Which country collects the most capital gains in Asia?

According to the General Department of Taxation, based on the experience of other countries and the economic situation of Cambodia, the tax on capital gains is set at a rate of 20% on the profit achieved, but not 20% of the selling price.

If you look at other countries in the region and many neighboring countries, Cambodia also applies the tax on capital gains, and some countries set higher rates than Cambodia and some lower. Some Asian countries, such as the Republic of Korea, apply capital gains tax as high as 42 percent, Taiwan at 35 percent, Bangladesh at 30 percent and India at 30 percent, and China at 20 percent.

ASEAN countries include Thailand at 35 percent, the Philippines at 32 percent, Laos at 24 percent, Myanmar at 10 percent, Malaysia and Indonesia at 5 percent, and Vietnam at 0.1 percent.

For some countries, there is a tax-free policy on capital gains (at zero percent), such as Singapore, Hong Kong, and Pakistan. For the USA, the capital gains tax has been announced twice, initially scheduled for January 2021, but extended to 2022 and rescheduled to 2024.

According to the General Department of Taxation, there are six types of capital gains or assets that are subject to tax on capital gains: real estate, investment property, reputation, business, intellectual property, foreign currency, and leases.

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