21 Dec Bitcoin taxation in Andorra – taxation of cryptocurrencies
The historical maximum reached by the price of Bitcoin is trending topic the last days, and this leads its investors to consider what would be the taxation to which a capital gain coming from the sale of their positions in the cryptocurrency would be subject.
As we already mentioned in our post “The cryptocurrency: solutions in Andorra“, the Principality of Andorra is a good alternative for those investors in Bitcoin, or in cryptocurrencies in general, thanks to a very competitive tax system.
In this sense, Andorra still does not have a wealth tax, so the holding of cryptocurrencies is not recorded.
On the other hand, the capital gains coming from the sale of cryptocurrencies are subject to a maximum tax rate of 10%, whether the owner of the investment is a natural person or a company.
With a Bitcoin price at historical maximum, Andorra is an alternative to consider for those investors in cryptocurrencies who wish to be subject to a not very high, clear and stable taxation.
We are at your disposal to help you make a real and effective change of tax residence, so that you can make an orderly departure from your country of origin and an arrival in Andorra, complying with all the relevant obligations.