Monday, October 17, 2022

Top 20 Tax-Free Crypto Friendly Countries. [ Ultimate List ]

Always double check the information before taking any steps.

1. Singapore

Positives: There is no tax on capital gains or on goods and services purchased with cryptocurrency. Negatives: tax on income, mining, and businesses.

2. Portugal

No tax on crypto if it is not your professional activity which is treated as main income.New crypto taxation policy in 2023 ( Great for Hodlers )Positives: There is no capital gains tax if held for more than a year.Negatives: 28% tax on capital gains if sold within a year.

3. Germany

There is no tax on being Diamond Hands and profit less than €600 .Taxable events: -• Sold, Swapped or Spent within a year ( Not if the profit is less than €600 )• Staking ( Not if sold after 10 years of staking )• Getting paid into crypto• Mining crypto

4. Hong Kong

Positives: No tax on long-term investments.Negatives: Frequent trading, which is treated as income, is taxed.

5. Switzerland

Positives: There is no capital gains tax for individuals who do not engage in professional cryptocurrency trading or mining.Negatives: tax on income and wealth if you trade (qualified day trader) or mine cryptocurrencies professionally.

6. Dubai

0% tax on cryptos because there's no tax whatsoever.

7. El Salvador

No capital gains or income tax on Bitcoin.

8. Belarus

No Tax on Capital Gains and Mining. In 2023, the authorities will review the regulations.

9. Slovenia

Positives: There is no capital gains tax.Negatives: 25% tax on mining revenue.

10. Georgia

0 % tax on capital gains (individual investors only).

11. Malaysia

Positives: No tax for individual investors ( occasional trading )Negatives: income tax for day traders ( continuous and frequent ), businesses, and mining crypto.

12. Malta

Positives: No capital gains tax on long-term gains from selling cryptocurrency as it is recognized as a "store of value."Negatives: 0% - 35 percent for day traders as subjected to business income ( depends on factors such as residency and how much you make )

13. Bahrain

No tax on crypto ( individual gains )

14.Bermuda

No tax on crypto.

15. Costa Rica

No tax on capital gains

16. Panama

No tax on capital gains.

17. Puerto Rico

Puerto Rican citizens pay very little to no taxes on capital gains, dividends, and interest. Puerto Rico is an unincorporated territory of the United States that has its own tax laws.

18. Vanuatu

0% taxes on income, wealth, capital gains, dividends, and interest.

19. Cayman Islands

No capital gains or income tax.

20. Gibraltar

No tax on capital gains , Vat

Disclaimer: The post is for informational purpose only.


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