Taxation involves a government's legal right to impose financial charges on its citizens to fund various public services including infrastructure, healthcare, and education. In the web3 context, taxation becomes significant considering the rise of cryptocurrencies, decentralized finance (DeFi), and non-fungible tokens (NFTs). As these categories of assets gain popularity, their treatment under tax laws becomes critical for stakeholders operating within this space. Different jurisdictions have different tax implications for crypto transactions, leading to complexities for users dealing with cross-border transactions.