October 18, 2022
Here’s the list of Tax Free Crypto Countries
Singapore follows a territorial tax regime under which only income earned in Singapore is taxable.
Singapore
Only Frequent trading of cryptocurrencies in the “regular course of business” is considered income and subject to income tax.
Hong Kong
Learn more It views cryptocurrencies as private money and not capital assets. So if one keeps the cryptocurrency for over a year and later decides to sell it, then one pays no tax on it. Germany Learn more In Switzerland there is no capital gains tax for individuals who do not trade or professionally mine cryptocurrencies. Switzerland Read More In Malaysia, cryptocurrency transactions are tax-free for retail investors as cryptocurrencies are not considered capital assets or legal tender by Malaysian authorities. Malaysia Malta, also known as Blockchain Island, is a tax haven for cryptocurrencies. The country recognizes cryptocurrencies as "a unit of account, a medium of exchange, or a store of value." Malta Portuguese individuals who profit from buying and selling cryptocurrencies are not taxed on capital gains. Portugal Read More Stories