Bitcoin Forum

I only know of Denmark and Germany but only if you have held them for more than a year I believe.

Does anyone know of any others?

Germany for sure, my jurisdiction as well so love it ;)

Is it true that you just need to hold them for 1 year or is it longer?

Both Dominica and St Kitts (Island nations in the Caribbean) don't have any tax on profit (i.e Capital gains) from Bitcoin sales. This include both long-term and short-term capital gains. Also, if you receive Bitcoin as income, it is tax-free.

what about mining? also, would it be possible to mine in country A which taxes mining profits and later relocate to country B which doesn't, to cash out tax-free? looks to me like country A wouldn't like that, but how could they tell?

how do they know you mined bitcoins ?

if you use them and there is an audit, you have to explain where you got your wealth from. so i wondered is there any use of tax-free countries when you're not already living there at the time you make that money?

AFAIK Bitcoin is not taxable in Mauritius too.

no tax for bitcoins in Malaysia yet

As an EU citizen, I thought that my best option to minimize Bitcoin taxes if held for over one year, was moving to Bulgaria. They charge 10% as capital gains tax. Directly from the Bulgarian National Tax Office, in Bulgarian: http://www.nap.bg/news?id=1815 (http://www.nap.bg/news?id=1815)

Is it true and final that if I move to Germany I wouldn't pay any taxes for profits rendered on bitcoins if they were sold and held for over one year? I understand Germany does not charge capital gains tax in that case, but would they charge general income tax?

In Greece cryptocurrencies and Bitcoin have yet to be talked or mentioned in our parliament. There is no strict or popular law about e-currencies here so in no way one could say that it is illegal or should be taxed by law.

In fact, there are plenty of local community currencies here that are perfectly legal. Now that I think of it we should let them know about bitcoin.  ;D

In Spain there hasn't been any news related on bitcoin, and at least on my area of living, I and the friends to whom I talked about bitcoin, we are the few to know about that as far as I know, you can ask anyone from my village and most they can say is, is it related to computers?  ???

Aren't most tax laws related to property value, profits, or trades, regardless of the identity of the underlying property?

In the US, there are sales taxes administered by states and cities, though according to http://www.dailyfinance.com/2013/05/05/the-5-states-with-no-sales-tax/, there are five states with no sales tax, and I'm pretty sure a large number of cities have no sales tax.  Sales taxes apply to whatever one sells, bitcoin included, but sales tax enforcement is largely performed using the brick and mortar location where sales take place, meaning they aren't generally enforced against transient or occasional or sellers.

There are also excise taxes in the US (the US income tax), and they apply to income derived from the exercise of federal privilege, whether that income is in the form of USD or anything else.  There are lots of other kinds of taxes, but most are specific to particular kinds of property (alcohol, firearms, tobacco, etc.).  So, for the most part, the US has no enforced taxes that apply to bitcoins, except for those who exercise some kind of federal-government-granted privilege to sell them.

Unfortunately, most people in the US have been tricked into thinking they have to pay the income tax for simply exercising their right to earn a living.  You can check out the legal research and evidence of their error, and learn how to avoid it yourself at www.losthorizons.com (http://www.losthorizons.com)

Germany takes the view that it's a quasi commodity so holding periods greater than 1 yera mean no cap gains tax

But, is that the same as "Germany charges no tax whatsoever on Bitcoin profits for periods greater than one year"?

Yes, it is the same thing

I think basically any country that hasn't come out in the news and said "we are taxing bitcoin"  is still safe from the tax man for the time being.

As stands, it looks like most of the first world countries are taxing BTC, whereas 2nd and 3rd world countries can still get away with having to declare BTC

I'm quite sure nobody in the Italian government has ever heard of Bitcoins (or cryptocurrencies at all); for sure, nobody has either officially or unofficially said anything about them.

Profits from Bitcoin trading might be taxed as capital gains, but, this being Italy, nobody is ever quite sure what gets actually taxed, how and when...

