in

10 Countries That Don’t Tax Bitcoin Gains 2021 – Decrypt

10 Countries That Don’t Tax Bitcoin Gains 2021 – Decrypt



View Reddit by NobelStudiosView Source

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

21 Comments

  1. For those that don’t want to click:

    1. Belarus
    2. Germany
    3. Hong Kong
    4. Malaysia
    5. Malta
    6. Portugal
    7. Singapore
    8. Slovenia
    9. Switzerland
    10. Bermuda

  2. Now someone cross reference this with a list of where I can move to and gain residence in about 2 weeks, so I can go on holiday, become a resident, convert my crypto to fiat and then come back and be like sorry gubmints this is my money

  3. I actually have zero issues paying taxes on my crypto gains. In my opinion if the tax goes towards making someone’s life better through social programs, infrastructure, etc. I’m all for it.

    Also, this may be an unpopular opinion in this sub.

  4. It looks like this post is about taxes. Tax laws vary between countries, so you may get more helpful replies if you specify the place you are asking about.

    Please note that Rule #4 does not allow for Tax Evasion. This is [a site wide rule](https://www.redditinc.com/policies/content-policy) and [a subreddit rule](https://www.reddit.com/r/CryptoCurrency/about/rules/). Do not endorse, suggest, advocate, instruct others, or ask for help with tax evasion. Do not be coy and sarcastically recommend against it or suggest using a privacy coin in response to an IRS inquiry.

    Note: Tax discussion is allowed as long as the above rules are not violated.

    ***

    *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

  5. Germany shouldn’t place second.

    Even swapping is an taxable event if you don’t hold for a year and tax rate is 25% I think.

    Made the mistake and was day trading at first.

    I don’t have a problem with helping someone but I hate the politics here and I know they will waste a lot of it.
    Would prefer when 25% goes to some charity.

  6. Canada isn’t terrible, but it’s not great either.

    We only pay tax on 50% of our capital gains, and it’s just added to our income.

    Of course, my issue is that I’m about $10,000 in salary short of a major tax bracket jump, and I’ve made much more than $10K on crypto this year. -.-

  7. tldr; Cryptocurrency transactions are currently tax-free in Malaysia, and cryptocurrencies don’t qualify for capital gains tax in Singapore. Germany regards Bitcoin as private money, as opposed to a currency, commodity, or stock. Malta and Portugal are among the most crypto-friendly tax jurisdictions in the world.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  8. Germany does not tax profits, if you held longer than a year. Otherwise, even trading is taxed and all profits are added to your income. Tax may be as high as 42% then.

  9. Just to add on to this list, Austria has the same regulations as Germany. If you’ve held your crypto for more than a year before selling, it’s 100% tax-free (otherwise you pay 27,5% on capital gains). Literally rewards you for hodling!

Loading…

0

What do you think?

Bret lee – Australian bowler has donated 1 BTC to India to cope with COVID 19 outbreak.

Ethereum Price

TA: Ethereum Seems Unstoppable, Here’s How ETH Could Extend Rally