Manas Malhotra
Some countries offer zero or near-zero crypto capital gains taxes through territorial taxation, exemptions, or the absence of specific crypto taxes.
The UAE has no income or capital gains tax. Personal crypto trading, staking and mining are generally untaxed, though business activity may face corporate tax.
Singapore has no capital gains tax, so personal crypto disposal is generally untaxed. However, profits from crypto trading as a business can face income tax.
Germany makes crypto gains tax-free after a holding period exceeding 12 months. Selling within one year can trigger income tax on gains above 1,000 Euros annually.
Portugal taxes crypto held under one year at 28 per cent, but gains become tax-free after 12 months. Crypto-to-crypto swaps are also exempt for investors.
Switzerland has no capital gains tax for individual crypto investors. However, crypto holdings are included in the annual wealth tax, with rates varying by canton.
Hong Kong generally does not tax crypto gains from personal investments under its territorial tax system. Crypto trading businesses can face a 16.5 per cent profits tax.
Monaco imposes no personal income or capital gains tax on residents, including cryptocurrency. French nationals living there remain subject to French taxation under the bilateral agreement.
Malaysia generally does not tax crypto gains for individual investors. However, frequent or organised trading may be treated as business income and taxed accordingly.
Thailand exempts crypto capital gains from transactions through locally licensed exchanges, brokers or dealers until December 31, 2029, supporting its digital asset hub ambitions.
El Salvador has zero capital gains tax on certain Bitcoin and digital-asset transactions. Its territorial tax system generally leaves foreign-sourced income untaxed, according to IMI Daily.