Bitcoin is quite tough in China since the beginning of 2014```

I read that the Department of Taxation of Denmark stated that it will consider transactions with Bitcoin as a personal matter of citizens and won't tax results from such operations. At the same time, companies whose main activity is associated with cryptocurrencies will be taxed in the usual manner in accordance with the income and expenditure.
So I wouldn't say that Denmark is a country with no Bitcoin taxes

Coindesk maintain a handy list (http://www.coindesk.com/information/is-bitcoin-legal/) of the legal and tax status of Bitcoin in various countries (although you have to scroll half way down the page as the first half is just about the US).  There are still plenty of countries like New Zealand that don't appear to have set any official guidelines on tax, but even so, they'll probably still class any profits you make as taxable. Unless a country has explicitly stated that it's exempt from tax, it's safer to declare it than not if you've made any profits. 

Aside from Denmark and Germany, the only other one that seems to come close is Singapore.  Singapore doesn't tax it if you're using it as an asset, but does tax it if you use it like a currency.

I search on Google for the list of countries with no taxes on Bitcoin. It only showing legality of Bitcoin by countries. And also showing the link of this thread. So can anyone provide the list of countries with no Bitcoin taxes.

I would say that, for 2013 and possibly 2014, Denmark is tax-free. However, Denmark is a bit too risky for tax purposes in the future (and possibly in the present), since it is one of the highest taxed countries in the world.

Germany seems to be tax-free if your bitcoins are held for over one year, but some loopholes make the future and the present uncertain.

There are some other countries, such as United Arab Emirates and Barbados, with no capital gains tax, which could apply to bitcoins, but once again, uncertainty is looming there.

The best option (IMO, not sure here, either) for EU nationals is Bulgaria. 10% taxes on Bitcoin profits, no difference with other assets, officially published by Bulgarian National Revenue Agency (http://www.nap.bg/news?id=1815), lowest taxes in EU and  Double Taxation Treaties signed with several countries, i.e. no tax haven.

Once again, I insist, lots of uncertainty on these legal matters. Nothing is final and unexpected consequences may arise.

How would the government be able to tax you anyway?

As for the topic, I don't think the Netherlands has any specific taxes for Bitcoin, yet.

Philippines  :) it has no tax  ;D

Greetings to master coiner of all , I want to ask , I have cashout with the value 0.18794 MBTC . but after cashout is no description PENDING . how can I resolve this problem ? I participated in CoinAD . Do CoinAD SCAM ?

As far as i know Czech Republic and Slovakia doesn't have btc taxed.

In poland Bitcoin officially is not payment method or investment from legally point of view so you don't have to pay taxes too

i hear that in New York Cryptocurriency now is legal..  ::)

Oh great. I should be ok. I live in the USA. The most indebted country that has ever existed in history.   

people dont even know what bitcoin is here lol

hey how come there's a tax in your country?
i think we don't have tax in bitcoin here on philippines, just only fees

i have no fees, no tax, no exchanger, no dealer. am fucked up in Mauritius LOL

In terms of taxes its complicated to my knowledge, the legal status is still changing.
Assuming standard law tax is only applied if their are gains and at the time of conversion.
Oddly enough bitlegal must have been dead for a while but they used to keep good track of the changes, I guess wiki is now the best bet.
http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

The bitcoin wiki mentions the process for the USA but not much detail is given on other countries
https://en.bitcoin.it/wiki/Tax_compliance

Here in the Philippines, the government doesn't tax capital gains from bitcoins. Already cashed out almost $2500 worth of bitcoins to php without anything hindering me from doing so. Until bitcoin sees widespread adoption, sooner or later the government of the Philippines and other counties will soon enforce strict rules regarding the taxation of bitcoin.

Mexico has no Bitcoin Taxes, for now...

The Bank of Mexico has been open minded enough to explore how a country traditionally associated with corruption could become the most transparent and incorruptible country in the world using this technology while other countries, governments and banks are running in fear of their beliefs and jobs as the technology and innovation evolves.

That sounds interesting, how is their exploring going? Anywhere I can find more on this?

