Crypto & NFT Tax Laws (Differences Globally)

Hi all,

I was wondering if anyone knew the different tax laws across different nations for crytpos.

For example, it is my understanding that if you were to use Ethereum to purchase Bitcoin, you would pay captial gains on that exchange. Also, if you used Bitcoin to purchase a hot dog, you would again pay tax on that (assuming both were at higher values than your basis).

But in Singapore, if you were to use your Ethereum to purchase a Non-Fungible Token (NFT), you wouldn't have to pay tax for that exchange (this is in reference to that NFT art work that was recently sold by Beeple for $69 million).

Given this I was wondering if anyone has experience in different countries as to how they tax cryptos. Or if there is a centralized repository where one could see how different crypto transactions were taxed across nations across the globe. I imagine this could get quite complex, complicated, and confusing.

Here is an example from CNBC that says you have a taxable event everytime you buy and sell either cryptos or NFTs in the US. However, in Singapore you don't pay tax when you buy NFTs with your crytpos.

So I was wondering if anyone knew or knew of a good source that consolidates this information.

Thank you for your time.