In today's WH Insights video, Aleksandr Belugin,
Junior Associate at WH Partners talks about tax and NFTs. WH
Insights is a video series discussing key legal concepts, trending
legal topics, news and legal updates.
If you as a foreigner relocate to Malta and sell an NFT you
might not have to pay taxes.
Persons that relocate to Malta would be considered as resident
but not domiciled and will not be subject to tax on capital gains
arising outside of Malta. This is because Malta taxes non-domiciled
but resident individuals on a remittance basis. By
“remittance” we mean things like sending the money to a
Maltese bank account or buying things in Malta using proceeds from
foreign capital gains.