The 7 countries in Europe that do not tax crypto winnings

In the world of cryptocurrencies, taxation is a major concern for investors. Regulations vary from country to country, ranging from no taxes at all to very high tax rates.

In this article, we will discover the six European countries where capital gains in cryptocurrencies are not taxed.

Countries without taxes on cryptocurrencies

Cryptocurrencies have revolutionized the financial world and offered new investment opportunities. However, these digital assets also pose new tax challenges. Although Europe has common regulation Mica Regarding general crypto industry laws, taxes and taxation differ greatly from country to country.

According to the data published by HelloSafe, while some countries have adopted strict tax regimes, others have chosen a more liberal approach, not taxing capital gains made in cryptocurrencies.

Some countries, such as France, do not impose taxes on capital gains if they are less than €305 but are subject to the flat tax of 30% beyond that, unless you choose the progressive scale of income tax. In the case of theSpain, beyond a capital gain of €6, investors will be subject to tax at 000%. In the case of Italy, capital gains exceeding €21 are subject to a tax of 2000%. :

Among the 27 countries of the European Union, seven (only) do not tax capital gains in cryptocurrencies. These countries are Malta, Cyprus, Greece, Slovenia, Estonia, Romania and Germany.

1/ Malta

Unsurprisingly, Malta ranks first in this ranking. It is one of the most cryptocurrency-friendly countries and has been for a long time. There is no tax on capital gains made in cryptocurrencies, making the island a popular destination for cryptocurrency investors.

2/ Cyprus

Like Malta, Cyprus does not tax capital gains in cryptocurrencies. This has attracted a number of companies and investors into the cryptocurrency space. There is even one of the few universities (Nicosia) that provides courses and training on blockchain. Cyprus has always wanted to be seen as an academic hub for blockchain.

3/ Germany

In Germany, the taxation of cryptocurrencies is a little more complex. Capital gains are not taxed if cryptocurrencies are held for more than one year. However, if they are sold within the year, the capital gains are then taxable. The country is, however, one in which many significant crypto companies are located.

4/ Greece

Greece is another country where capital gains in cryptocurrencies are not taxed. This can be an advantage for investors looking to maximize profits while living in a country with a pleasant climate.

5/ Slovenia

Slovenia is a country little known in Europe but which nevertheless remains a crypto-friendly country recognized by the community of cryptocurrency holders. In Slovenia, capital gains made in cryptocurrencies are not taxed. This has encouraged many investors to get involved in the cryptocurrency market.

6/ Estonia

Estonia is known for its progressive approach to technology and digital finance. It is indeed a country that is known for its highly developed digital practice and for its advantageous tax laws. Many fintech European companies are established in Estonia and it is not surprising that it does not tax capital gains in cryptocurrencies.

7/ Romania

Romania deserves its place among the European countries that do not tax cryptocurrencies because if capital gains do not exceed €120, then investors are subject to a 10% tax. This remains a relatively low tax compared to other European countries.

Which countries tax cryptocurrency winnings the most?

Apart from the six countries mentioned above, other European countries also have varied tax regimes when it comes to cryptocurrencies. For example, in France and Sweden capital gains in cryptocurrencies are subject to a flat tax of 30%, which is considered a relatively high tax. However, other countries, such as Denmark, Ireland and Belgium have much higher tax rates. Indeed, taxation in Denmark is between 37 and 52% depending on the profile and amounts to 30% and in Ireland, this can go up to 40%.

What are the criteria for choosing a country based on its cryptocurrency laws?

Before choosing a country to invest in cryptocurrencies, it is important to take into account several criteria:

1. The country's position on cryptocurrencies

Some countries are more welcoming than others when it comes to cryptocurrencies. It is important to understand a country's stance on cryptocurrencies before moving there.

2. Applicable taxation

Taxation is a key factor to take into account. It is absolutely necessary to anticipate Taxes that you will pay before moving to a new country.

3. Restrictions on exchange platforms

Some cryptocurrency exchanges may be restricted in certain countries. It is therefore important to check if you can access your favorite exchange platforms.

Final word

In conclusion, the taxation of cryptocurrencies varies widely from one country to another. For cryptocurrency investors, it is essential to understand these differences in order to maximize their profits. The six European countries mentioned in this article offer favorable taxation for cryptocurrency capital gains, making them potentially attractive destinations for cryptocurrency investors.

However, there are also other countries in the world with zero capital gains tax. The advantage for Europeans who wish to move is that they do not need to own a second passport to avoid taxes...

See also:

This is not investment advice. Always do your own research. Only invest amounts you are willing to lose.

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The 7 countries in Europe where capital gains in cryptocurrencies are not taxed