"By 2025, the Number of Tax-Free Cryptocurrency Countries in Europe is Expected to Decrease"
Summary
- It is reported that the number of tax-free countries for cryptocurrencies in Europe is gradually decreasing.
- Portugal applies a tax rate of 28% on short-term cryptocurrency gains, and Malta does not tax companies.
- Germany does not tax individual investors on cryptocurrencies held for more than a year.
It is reported that the number of tax-free cryptocurrency countries in Europe is expected to decrease this year.
On the 25th, the cryptocurrency specialized media Cointelegraph reported, "The number of tax-free cryptocurrency countries in Europe is gradually decreasing this year."
According to the media, Portugal currently taxes short-term cryptocurrency gains at a rate of 28%, while long-term holdings are exempt from taxes. Malta imposes income tax on cryptocurrency gains but does not tax companies. Germany does not tax individual investors who sell cryptocurrencies after holding them for more than a year. Andorra applies a maximum tax rate of 10% on cryptocurrency gains.
Additionally, Monaco does not impose income tax on cryptocurrency gains. Switzerland imposes low tax rates in some cantons. Estonia taxes individual investors on cryptocurrency gains. Romania imposes a flat tax rate of 10% on cryptocurrency gains. In Slovenia, whether cryptocurrency investments are taxed depends on whether they are considered a hobby or a business.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![Despite Trump’s pledge to ‘cut’… “U.S. debt ratio set to hit post-WWII high” [Lee Sang-eun’s Washington Now]](https://media.bloomingbit.io/PROD/news/8c7809d5-0bc5-4094-8563-4dbd8393af0f.webp?w=250)
![Selling pressure despite a 'surprise jobs report'… the three major indexes end slightly lower [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/71d04eea-1cc0-4ced-a1e2-c695c8d95cac.webp?w=250)