Germany yea.....some countries hav few tax while for some they hav heavy tax..depends

The more mainstream bitcoin becomes as currency the more state governments will seek to be sure they are getting paid for the state provided services.  If bitcoin is successful then you'll see the same things you see today with nation states affecting tax code that makes it more desirable to do business and provide economic prosper to their state/country.

australia brazil, all the africa(this is a good place to live if you want to deal with bitcoin only) and some country of the sud asia

if you can't reaslly go abroad, there numerous way to hide your income, or just stay below a certain amount, and you will not pay any tax(this is not a tax evasion...)

if you start trading with bitcoins in germany.then you need to pay taxs on the profit.
doesnt metter you hold these coins for more than 1year or not.

how about mining activity? and what if one cannot keep traces of all his trasncactions? because some come from pool others are lost because the exchange vanished with the money, and or sort of this proble?

not to mention the altcoin fest, it would be really a nightmare to declare anything

i new realize that denmark and germany has no taxes for bitcoin,that would be great, i wish so many countries with no bitcoin taxes to

India has no Bitcoin Taxes  ;)

but there is heavy restriction if i'm not mistaken and the legality of bitcoin is still in doubt there

they are still thinking that it can be used for illicit activity

RBI (Reserve Bank of India) play neutral role on Bitcoin activities in India. It doesn't ban bitcoin & also doesn't support it.

hmm... as far as I know Indonesia doesn't have bitcoin taxes because they are not make any policy against bitcoin. It means that they are using bitcoin as their own responsibility and goverment have nothing against bitcoin

Yes that's right, although Bank Indonesia do not recommend using bitcoin because the transaction not guaranteed, but not to banning bitcoin usage.


~iki

You can translate this thread https://bitcointalk.org/index.php?topic=1103012.0
there discusses the law and use Bitcoin in Indonesia

I know some like Malaysia, Germany and some other African countries.

Inland Revenue in New Zealand has said that they are currently working on policies/guidelines for taxing cryptocurrencies. It sounds like they will treat 'coins' like gold (taxing realized gains) as their idea is that you speculate on the coins value and the intention was to buy for the purpose of resale later. While this suggestion ignores people that hold bitcoin because they think it will be used akin to money I think that taxing it similar to gold makes sense as it is pretty much cyber-gold, a store of wealth in space. Tokens are what I think will require a considerable amount more consideration as there needs to be a lot of grey area. Some tokens offer dividends and are like shares, some offer voting rights on the platform and that is, and some are used to buy services from the issuer. It would be very surprising if all cryptos were taxed using the same method (especially as if you used your tokens and no 'sale for profit' took place no tax would fall due).

I think still more country use bitcoin but no need to pay tax. Because their country, the government not legalized bitcoin yet.
After the government legalized I sure the government will set the rules and need pay tax, and can increase the income for the country.

The most countries haven't yet applied the taxes on bitcoin, but over time I'm sure seems will be more countries will applying the taxes on bitcoin (from bitcoin incomes).

Haven't you heard about Belarus?

https://www.ccn.com/belarus-acknowledges-bitcoin-legal-currency-legalizes-icos/


So that is close as a paradise for every crypto loving individuals. Another country that I think don't tax bitcoin is Australia, they have legalized bitcoin last July 1 or 2, 2017. From where I lived, bitcoin as well is not tax as of yet. But I'm expecting that sooner our government will impose tax if we change our bitcoin to local fiat. And there are countries who still remain on neutral grounds so no tax as well. But I reckon that 2018 will be another year that bitcoin and crypto's will take off, so it's just a matter of time before a country will make their decision to accept or put regulations or a total ban like what Bangladesh and Indonesia did recently.

