Where would you pay the least tax on your bitcoin gains from last year?
🇦🇷 Argentina: 15% tax on crypto income gains.
🇧🇬 Bulgaria: EU-aligned, lowish income tax of 10% on crypto gains.
🇨🇾 Cyprus: Tax advantages for crypto gains, VAT exempted, residence visas offered.
🇬🇮 Gibraltar: Tax charged on overall income, no capital gains tax on crypto.
🇬🇷 Greece: 15% tax on individual crypto gains, visa scheme for property investors.
🇭🇰 Hong Kong: Income tax on professional trading, no capital gains tax on crypto.
🇭🇺 Hungary: Flat 15% tax rate on individual crypto trading profits.
🇰🇿 Kazakhstan: Low 15% tax on crypto mining gains.
🇱🇮 Liechtenstein: Low-taxation, 12.5% flat-rate tax on overseas crypto income.
🇱🇹 Lithuania: 20% tax on non-work-related income, including crypto.
🇳🇬 Nigeria: Classifies crypto as either commodity or security, 10% tax on long-term capital gains.
🇲🇹 Malta: Complex tax system, no capital gains tax on long-held digital currencies.
🇲🇾 Malaysia: Tax-free crypto transactions, frequent trading considered profession.
🇲🇽 Mexico: 30% corporate income tax on crypto assets.
🇵🇱 Poland: 19% tax on personal and large business crypto gains, 15% for smaller companies.
🇵🇹 Portugal: Tax-free for casual crypto income, up to 35% tax on commercial operations.
🇵🇷 Puerto Rico: Large tax savings, potential for zero tax on crypto capital gains.
🇷🇴 Romania: Flat 10% tax rate on crypto earnings exceeding 600RON per year.
🇸🇮 Slovenia: No capital gains tax on individual bitcoin sales.
🇹🇭 Thailand: 7% VAT exemption for digital asset trades, 15% capital gains tax on crypto income.
🇸🇬 SINGAPORE - Friendly regulatory environment with no capital gains tax on cryptocurrencies for individuals, but companies are taxed on their profits.
🇨🇭 SWITZERLAND - Known for the 'Crypto Valley', profits made by individuals are considered as personal income and subject to income tax progressive 11% federal tax plus cantonal tax, while professional trading is subject to corporate tax
🇻🇳 VIETNAM - Crypto is not recognized as a legal payment form but there are no specific regulations on crypto taxation, hence it falls into a legal gray area.
🇬🇪 GEORGIA - 0% - Despite being a hotspot for mining due to cheap electricity, cryptocurrency is unregulated and there's no specific legislation on taxation.
🇹🇷 TURKEY - Ban - Crypto transactions are tax-free unless they are part of a business operation. However, they're not legally accepted as a form of payment.
🇧🇪 BELGIUM - Cryptocurrencies are treated as speculative foreign currencies, with gains not subject to tax unless they result from professional activity.
🇫🇮 FINLAND - Crypto profits are taxed as capital income, at a rate of 30% (or 34% for profits over €30,000). Losses are deductible.
🇺🇸 UNITED STATES - Crypto taxation in the US can range from a short-term income tax of 37% to a long-term capital gains tax of 20%, varying significantly by state.
PUERTO RICO - As a US territory with its own tax laws, Puerto Rico can offer 100% tax exemption on all capital gains, including crypto, for those who relocate their business and establish residency.
CALIFORNIA - Despite having the country's highest income tax rate (13.3%), California is proactively fostering crypto adoption and regulation through its Office of Financial Technology and Innovation.
COLORADO - A frontrunner in the crypto revolution, Colorado boasts high crypto usage and legislation that encourages crypto ventures.
FLORIDA - Home to a vibrant crypto community and notable events like the Bitcoin Conference in Miami, Florida is discussing proposals to accept crypto for certain state taxes.
WYOMING - With no personal or corporate income tax and over 20 laws facilitating crypto businesses, Wyoming is one of the most crypto-friendly states in the US.
TEXAS - Texas' absence of personal income tax, pro-crypto laws, and low energy costs make it a hot spot for the bitcoin mining industry and other crypto ventures.