05-04-2021, 05:12 AM
Countries with ZERO taxes on crypto, uh, because some of you might want to know.
<!-- SC_OFF --><div class="md"><p><strong>Germany:</strong></p> <p>Cryptos are 'Personal Money'. Exempt from taxes if you hodl for more than 1 year. Ez for diamond hands crowd.</p> <p>Bonus point: good beer, good roads, good cars.</p> <p><strong>Vanuatu:</strong></p> <p>No income taxes whatsoever. The country has very few taxes.</p> <p>Bonus points: cheap private islands, white sandy beaches, tropical weather, Pacific Oceania climate.</p> <p><strong>Singapore:</strong></p> <p>No capital gains taxes. No taxes on crypto.</p> <p>Bonus points: the heart of South East Asia, clean streets, great urban landscape, great nightlife.</p> <p><strong>Belarus:</strong></p> <p>Crypto gains will be exempt from taxes until 2023.</p> <p>Bonus points: Russia-lite, cheap housing, cheap cost of living.</p> <p><strong>Portugal:</strong></p> <p>Tax code hasn't been updated for crypto. Too lazy to update. Therefore crypto isn't subject to any tax.</p> <p>Bonus points: Sunny summers, cozy winters, amazing beaches, great food, great history.</p> <p><strong>Malta:</strong></p> <p>Blockchain island - long term capital gains taxes aren't applied to crypto and VAT are not applied on sales or purchases of crypto, making crypto tax free.</p> <p>Bonus points: Mediterranean climate, good nightlife, island life.</p> <p><strong>Other honorable mentions:</strong></p> <p>Malysia, Bermuda, Estonia, Slovenia.</p> <p>​</p> <p><strong>Disclaimer:</strong></p> <p><em>Depending on what citizenship you have, you might still need to pay your taxes earned abroad. Check with your local tax laws before YOLOing. This is not to encourage you to evade taxes!</em></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/savage-dragon"> /u/savage-dragon </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n3vfnd/countries_with_zero_taxes_on_crypto_uh_because/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n3vfnd/countries_with_zero_taxes_on_crypto_uh_because/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p><strong>Germany:</strong></p> <p>Cryptos are 'Personal Money'. Exempt from taxes if you hodl for more than 1 year. Ez for diamond hands crowd.</p> <p>Bonus point: good beer, good roads, good cars.</p> <p><strong>Vanuatu:</strong></p> <p>No income taxes whatsoever. The country has very few taxes.</p> <p>Bonus points: cheap private islands, white sandy beaches, tropical weather, Pacific Oceania climate.</p> <p><strong>Singapore:</strong></p> <p>No capital gains taxes. No taxes on crypto.</p> <p>Bonus points: the heart of South East Asia, clean streets, great urban landscape, great nightlife.</p> <p><strong>Belarus:</strong></p> <p>Crypto gains will be exempt from taxes until 2023.</p> <p>Bonus points: Russia-lite, cheap housing, cheap cost of living.</p> <p><strong>Portugal:</strong></p> <p>Tax code hasn't been updated for crypto. Too lazy to update. Therefore crypto isn't subject to any tax.</p> <p>Bonus points: Sunny summers, cozy winters, amazing beaches, great food, great history.</p> <p><strong>Malta:</strong></p> <p>Blockchain island - long term capital gains taxes aren't applied to crypto and VAT are not applied on sales or purchases of crypto, making crypto tax free.</p> <p>Bonus points: Mediterranean climate, good nightlife, island life.</p> <p><strong>Other honorable mentions:</strong></p> <p>Malysia, Bermuda, Estonia, Slovenia.</p> <p>​</p> <p><strong>Disclaimer:</strong></p> <p><em>Depending on what citizenship you have, you might still need to pay your taxes earned abroad. Check with your local tax laws before YOLOing. This is not to encourage you to evade taxes!</em></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/savage-dragon"> /u/savage-dragon </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n3vfnd/countries_with_zero_taxes_on_crypto_uh_because/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n3vfnd/countries_with_zero_taxes_on_crypto_uh_because/">[comments]</a></span>Kind Regards R