As far as i am aware, the IRD of NZ  has said they are still trying to decide what to do with it.  It has been suggested they are pondering treating crypto like "real assets" such as gold and silver, taxing on capital gains. Time will tell

Interesting article i just found for KIWIS / NZERS

https://www.interest.co.nz/personal-finance/91564/ird-says-people-should-consider-money-made-selling-cryptocurrencies-bought

Pakistan is also in the list of countries where there are no taxes on Bitcoin. I think the reason for this is that there aren't any rules implemented on Bitcoin or cryptocurrencies in Pakistan yet, so taxing something which is not even known by the total citizens of a country isn't logical at all. There is still a lot of time for Bitcoin to get spread all over the country, so we (Bitcoin owners) still have a lot of time to use it without any limitations.  ;)

Please can someone explain how people are taxed on bitcoin sales when it is not transferred to a government
controlled fiat banks.Transactions are always implemented digitally using decentralized block-chain technology.
So, how is a participant to be taxed?Does the government of these jurisdictions have access to monitor sellers
and buyers of bitcoin?

In Asian countries most of them are not implied taxes, maybe because bitcoin and other crypto currencies are not totally legal in that nation. However, I believe that someday bitcoin and other crypto currencies will become legal in all part of the world. Hopefully that crypto currencies in the whole world will become centralize in the digital world together with the local world.

can i get the list of countries plzz

There are still a lot of countries that are free from bitcoin or cryptocurrency taxes Singapore, Germany and Denmark. Denmark reportedly plans to pursue a cashless economy in the future and part of that plan is to fully use the cryptocurrencies.  Some countries reportedly have taken a tax-free stance on bitcoin and others are still unofficially tax-free like Switzerland, Hongkong and New Zealand.

Just thought I'd add this as I only found out recently, that for the Netherlands, Bitcoin is not considered a currency, just a medium of exchange. It (along with other cryptocurrency) itself is not taxed, much as you wouldn't tax anyone just for owning something that can be bartered. You can't even be charged VAT on them if you sell or trade them. Here's the official statement clarifying: http://curia.europa.eu/juris/document/document.jsf?text=&docid=170305&pageIndex=0&doclang=en&mode=req&dir=&occ=first&part=1&cid=604646

But if you earn Bitcoin, whether for providing a service or product, then you owe tax as calculated on income. So this would definitely include mining, trading for specific purpose of gains and this also means that getting a salary in Bitcoin doesn't exempt you from income tax.

I cannot find all these details online (not the second bit), but this comes from a former judiciary official turned tax consultant.

Now favorably buy Bitcoin?

There is the more informative thread on the same topic here. And the list of countries is wider indeed now.

In my opinion, the profit or money growth you get within a period of 1 year, it should be considered as short-term capital gain and if you hold it for more than 1 year, it should be considered as long-term capital gain.

There are few countries that 0% tax on their Bitcoin profit that if you just monitor and read the news you will know them. The latest progress is the Germany in which they just declared it last week then the others are Singapore, Denmark, Slovenia, Caveman Islands and Belarus. Some countries that did legalize Bitcoin but did not ban will also be considered earning Bitcoin profit without tax and my country is one of these.

The legal status of bitcoin varies greatly from country to country and is still undefined or changed in many countries. Although the majority of countries do not use bitcoin as illegal, their status as money varies, with different regulatory implications. While some countries explicitly allow their use and trade, others have banned or restricted it.

It is very fortunate for these countries that their Bitcoin earnings will be free of tax meaning their earnings still will be intact to spend specially for their daily needs. Other countries that 0% tax are Singapore, Belarus and Slovenia but there are still countries that free of tax because Bitcoin is not legal and not ban like Philippines in which it is very lucky for them as they will enjoy their Bitcoin profit without tax too.

Bitcoin is taxable in Canada but it all depends on how you use it.
Cashing it out into dollars will certainly get you in to the tax revenue microscope.
But it is not viewed as legal tender so buying precious metals with it is alright.

It is really nice to see some countries which are tax free for those who earn income from crypto currency. In our country income on such currency are being charged 30% on profits if earned and sold within first 3 years of purchase.

Slovania is a bitcoin tax haven for individual investors.

Dubai and UAE. They are tax heaven countries if you are really into business. They have no taxes at all so no taxes for bitcoin too. If you asking specifically countries which have no taxability as to its income then I would like to add Belarus to the list. Japan too doesn't has taxes on bitcoins gain I think but it does have taxes on the income you receive in btc.

