1007/978-981-96-3452-1_4
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