Crypto Taxes for Non-Resident Investors and Expats

1. Definition and Recognition of Crypto Assets

• Asset Classification: Most countries classify cryptocurrencies as property or capital assets. This classification means any gains from the sale or exchange of cryptocurrencies are treated as capital gains, which are subject to capital gains tax.

2. Tax Implications for Non-Residents

• Liability by Jurisdiction: Non-resident investors are typically taxed on income sourced from within a country. For crypto, this can mean that any gains derived from a crypto exchange or platform based in a particular country could be taxable there.