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Capital gains tax (CGT) rates
Headline rates for WWTS territories
The headline CGT rates are generally the highest statutory rates.
This table provides an overview only.
See the territory summaries for more detailed information.
| Territory | Headline corporate capital gains tax rate (%) | Headline individual capital gains tax rate (%) |
|---|---|---|
| Albania (Last reviewed 05 July 2024) | 15 | 15 |
| Algeria (Last reviewed 31 May 2024) | Capital gains are subject to the normal CIT rate. | Resident: 15; Non-residents: 20 |
| Angola (Last reviewed 18 December 2024) | Capital gains arising from the disposal of financial instruments: 10% | Generally, the Investment Income Tax for capital gains is 10%. |
| Argentina (Last reviewed 13 May 2024) | Capital gains are subject to the normal CIT rate. | 15 |
| Armenia (Last reviewed 17 July 2024) | Capital gains are subject to the normal CIT rate. | 10 or 20 (depending on the type of property and whether sold to a tax agent or individual) |
| Australia (Last reviewed 16 December 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Austria (Last reviewed 04 July 2024) | Capital gains are subject to the normal CIT rate. | 27.5 |
| Azerbaijan (Last reviewed 17 September 2024) | Capital gains are subject to the normal profit tax rate. | 25 |
| Bahrain (Last reviewed 20 March 2024) | NA | NA |
| Barbados (Last reviewed 28 August 2024) | NA | NA |
| Belgium (Last reviewed 28 August 2024) | Capital gains are subject to the normal CIT rate (except capital gains on shares under certain conditions). | In general, exempted (except in some specific cases) |
| Bermuda (Last reviewed 01 April 2024) | NA | NA |
| Bolivia (Last reviewed 17 September 2024) | Capital gains are subject to the normal CIT rate. | NA |
| Bosnia and Herzegovina (Last reviewed 23 August 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Botswana (Last reviewed 19 April 2024) | Capital gains are subject to the normal CIT rate. | 25 |
| Brazil (Last reviewed 29 October 2024) | Resident: 34 for legal entities (considered as part of regular income and subject to regular CIT rates); Non-resident: 15 to 22.5 (WHT); Non-resident in tax haven countries: 25 (WHT). |
22.5 |
| Bulgaria (Last reviewed 11 June 2024) | Capital gains are subject to the normal CIT rate. | 10 |
| Cabo Verde (Last reviewed 13 August 2024) | Capital gains are subject to the normal CIT rate. | Disposal of immovable property, intellectual property, shareholdings: 1; Gambling, lottery, betting, prizes awarded in sweepstakes, contests: 20 |
| Cambodia (Last reviewed 19 September 2024) | Capital gains are subject to the standard CIT rate. | 20 (being postponed until the end of 2025). |
| Cameroon, Republic of (Last reviewed 12 August 2024) | Capital gains are subject to the normal CIT rate. | Stocks and shares: 16.5; Real property: 30 |
| Canada (Last reviewed 21 June 2024) | Half of a capital gain (proposed to increase to two thirds for dispositions after 24 June 2024) constitutes a taxable capital gain, which is included in the corporation's income and taxed at ordinary rates. | Half of a capital gain (proposed to increase to two thirds for the portion of capital gains realised by individuals after 24 June 2024 that exceeds an annual CAD 250,000 threshold) constitutes a taxable capital gain, which is included in the individual's income and taxed at ordinary rates. |
| Cayman Islands (Last reviewed 29 November 2024) | NA | NA |
| Chad (Last reviewed 12 August 2024) | 20 | 20 |
| Chile (Last reviewed 17 July 2024) | Capital gains are subject to the normal FCT rate. | 40 |
| China, People's Republic of (Last reviewed 28 June 2024) | Capital gains are subject to the normal CIT rate. | 20 |
| Colombia (Last reviewed 22 July 2024) | 15 | If the assets were held for two or more years, the gain will be taxed as a capital gain at a 15% flat rate (recapture rules are applicable). If the assets were held for less than two years, the gain will be taxed as ordinary capital income (up to 39% for FY 2023). |
| Congo, Democratic Republic of the (Last reviewed 15 October 2024) | Capital gains are subject to the normal CIT rate. | NA |
| Congo, Republic of (Last reviewed 27 July 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Costa Rica (Last reviewed 04 September 2024) | 15 (2.25 under certain conditions) | 15 (2.25 under certain conditions) |
| Croatia (Last reviewed 28 June 2024) | Capital gains are subject to the normal CIT rate. | 12 |
| Cyprus (Last reviewed 17 December 2024) | 20 | 20 |
| Czech Republic (Last reviewed 01 July 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Denmark (Last reviewed 17 September 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Dominican Republic (Last reviewed 29 November 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Ecuador (Last reviewed 06 September 2024) | Capital gains generated by the transfer of equity rights (i.e. shares) are subject to a 10% income tax rate. | Capital gains generated by the transfer of equity rights (i.e. shares) are subject to a 10% income tax rate. |
| Egypt (Last reviewed 31 July 2024) | 0, 10, or 22.5 | 0, 10, or 27.5 |
| El Salvador (Last reviewed 20 September 2024) | 10 or 30 (see El Salvador's Corporate tax summary for more information). | 10 or 30 (see El Salvador's Individual tax summary for more information). |