Are you sure that in Dubai and UAE has no tax? well, it is good to invest their and put up your investment if that so, here in some Asians countries are not yet requiring their people to pay taxes with your earnings just like here in the Philippines while they are still at the process of studying it.

As far as I'm concerned, Greece has no taxes for buying bitcoin or receiving it as a means of payment or paying with it. VAT may apply when using it to buy goods though.

It might also be subject to capital gains too but it's not really enforced as there has never been legislation directly mentioning it and it's all up to interpretation.

Belarus is not taxed income from bitcoin but in this country there can be big problems with the exchange of bitcoins to Fiat. This country is under sanctions and many banks and exchanges refuse to work with the residents of this country. Always it is good there where we are not. But when you start to understand all aspects of taxation you realize that taxes are everywhere.

There are so many country that do not tax crypto currency related business activities. One of the country in particularly is Nigeria this is a country where Bitcoin and crypto currency in general are not accepted as a means payment for goods and services to the extent that the Nigeria Central bank Governor refer to Bitcoin as a ponzi scheme although he say so as a result of ignorance. And there are so many other countries Africa that do not tax crypto currency related business.

The Asian continent is a very large continent, and East Asian countries are looking more favorably towards Bitcoin. The most free policy is the south east asia. Most of the Central Asian countries have banned Bitcoin.

All countries do not charge taxes on sales of bitcoin. They take taxes from Fiat which you received upon the exchange of bitcoins. A lot of people don't see that as a difference, but it's important. In order not to pay taxes at all, you need to be able to use bitcoin as a currency for the purchase of goods. In regular stores it will not but in the store it's real.

as I know Malaysia, bitcoin is not recognized as legal tender, and Bank Negara Malaysia does not regulate bitcoin operations. The central bank has advised people to be cautious about the risks associated with the use of the digital currency. but there are still some people who use bitcoin because there is no tax there

Even here in our country which is Philippines we are not yet forced or obliged to pay taxes as our government has not yet making law regarding the tax to imposed on it but I know that time will come they are just seeing any sides and potential how much they will imposed on it.

That time would really come and I do somehow expecting it already where bitcoin and crypto owners would really be obliged to pay up taxes specially when PH government would see on how much money do goes in and comes out.We are talking millions on here since people in PH is actively involve into cryptocurrency investments and tradings which we would normally reach out those amounts without any problems.Taxation is somehow anticipated already not now but for sure it would come.

What about when you exchange it to fiat and withdraw large amount to your bank account? They probably ask you where did this money came from, please prove origin. When you say bitcoin trading, is that it or they charge you tax on profit in Malaysia

I can pull out large cash money from the dealer and not pay taxes on Bitcoin, but that amount will show up somewhere as my assets eventually and I will pay tax only there, which is not bad. But I think they will regulate this in next two years. They love taxes.

What if I told you that my country does not care whether or not we use, mine, exchange bitcoin. People can do whatever they want. But I still do not know if they can use bitcoin for illegal purposes on the dark net or purchase drugs or something related to that. Added to that statement, my country has never mentioned bitcoin. It is not even known in here. People are still not aware of the existence of this power. They are too blind to notice the true reality.

The fact that you and your friends don’t know much about bitcoin doesn’t mean that there isn’t legislation about it in Spain. You can learn here:
https://bitcointalk.org/index.php?topic=1935256.msg22332027#msg22332027

I think there are a lot of countries with no bitcoin taxes,because they just cann't control it or They do not care at this stage/they do not know about it.For example in my country,In Republic of Georgia there are no bitcoin taxes for people,But there are regulations(not strict,there works liberal approach for such issues) for legal entities.So you can easily find another countries in google,despite the fact you need to take into account every institutional regulations.But if you mean where are regulations about zero taxes I just remember America and Germany.

