Is bitcoin taxed in Taiwan?

The United Arab Emirates (U.A.E.) presents an even more attractive tax landscape for crypto investors. The country offers a comprehensive zero-tax policy, making it a haven for those seeking to maximize their returns without the burden of taxation.

Taiwan stands out as another nation that does not levy capital gains tax on cryptocurrency profits. This policy provides a favorable environment for investors seeking to capitalize on the volatile yet potentially lucrative world of digital assets.

The island nation offers an additional incentive to crypto enthusiasts, granting a substantial tax-free allowance of NT$6.7 million per year. This allowance allows individuals to enjoy significant financial freedom without fear of heavy taxation.

For overseas income, Taiwan maintains a flat tax rate of 20%. This rate applies to various sources of income, including those derived from cryptocurrency transactions.

Like the Bahamas mentioned earlier, the U.A.E.'s zero-tax policy extends to cryptocurrency gains. This means that investors in the region can enjoy the full benefits of their crypto investments without having to pay any taxes on their profits.