#MarketDownturn
Here is a list of cryptocurrency capital gains tax rates for 20 countries, ranked from highest to lowest:
| Country | Tax Rate |
|--------------------|-------------------|
| Germany | 50.5% |
| Denmark | 52.06% |
| Finland | 44% |
| Belgium | 50% |
| Luxembourg | 42% |
| Netherlands | 31% |
| France | 30% |
| Austria | 27.5% |
| Bulgaria | 10% |
| Switzerland | 0% |
| Cyprus | 0% |
| Estonia | 0% |
| Malta | 0% |
| Slovenia | 0% |
| Italy | 26% |
| Spain | 23% |
| Portugal | 21% |
| Greece | 20% |
| Croatia | 18% |
In Germany, cryptocurrency transaction fees can be very high, but there are tax exemptions if cryptocurrencies are held for more than a year or if annual capital gains are less than 600 euros
