Countries with No or Minimal Crypto Taxes:
1. Belarus
- Crypto transactions are tax-free until 2023 for individuals and businesses.
2. Portugal
- No tax on personal crypto gains.
- Only businesses that offer crypto-related services pay taxes.
3. Germany
- No capital gains tax on crypto held for more than one year.
4. Singapore
- No capital gains tax on cryptocurrency.
- Businesses using crypto are taxed on profits derived from it.
5. Malta
- No capital gains tax on long-term crypto holdings.
- Businesses pay taxes on crypto transactions.
6. Switzerland
- No capital gains tax for individuals, but residents may pay wealth tax on the total value of their crypto holdings.
7. El Salvador
- Cryptocurrency is recognized as legal tender, and there is no capital gains tax on Bitcoin.
8. Malaysia
- No capital gains tax on cryptocurrency.
9. United Arab Emirates (UAE)
- No personal income tax or capital gains tax on crypto.
- Businesses registered in free zones pay no taxes.
These countries provide tax benefits, which can be appealing to crypto investors and traders looking to optimize their tax responsibilities. However, tax laws can change, so itâs always a good idea to consult with a tax professional or local regulations.
