Countries with real tax havens
1. Malta
A place where crypto investors feel like they are on vacation: zero income tax on long-term investments. But if you are actively trading, prepare to pay up to 35% corporate tax.
2. Cayman Islands
Crypto taxes? Never heard! There is no income, capital or income tax. That is why crypto exchanges choose Cayman as a legal residence. Paradise island, right?
3. Portugal
Investors don’t pay taxes on crypto sales unless it’s a business. Professional traders will have to pay anywhere from 10% to 28%. But overall, for crypto newbies, it’s almost a European Maldives paradise.
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Countries with moderate taxes
4. Switzerland
For individuals, capital gains are not taxed, but miners and traders are subject to normal taxation (up to 40%). In addition, there is a "wealth tax" for owners of large assets.
5. Germany
If you hold the crypto for more than a year, there is no tax at all. But if you sell it earlier, income over 600 euros is taxed at a progressive rate (from 0% to 45%).
6. Canada
Half of cryptocurrency earnings are included in income and taxed at progressive rates (from 15% to 33%). Fair, but not perfect.
7. Ukraine
The expected tax for individuals is 18% personal income tax plus 1.5% military levy. Legal entities — 18% corporate tax. But for now, the crypt exists in a gray area, and declarations often resemble a game of hide and seek.
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Countries where crypto causes a "tax headache"
8. India
30% on every trade, plus 1% TDS (Tax at Source) for transactions above Rs 10,000. After that, trading turns into an expensive marathon.
9. USA
Crypto is treated as property. Every transaction is a taxable event. Progressive taxes: from 10% to 37% depending on income. Well, what did you want in a country where the IRS knows even your favorite crypto exchange?
10. Australia
Capital gains are taxed at standard rates (up to 45%). But if you keep the crypto for more than a year, there is a 50% discount.
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Countries with a complete ban or difficulties
11. China
Crypto is officially banned, but there are rumors that assets are being quietly moved abroad. If you are "caught" in crypto-activities, it will not even be a question of taxes - everything will be confiscated.
12. Ecuador
Although crypto is allowed, the country does not recognize it as a means of payment. Taxes vary depending on usage, but the red tape makes understanding them another challenge.
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Result
The world of crypto taxes is a mess. Some countries pamper investors, like Malta or Portugal, while others, like India, make crypto trading an expensive pleasure. Ukraine is still forming on this issue, but if the authorities apply excessive pressure, crypto risks remaining in the shadows. So read the laws, calculate profits and remember: crypto investments are not only income, but also potential liabilities to the state.
