Crypto is getting more popular each day, with exchanges opening their doors to customers from around the world. I'm aware that there are a few places with zero capital gains tax on crypto (eg: El Salvador and Puerto Rico).
Your topic title is a bit strange. Most bitcoiners would ask about countries with the lowest capital gains tax for bitcoin. In fact, it would be good to create a separate topic with taxes on bitcoin in different countries in the form of a spreadsheet and keep it up to date, which would be useful for the entire BTC-community.I don't think you'll want to go to El Salvador and Puerto Rico just to reduce tax expenses. Or are you ready?
Also, if you don't withdraw bitcoin to fiat, then you don't need to pay any capital gains tax (they haven't introduced a tax on owning bitcoin yet), which means it's most profitable to use bitcoin as a means of payment.
[quote author=Abiky link=topic=5552433.msg65647861#msg65647861 date=1754101298
But I'm curious to know which countries have the highest taxes? And do you think there's a chance they will lower them in the future?
Your input would be greatly appreciated. Thank you very much.
[/quote]
I don't think taxes will be lowered in the future, because such high taxes are introduced in order to "protect citizens from the harmful influence of bitcoin".
Simply put, so that they don’t invest their money in this asset, but rather invest in the traditional way, which is beneficial to the state.And in general, have you ever seen taxes tend to decrease? It seems to me that everything is happening just the opposite.