Flat rate
0.0%
Duration
—
Prior non-residency
—
required before applying
Standard top income tax
30.0%
El Salvador, without the regime
Overview
- Regime
- Bitcoin Legal Tender Status
- Country
- El Salvador
- Type
- Exemption
- Status
- Active
- Effective from
- Sep 7, 2021
- Expires on
- —
Details
- Summary
- Bitcoin is legal tender in El Salvador since September 2021. Bitcoin transactions are exempt from capital gains tax.
- Eligibility
- All individuals and businesses transacting in Bitcoin in El Salvador.
- Benefits
- 0% capital gains tax on Bitcoin transactions. Permanent residency available for Bitcoin investors (3 BTC investment).
- Requirements
- Transactions must be in Bitcoin. Standard reporting requirements may still apply.
- Limitations
- Volatility risk. Adoption varies. Other crypto assets may not have same treatment. IMF pressure to modify.
- Income types covered
- Capital gains from Bitcoin transactions.
- Duration details
- Permanent (by law).
View source PwC Worldwide Tax Summaries