Post
Topic
Board Legal
Re: Countries with best BTC taxes & regulations for individuals (not companies)
by
darkangel11
on 09/11/2017, 17:40:39 UTC
With ever increasing BTC prices, where can BTC holders move to minimize taxes? I'm confused by many of the tax laws that I'm reading about. It seems like clear rules have yet to emerge in many countries. Some countries have a wealth tax, which means that you must sell a certain amount of your BTC every year, which is regrettable. I think one should try to avoid these countries at least. But other than that, it is only the capital gains tax that is relevant?

So, basically you want a country that doesn't tax your coins at all. Most countries don't. For instance in the whole European Union you aren't taxed for holding your coins, the tax obligation appears the moment you sell for fiat.
Next are countries with low income tax like Bulgaria with only 10% flat rate, or Qatar with 0% income tax. There are more similar countries where income tax is at 10% or less, which seems reasonable. I wouldn't mind paying that.
There are also countries where you can easily sell your coins due to some regulations. Like in Germany, where coins kept for more than a year are tax free. In GB it's also nice as there's a certain amount of money you can withdraw from your investment every year that is tax free.