[dtube] Best Countries for Cryptocurrency Investors (0% Tax!)

in cryptocurrency •  7 years ago  (edited)


In today's video, I'm gonna sharing a list of some of the best countries in the world out there for cryptocurrency investors. In some cases, there are 0% capital gains tax rates!

Link to article: https://coinsutra.com/tax-free-bitcoin-countries/

DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.


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Never thought about Germany as one of them... thanks for sharing!

This is an interesting video, Germany 🇩🇪 is one of the tax haven bitcoin country they considered it as private money this is an incentive for the investors in this county. Denmark 🇩🇰 is also classified as one of the cryptos friendly in the world. So if you are in these countries aforementioned you can bypass capital gain of Bitcoin/cryptos
@louisthomas thank you for sharing this amazing video, is informative.

Source

In Germany, Bitcoin and other cryptos are not considered as a commodity, a stock, or any kind of currency. Instead, these things are considered as private money in a way that’s similar to foreign currency.

Trading bitcoins/altcoins are considered as a private sale under the rule 23 EStG which has tax-free benefits.

According to this rule, it means anyone trading bitcoins/altcoins is totally tax exempted if their capital gains are not more than 600 EUR. Also, if a trader is selling his/her Bitcoin/altcoins after a period of one year or more, then those capital gains are also totally tax exempt.

hopefully the USA will treat cyrpto like currency instead of property, so we will not have to pay capital gains

Switzerland wants to be considered the crypto nation.

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DTUBE model is flawed. They take 25% of your payout. Crypto solutions like Theta which pay people to help stream content via their broadband internet connections is likely the future.

That's great to know!! Thank you for your sharing!

  ·  7 years ago Reveal Comment

I think short-term this list likely to grow because governments want to encourage crypto use in their countries to stay ahead of competition and promote innovation. Long-term though, governments will most definitely tax crypto just like fiat currencies they do now for obvious reasons.

Good video! Sadly my country not included with with no taxes or very low.

Thank you for the information my friend. And may I please ask where does India stand on the list ?

You just gained yourself a new follower, my friend.

Here, read this: http://business.financialpost.com/personal-finance/taxing-issues-in-quebec

And add Quebec to your list of worst tax rates. Capital gain will increase to having 75% of them taxed, and a bunch of mumbo jumbo about it. Income tax is so complicated now with our crypto earnings, and if we miss anything, we get audited and fined. Yay.

Anybody have any knowledge on tax situation in Portugal? I believe the government met back in January and determined that crytpocurrency trading is not considered taxable.

  ·  7 years ago (edited)

So nice and valuable video.. THANKS For this! This info is quite a rare and hard to find out about. Upvoted and Resteemed. Btw how easy do u think it is for someone to withdrawl BTC in Singapore, does he need to be the citizen of the country to do it?