Countries which have zero to almost none taxes on Cryptocurrency
1) Belarus
Mining &
Investing in
crypto are considered as personal investment here.
Hence, no income tax is applicable on profit gains from selling or trading cryptos till 2023.
No income tax is imposed on both crypto businesses and investors.
2) Cayman Island
3) Germany
Germany is not completely crypto tax free, but they have some crypto friendly rules.
If you hold your cryptos for a year, & after that you sell or trade, no crypto tax will be applicable.
4) El Salvador
El Salvador is the first country to adopt bitcoin as a legal tender.
Government does not impose any taxes on crypto trading or selling here.
5) Malaysia
Cryptocurrency is tax free here only if you are not generating regular income from it.
6) Switzerland
Nowadays Switzerland is also known as
Crypto Valley.
In Switzerland Crypto tax is levied only on qualified day traders and certified crypto miners.
In India, 30 % taxes is levied on the gain generated from crypto or any other digital assets.
Find out how
is it impacting crypto investors.