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ARTICLE · 11 AUGUST 2022

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WH Insights: Tax And NFTs (Video)

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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.

MaltaTax

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.

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