8 Crypto Tax Haven Countries [UPDATED]

[pakhitheboss]

If you are living in any of these countries then you should go ahead and start a cryptocurrency business as you will pay zero tax for trading, holding, and on your earnings.

1. Iran
2. Portugal
3. Malaysia
4. Malta
5. Belarus
6. Germany
7. Switzerland
8. Philippines

I am only aware of the above nine if your country falls in this list then do comment or if you are in a country, where every transaction gets taxed. I am trying to compile a list.

UPDATE

Singapore is not a tax haven for cryptocurrency business it has a new tax law, about which you can read it here

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[Yaunfitda]

How can you forgot to include Malta?

- https://www.welcome-center-malta.com/cryptocurrency-taxes-in-malta-bitcoin-trading/

Belarus

- https://cryptocoin.news/news/altcoin/belarus-to-declare-cryptocurrency-activities-legal-and-tax-free-in-march-2018-5857/

Switzerland

- https://home.kpmg/xx/en/home/insights/2019/03/tnf-switzerland-tax-treatment-cryptocurrencies.html

Germany

- https://www.winheller.com/en/banking-finance-and-insurance-law/bitcoin-trading/bitcoin-and-tax.html

And I think there are more out there, as crypto is really growing on globally. Interesting to note as well that these countries wanted to attract crypto related businesses and could be call safe-haven.

[pakhitheboss]

How can you forgot to include Malta?

- https://www.welcome-center-malta.com/cryptocurrency-taxes-in-malta-bitcoin-trading/

Belarus

- https://cryptocoin.news/news/altcoin/belarus-to-declare-cryptocurrency-activities-legal-and-tax-free-in-march-2018-5857/

Switzerland

- https://home.kpmg/xx/en/home/insights/2019/03/tnf-switzerland-tax-treatment-cryptocurrencies.html

Germany

- https://www.winheller.com/en/banking-finance-and-insurance-law/bitcoin-trading/bitcoin-and-tax.html

And I think there are more out there, as crypto is really growing on globally. Interesting to note as well that these countries wanted to attract crypto related businesses and could be call safe-haven.

Thanks for reminding me about Malta. I will update the list. I knew I was missing a country , how can I forget Malta as Binance operates from there.

[imoet]

If you are living in any of these countries then you should go ahead and start a cryptocurrency business as you will pay zero tax for trading, holding and on your earnings.

1. Iran
2. Portugal
3. Malaysia
4. Singapore
5. Malta

I am only aware of the above five if your country does not charge you any tax on your crypto earnings then do leave your comments.

Buying tax is necessarry i think. Why we should happy if crypto is not related with tax in our country. Because if we aware about the important of tax we will hope that crypto will help our economy too. If they are not charge the crypto with tax un their country, maybe they are still not feel the influence.

[layoutph]

My employers are located in Singapore and they are paying my salary thru Bitcoins. Singapore is a wonderful place to live via crypto because their government is not taxing transaction via cryptocurrency!

[jossiel]

My employers are located in Singapore and they are paying my salary thru Bitcoins.

What is your work with them and how did you find your employers? Singapore is becoming a crypto haven and they are focusing in fintech for these years. That's why some crypto startups are located there because the policies are in favor of these companies.

Singapore is a wonderful place to live via crypto because their government is not taxing transaction via cryptocurrency!

Now, this makes crypto a good payment for them and also to you because you'll be receiving salary in full without any deduction.

[ragavancoin]

I am from India and I looking forward crypto business in India because few months ago Indian government removed the crypto ban and it will be helpful for our investments and set up with crypto business here I hope I am going to set up new business soon

[joshua123]

My employers are located in Singapore and they are paying my salary thru Bitcoins. Singapore is a wonderful place to live via crypto because their government is not taxing transaction via cryptocurrency!

Is this for real? Like actual bitcoin on your payslip? Maybe your work is not the type of a regular employee but an online job that only needs to be done at home.

If yours are paid via cryptocurrency this is very risky dont you think? Btc is stable and the chance that you got your earning lower than your previous is high due to btc fast movement. Is that okay with you? Maybe its good if your paid on usdt at least you can feel a stable income cause this is similar almost to usd work.

[LazerPanther]

If you are living in any of these countries then you should go ahead and start a cryptocurrency business as you will pay zero tax for trading, holding and on your earnings.

1. Iran
2. Portugal
3. Malaysia
4. Singapore
5. Malta
6. Belarus
7. Germany
8. Switzerland

I am only aware of the above eight if your country falls in this list then do comment or if you are in a country, where every transaction get taxed. I am trying to compile a list.

You did not mention the countries in Asia. As far as I know, there are a few countries in Asia that collect cryptocurrency tax like Korea, Japan, Thailand .. And there will certainly be more

[Strongkored]

My employers are located in Singapore and they are paying my salary thru Bitcoins. Singapore is a wonderful place to live via crypto because their government is not taxing transaction via cryptocurrency!

Is this for real? Like actual bitcoin on your payslip? Maybe your work is not the type of a regular employee but an online job that only needs to be done at home.

If yours are paid via cryptocurrency this is very risky dont you think? Btc is stable and the chance that you got your earning lower than your previous is high due to btc fast movement. Is that okay with you? Maybe its good if your paid on usdt at least you can feel a stable income cause this is similar almost to usd work.

