Which countries have fair tax rates?

[Findingnemo]

In your opinion which countries are having the fair or less tax rates for cryptocurrency in any form, just to find what are the best countries for a crypto holder to move in this 2025.

Also let's debate what is that fair tax rate for crypto, is it 10% or 24%, any number that should benefit the government's revenue but not be a pain for the investor?

[joniboini]

I don't really have a frame of reference for this. In my country though, people don't want to pay taxes for more than 10% because public infrastructures are not really good across the whole nation. We got a little bit of drama a few months ago when the government wanted to increase the tax rate for buying new stuff to 12% from 10%. Maybe things will be different if our country is rich and everyone earns a ton of money (assuming the cost of living is still cheap). As for crypto, I feel like my country is still quite okay for crypto, but there's a chance things will change drastically in the next few years because the government wants to enforce stricter rules for the market.

[Zed0X]

Well, how about El Salvador? They're always in the topic of discussion when it comes to bitcoin adoption and I read that there are many tax exemptions for crypto transactions. You might want to consult a local tax expert there if you're serious about moving.

When it comes to the rate, you're probably thinking about countries that treat crypto assets as real properties where capital gains tax applies. I think 20% and under are fair.

[hugeblack]

Those countries that ban Bitcoin but do not have clear legislation that criminalizes dealing with Bitcoin or considers it part of money laundering will be the best as the taxes are zero. Generally according to many articles Georgia, Cayman Islands, Germany and Hong Kong are the best option

Well, how about El Salvador? They're always in the topic of discussion when it comes to bitcoin adoption and I read that there are many tax exemptions for crypto transactions. You might want to consult a local tax expert there if you're serious about moving.

El Salvador is a developing country and other than Bitcoin there is no reason to travel there.I don't see any update from them on taxes and services related to cryptocurrencies.

[Findingnemo]

Well, how about El Salvador? They're always in the topic of discussion when it comes to bitcoin adoption and I read that there are many tax exemptions for crypto transactions. You might want to consult a local tax expert there if you're serious about moving.

When it comes to the rate, you're probably thinking about countries that treat crypto assets as real properties where capital gains tax applies. I think 20% and under are fair.

I don't find any solid source about Taxation system in El Salvador but based on Google there's 30% capital gains tax but also some articles highlighted currently no taxes on Bitcoin for investment purposes. But if the value is zero then it's the best country right now, better than paying 20% of our profits to government which doesn't do anything productive for the people from the tax money.

[Zed0X]

Well, how about El Salvador? They're always in the topic of discussion when it comes to bitcoin adoption and I read that there are many tax exemptions for crypto transactions. You might want to consult a local tax expert there if you're serious about moving.

I don't find any solid source about Taxation system in El Salvador but based on Google there's 30% capital gains tax but also some articles highlighted currently no taxes on Bitcoin for investment purposes.

Yeah, I also cannot find the main source of some articles saying there is completely no capital gains tax or even income tax for crypto trading gains. There is no reference to the country's tax codes and it's why I said talk to a local there as they should know more details.

[hugeblack]

But if the value is zero then it's the best country right now, better than paying 20% of our profits to government which doesn't do anything productive for the people from the tax money.

I don't think so, low taxes are a good reason but there are more important factors that force many to choose countries such as safety, availability of infrastructure, geographical location, other services provided by the state and finally taxes. Therefore, even if taxes were zero, El Salvador would not be the first choice, especially since the political decision may change with the change of the current political leadership.

[Stompix]

Also let's debate what is that fair tax rate for crypto, is it 10% or 24%, any number that should benefit the government's revenue but not be a pain for the investor?

The more important thing is what do you get in that country for your taxes?
Yeah, you can move to Salvador and have zero tax, but do you rally want to go there and live in what is a clearly undeveloped country, or would you rather pay more and live in a country like Denmark where Sweden where you know the state won't abandon you like a trashbag?

[Findingnemo]

...

That's right, I am more than willing to pay my taxes even if it's 25 to 30% but I expect the money to be utilised properly back to the tax payers, such as better healthcare, educational system, creating employment opportunities but what government does to the tax payers which is absolutely nothing. They take away money in the name of tax and use it where it helps the small scale people especially who are already rich.

[Lucius]

Some countries in the EU have a 0% tax on cryptocurrencies under certain conditions - Germany if 1+ years have passed since the date of purchase, Croatia if 2+ years have passed, I think I read that the Czech Republic will have the same rate for a period of 3+ years. I don't know what the situation is when it comes to Portugal, but there was a lot of talk about that country a few years ago, as well as Slovenia.

I think that any income tax up to 10% is somewhat fair if you live in a country that takes care of its citizens, which means that it provides free education, health care and a minimum wage that you can live on. If you don't get any of that from your country, then even 1% is too much.

[albon]

I don't really have any idea but I would like to say that it is an internal matter of my country that the use of crypto is not legal here, due to which there is no problem of tax. However, in all other matters there is a legal application of paying tax and even if you keep money in the bank here you have to pay tax. There are also many legal applications for the wealthy where there are strict laws on paying taxes on their wealth. Since I don't have the legality to use crypto here we use crypto while protecting privacy and I have some sites where I can convert directly to my country currency without any legal hassles.