There are so many other countries don't tax crypto currency related business and earning and the reason is that they accepte Bitcoin and altcoins as a means payment for goods and services or as an investment.  Equally, crypto currency investment and earning can be tax only if your bank account is linked to your wallets.

Unfortunately, in my country, the government does not recognize bitcoin and other cryptocurrencies and they do not even know their positive value of the economy.

Furthermore, I see that there are few countries that have recognized Bitcoin (like, Germany, Japan..) with No taxes and may be because they cannot control the transaction of money and that's a big issue, also they are always looking for a solution to this problem and other ones, that's why the majority of countries cannot recognize the cryptocurrencies in general.

On the other hand, I do not think that the countries (especially the poorest ones) do not want to benefit from Bitcoin and their advantages in the economy. just they are afraid of the negative repercussions on society.

Georgia is really famous for its liberal approach to doing business. But I'm sure that if you change your bitcoins to gel or dollars you are required to pay tax. It seems to me that this situation in all countries without exception. Many people think that the lack of a legal framework for bitcoin exempts them from paying taxes but this is not the case.

Good thing for them, even here in some countries of Asia bitcoin has no taxes yet, they are still allowing us to use this as the burden of risk belongs to us, governments, but, still kept reminding us the risk associated in it so that if you are not a risk taker then you don't need to step in into it.

Puerto Rico should be paid attention to how they skillfully used their rights and opportunities and created an advanced country and new technologies.

I think tax should not be imposed on crypto holders. For that would be hard to regulate. They should instead put the tax on the exchanges of the country where you can buy crypto. But it would really be better to make it tax-free like in Germany. Denmark, Singapore. Especially if it is just an investment.

There is no tax on bitcoin here in my country. But the status of bitcoin here is not yet known. The government is not acknowledging bitcoin but they are not banning it as well.

There are so many countries free from bitcoin tax, i know some of the  ountries such as Malaysia, Denmark, India, phillipines, Germany, Japan. In these countries bitcoin is neither legal nor banned. So people are not forced to pay tax for bitcoin. If government announced tax for bitcoin it will change the economic growth of the country. Now so many countries accept bitcoin as legal so there will be a chance to implement tax in future.

That's not true. All countries you listed require people to at least pay tax over their crypto capital gains, and depending on the country there are more cases where you are subject to taxation.

Japan can be seen as the most friendly Bitcoin country in the world, but they are the worst when it comes to capital gains. If you are a high gainer and fit in the highest tax bracket, you will face a hefty 55% tax rate.

I don't know why people think Bitcoin being legal or not legal grants you the freedom to not pay tax. It doesn't work like that. If anyone has paid tax before it should be clear, so these people likely haven't paid any tax before.

In the Philippines earning Bitcoin has no tax because it is not declare illegal but not ban so the people are enjoying the Bitcoin earnings without tax and we will just hope that if Bitcoin will be regulate in the country it will be the same regulations in Japan, Germany and Denmark that it will be tax free so that the people will be more encourage to join the investments and help the economy of the country to be more strong and stable.

You may add Singapore, Belarus, Caveman Islands, Slovenia, and the Philippines. Bitcoins (and other cryptos) users pay 0% tax on Crypto Profits while withdrawing tax-free Bitcoin in the form of fiat currencies.

it is natural that the two countries use bitcoin in the absence of taxes because in that country bitcoin has not been legal so the government can not apply taxes for its citizens because the rumors circulating the two countries are just going to legalize and just want to make a rule about bitcoin because bitcoin considered beneficial to the country.

my opinion is that you should not get taxed when using bitcoins,since you are paying when converting with fiat money
fiat money have already been taxed allright,whever it is you when you buy or when you sell (the buyer has been taxed)
as for the tax free countries,the list is pretty huge:
1.Belarus
2.Germany
3.Singapore
4.Denmark
5.Slovenia

Now bitcoin is legalized by so many countries. I think most of the countries are not allowed people to pay tax for bitcoin. They just legalized the bitcoin and they didnt put any tax on bitcoin. I know some of the following countries have no tax for bitcoin. Countries such as Germany, Malaysia, Singapore, Mauritius, Denmark. These countries are legally accept bitcoin and they didnt allow people to pay tax for bitcoin.