Most people who receive payments for work are also fans of crypto so that they are more aware of the risk of impairment received due to crypto.

Countries that are tax free for crypto transactions because they see opportunities from the crypto business that might become a trend in the future, but I think tax exemption is temporary because one of the country's revenues is from taxes if the country sees an opportunity to earn income from crypto transactions then in the future there will be taxes for crypto.

Best country to start a business for a crypto is a country that also has good internet connections because one of the things that needs to be in the crypto business is an internet connection.

[saint_casanova]

If you are living in any of these countries then you should go ahead and start a cryptocurrency business as you will pay zero tax for trading, holding and on your earnings.

1. Iran
2. Portugal
3. Malaysia
4. Singapore
5. Malta
6. Belarus
7. Germany
8. Switzerland

I am only aware of the above eight if your country falls in this list then do comment or if you are in a country, where every transaction get taxed. I am trying to compile a list.

Singapore and Switzerland are easily the best out of that list. Iran honestly, you're gonna have a lot of other things to worry about other than crypto tax and such. The rest of the list is fine too but some countries have a very strict personal income tax so be careful of judging a book by its cover.

[Pumuckel21]

If you are living in any of these countries then you should go ahead and start a cryptocurrency business as you will pay zero tax for trading, holding and on your earnings.

1. Iran
2. Portugal
3. Malaysia
4. Singapore
5. Malta
6. Belarus
7. Germany
8. Switzerland

I am only aware of the above eight if your country falls in this list then do comment or if you are in a country, where every transaction get taxed. I am trying to compile a list.

So this is not all true in Germany, you have to pay your normal tax rate for all trading profits. The same goes for mining if you want to payout. BUT if you hold a coin for more than 1 year it is free from tax.

[Coin_trader]

You can add Philippines in your list and I believe most of the country in South East Asia has no tax in trading cryptocurrency. The volume of cryptocurrency trading in SEA is not that big compared to EU and US that's why government are not focus on placing tax on it. But doing crypto business here is not a good idea since you can't get  sufficient liquidity to sustain your business.

[sorrros]

Is there someone who knows how to exactly do that? We need to become a citizens of these countries? Or? Because in our country you have to pay 20% tax from cryptocurrencies, even you don´t have profit, just for exchanging them.

[pakhitheboss]

I am from India and I looking forward crypto business in India because few months ago Indian government removed the crypto ban and it will be helpful for our investments and set up with crypto business here I hope I am going to set up new business soon

India is not a tax haven for cryptocurrency business, if I am correct every earning from cryptocurrency falls under the respective tax bracket. I am not sure what is the percentage that is applicable as it is minimum 5 percent to a maximum 30 percent depending on your yearly earning.

Thanks @Coin_trader for helping me out with the list I have added Philippines.

[tbterryboy]

This list could be bigger than what we can anticipate. Because recently I have come across a topic which is talking about the recent changes in laws which are about impacting crypto currencies in numerous counties. Surprisingly many countries have gone for studying crypto currencies and by understanding the true potential, they have relaxed some of the restrictions which were put on cryptocurrencies earlier.

Not paying tax for crypto activities must be a less-significant factor in my opinion. Because, we first need lots of countries to allow and support crypto related business which will definitely lead our journey to moon. When crypto prove its applications then most countries will follow those heavenly counties for sure.

[Anish02]

I am from India and I looking forward crypto business in India because few months ago Indian government removed the crypto ban and it will be helpful for our investments and set up with crypto business here I hope I am going to set up new business soon

India is not a tax haven for cryptocurrency business, if I am correct every earning from cryptocurrency falls under the respective tax bracket. I am not sure what is the percentage that is applicable as it is minimum 5 percent to a maximum 30 percent depending on your yearly earning.

Thanks @Coin_trader for helping me out with the list I have added Philippines.

Yes, absolutely India would be not considered in the tax haven's list because the Indian government has recently given a green flag to cryptocurrency. As well they had implemented a tax eco system right after it's legalization. That's why a cryptocurrency exchange has to register and pay the tax. While trading you have to pay 18% GST, so I don't think India is a tax haven.

[qigong13]

My employers are located in Singapore and they are paying my salary thru Bitcoins. Singapore is a wonderful place to live via crypto because their government is not taxing transaction via cryptocurrency!

Are you sure? From my experience where I stay in Singapore for a few months and talk with a lot of Singaporeans, I don't think Singapore good for the tax thing. Because of the constraint in landmass, they have a lot of ridiculous tax on their citizens. I think they haven't found a proper way to tax on the new thing yet.

[pakhitheboss]

My employers are located in Singapore and they are paying my salary thru Bitcoins. Singapore is a wonderful place to live via crypto because their government is not taxing transaction via cryptocurrency!

Are you sure? From my experience where I stay in Singapore for a few months and talk with a lot of Singaporeans, I don't think Singapore good for the tax thing. Because of the constraint in landmass, they have a lot of ridiculous tax on their citizens. I think they haven't found a proper way to tax on the new thing yet.

You are right there is a new IRAS’ e tax guide that only considers Airdrops and Hard Forks as nontaxable income. I will be removing its name from the list.

You can read more about it here

Thanks for the update.