Cryptocurrency Taxes: A Global Overview of Top 12 Destinations in 2023

As we journey through the evolving landscape of cryptocurrency, a clear understanding of tax policies is paramount. Here's your handy guide to navigating the crypto tax waters across 12 standout nations.

1. Malta πŸ‡²πŸ‡Ή

Dubbed 'The Blockchain Island', Malta is a haven for crypto investors.

  • Capital Gains: Exempted for long-term holdings.
  • Income: Rates vary from 0-35%, depending on several factors.
  • Additional Perks: No levies on wealth, inheritance, or gifts.

2. Switzerland πŸ‡¨πŸ‡­

Switzerland, with its thriving 'Crypto Valley', is a magnet for crypto businesses.

  • Capital Gains: Individual investors are in luck, no taxes here!
  • Income: Activities such as mining are taxed between 0-13.2%.
  • Wealth: A modest 0.5-0.8% based on your canton.

3. Germany πŸ‡©πŸ‡ͺ

Germany has struck a balance in its approach to crypto taxation.

  • Capital Gains: Hold onto your assets for over a year, and they're tax-free.
  • Income: Profits above €600 from short-term holdings may see a tax rate between 0-45%.

4. Belarus πŸ‡§πŸ‡Ύ

Belarus is pioneering a tax-free approach till 2025.

  • Tax Benefits: Enjoy complete exemption from crypto taxes for the time being.

5. Portugal πŸ‡΅πŸ‡Ή

The sunny shores of Portugal come with a varied tax structure.

  • Capital Gains: No taxes on assets held for over 365 days. Short-term disposals see a 28% rate.
  • Income: Mining could be taxed up to a whopping 95%.

6. Singapore πŸ‡ΈπŸ‡¬

Singapore stands out with its forward-thinking tax policies.

  • Capital Gains: Absolutely none.
  • Income: The context of earning plays a role in taxation.

7. Malaysia πŸ‡²πŸ‡Ύ

Malaysia's policies echo some of Singapore's perks.

  • Capital Gains & Income: Generally none, but frequent traders need to watch out.

8. El Salvador πŸ‡ΈπŸ‡»

Being the first to embrace Bitcoin as legal tender, El Salvador has an innovative approach.

  • Tax Benefits: All tech innovation-related incomes, including crypto, are currently tax-free.

9. Cayman Islands πŸ‡°πŸ‡Ύ

A popular tax haven, but there's more to the story.

  • Capital Gains & Income: None, but living here might have other financial implications.

10. Bermuda πŸ‡§πŸ‡²

Bermuda's allure isn't just its beaches; it’s also tax policies.

  • Capital Gains & Income: Completely exempted.
  • Property: Landowners and long-term renters should be aware of possible taxes.

11. United Arab Emirates πŸ‡¦πŸ‡ͺ

The glamour of UAE is complemented by its friendly tax policies.

  • Capital Gains & Income: No taxes to worry about.
  • VAT: A uniform 5% on purchases, including those made with crypto.

12. Puerto Rico πŸ‡΅πŸ‡·

Though a US territory, Puerto Rico crafts its own tax narrative.

  • Capital Gains: None, but conditions apply based on when and where assets were acquired.
  • Income: Territorial rates range between 0-33%.

In wrapping up, while various nations offer enticing tax incentives, it's always wise to get advice from seasoned tax professionals. Stay savvy, keep updated, and maximize your crypto returns responsibly!

Need a Hand with Your Crypto Taxes?

If you're on the hunt for the perfect crypto tax solution, look no further. Dive into our user-friendly Crypto Tax Software Comparison tool, find the best software tailored to your needs, and unlock exclusive discounts.


Disclaimer: The information provided in this blog post is for general information purposes only. The information was completed to the best of our knowledge and does not claim either correctness or accuracy. For detailed information on crypto taxes, we recommend contacting a specialist in the specific country.


Use our free tool to find a crypto tax software for your DeFi, NFT or crypto income.

πŸ‘ Filter by supported exchanges, wallets, DeFi or NFT tx support;
πŸ‘ Search by TurboTax or TaxAct integration or supported countries;
πŸ‘ Check Tax-loss Harvesting or Portfolio Tracking tools;
πŸ‘ Get special discounts on crypto tax software.

best crypto tax software

Get crypto tax strategies and insights in your inbox