I agree. I think Tax from crypto is another way to screw people over- it is just what government love to do- I mean all these people have to keep their salaries WELL above the inflation rate. Nonetheless, if you for example end up with money in your bank account from crypto trading deals when you file your tax return it does not matter much where the money came from you're required to declare it. So just be smart about your transaction in the end tax is already paid via the exchange system anyway.

Now most of the countries accepted bitcoin as legal, in that few countries allow people to use bitcoin with some limitations. Other countries allow people to use it without any rules. Likewise some countries only put tax for bitcoin. Few countries are tax free. Countries with no tax for bitcoins is Japan, Denmark, Malaysia, Singapore, Germany, Belarus, India and Philippines. These are the countries not announced any tax for bitcoin.

If I remember correctly, even in Belarus there is a variant of operations with the crypto currency without taxation.

Maldives will accept operations with the crypto currency without taxation.  Soon many countries will legalize crypto currency in their countries.

Indonesia is also included in the list, this country has a very large bitcoin users. even exceeding 500k users. but the state
does not provide detailed rules on the use of cryptocurrency, and no taxes have been applied to bitcoin users in that country..

I'm from the Philippines and I'm proud to say that I can enjoy all of my bitcoin earnings (all crypto as well) here without having tax deductions :). Our government didn't state any law concerning about crypto regulations so we can conclude that we can be able to use it freely without facing rule violations. Cryptocurrency is not illegal here and not legitimate as well ~ just in the middle but much more on the positive side.

Just to be clear, this doesn't mean that our government don't care about us (crypto holders) actually they do. They never fail to give us tips and a friendly warning on how risky this kind of business is.

.

Southest Asians. Honestly if you really have a lot of money, think about getting a new citizen in the future
It is worth it i think

What is the way forward in all this. how does the tax affect let say am holding 10k wort of bitcoin in one those country that have tax on crypto?

Yes you need to hold coins for minimum of 1 year, but also you need to live there for 6 months at least.

Also don't forget if you will sell huge amount of coins and make millions, the gov will ask you where you got your coins from. Bought or any other way, so this need to be taken seriously.

Im not sure but someone mentioned recently in another forum that they were from Portugal and they were able to cash out with 0% fee in there. It's hard to believe because a country of the European Union you would expect at least some taxes even if lower in some places than others.

What is interesting is knowing if you cash out in a low-taxes country, then you will be able to come back to your native country and buy real estate there? Or will they claim that you should have paid taxes in your country and you will get in trouble? And also forget about bank secrecy anymore. If you cash out in another country chances are your local country will find out eventually, specially if you buy real estate. My recommendation is to just pay your taxes, but try to keep track of your tradings and payments and put them into an excel file or something, if you can't prove the origin of funds you cant buy the nice house when BTC reaches $500,000! im already having problems keeping track of transactions, it's so difficult. I lost some trades in Cryptsy!

Due to bitcoin popularity many countries have acceted bitcoin as legal. some countries allowed their people to use bitcoin with some limitations. At the same time countries with no limitations for using bitcoin. Countries such as Malaysia, Singapore, Germany, Denmark and belarus allowed their people to use bitcoin without any limits that is tax. In these countries they didn't put any tax for their people for using bitcoin.

Now many countries accepted bitcoin as legal in their country, for that they didnt put any tax for bitcoin. Few countries only put some restrictions for their people to use bitcoin. Most of the countries allowed their people to use bitcoin without any rules and regulations. Countries without tax such as Denmark, Malaysia, Singapore, Mauritius, Germany, Belarus, India and recently Philippines is also added. Due to bitcoin growth many countries will soon added in this list.

All countries that have taken a crypto currency are taking taxes, but each has its own percentage.

But you need to be living in those I believe for some time. Like Germany for example, you need to be citizen for at least 6 months there. You can't just come and say I trade Bitcoin or any other crypto. You need to be registered with the government there.