| Equatorial Guinea (Last reviewed 07 May 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Estonia (Last reviewed 19 July 2024) | NA | Capital gains are subject to the normal PIT rate. |
| Eswatini (Last reviewed 15 August 2024) | NA | NA |
| Ethiopia (Last reviewed 14 August 2024) | Class A taxable assets relate to immovable assets, and the CGT rate is 15%. Class B taxable assets relate to shares and bonds, which attract CGT at the rate of 30%. | Class A taxable assets relate to immovable assets, and the CGT rate is 15%. Class B taxable assets relate to shares and bonds, which attract CGT at the rate of 30%. |
| Finland (Last reviewed 17 July 2024) | Capital gains are subject to the normal CIT rate. | 30 (and 34 on income exceeding EUR 30,000 annually). |
| France (Last reviewed 18 March 2024) | Capital gains are subject to the normal CIT rate. | 30, plus exceptional income tax for high earners at 4% |
| Gabon (Last reviewed 04 March 2024) | Capital gains are subject to a discharge levy at the rate of 20% due by the Gabonese company whose rights are transferred. | 20 |
| Georgia (Last reviewed 20 June 2024) | Capital gains are subject to the normal CIT rate. | General capital gain tax rate is 20%. Tax rate is reduced to 5% in case of supply of residential apartment and the land attached to it or a supply of a vehicle. |
| Germany (Last reviewed 27 June 2024) | Capital gains are subject to the normal corporation tax rate. | 25, plus 5.5% solidarity surcharge on tax paid (in total 26.375% plus church tax if applicable) |
| Ghana (Last reviewed 03 December 2024) | Capital gains are included as part of income and taxed at the applicable corporate income tax rate. | Capital gains are included as part of income and taxed at the individual’s marginal/graduated tax rate for residents (highest of 35%) and 25% for non-residents; or 25% (upon election and the gains are as a result of the realisation of investment assets). |
| Gibraltar (Last reviewed 25 September 2024) | NA | NA |
| Greece (Last reviewed 05 September 2024) | Capital gains are subject to the normal CIT rate unless the participation exemption is applicable. | 15 |
| Greenland (Last reviewed 02 December 2024) | 26.5 (i.e. 25% + 6% surcharge) | NA |
| Guatemala (Last reviewed 12 December 2024) | 10 | 10 |
| Guernsey, Channel Islands (Last reviewed 18 December 2024) | NA | NA |
| Guyana (Last reviewed 14 October 2024) | 20 | 20 |
| Honduras (Last reviewed 18 July 2024) | 10 | 10 |
| Hong Kong SAR (Last reviewed 28 June 2024) | NA | NA |
| Hungary (Last reviewed 15 July 2024) | Capital gains are subject to the normal CIT rate (9%); however, the participation exemption regime may apply. | Capital gains are subject to the normal PIT rate (15%). If certain conditions are not met, an additional 15.5% social tax is also payable. |
| Iceland (Last reviewed 05 September 2024) | Capital gains are subject to the normal CIT rate. | 22 |
| India (Last reviewed 17 December 2024) | For transfer of securities on or after 23 July 2024: 12.5% (plus applicable surcharge and cess) for long-term gains; 20%/35% (plus applicable surcharge and cess) for short-term gains (may be exempt under Double Taxation Avoidance Agreement). Please refer to Capital gains in the Income determination section for more details and rates for transfers before 23 July 2024. |
For transfer of securities on or after 23 July 2024: 12.5% (plus applicable surcharge and cess) for long-term gains in excess of INR 125,000; 20% for short-term gains (if securities transaction tax paid on sale of equity shares/ units of equity oriented funds/ units of business trust) or tax rates otherwise applicable (on sale of any other asset). Please refer to Capital gains taxes in the Other taxes section for more details and rates for transfers before 23 July 2024. |
| Indonesia (Last reviewed 23 December 2024) | Capital gains are subject to the normal CIT rate, except for certain tax objects subject to final income tax (see the Withholding taxes section). | Capital gains are subject to the normal PIT rate, except for certain tax objects subject to final income tax (see the Individual tax summary). |
| Iraq (Last reviewed 18 July 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Ireland (Last reviewed 17 July 2024) | 33 | 33 |
| Isle of Man (Last reviewed 30 July 2024) | NA | NA |
| Israel (Last reviewed 17 September 2024) | Capital gains are subject to the normal CIT rate. | 25 |
| Italy (Last reviewed 12 July 2024) | Capital gains are subject to the normal CIT rate. For financial investments, the PEX regime at 95% exemption may be applied, provided that the conditions set by the law are met. | Capital gains are subject to separate taxation at 26% (normal PIT rate applies in certain instances). |
| Ivory Coast (Côte d'Ivoire) (Last reviewed 20 November 2024) | Capital gains are subject to the normal CIT rate. | NA |
| Jamaica (Last reviewed 02 August 2024) | No capital gain tax regime. Transfer tax at 2% on transfers of Jamaican real estate and securities. | No capital gain tax regime. Transfer tax at 2% on transfers of Jamaican real estate and securities. |
| Japan (Last reviewed 09 July 2024) | Capital gains are subject to the normal CIT rate. | Gains arising from sale of stock are taxed at a total rate of 20.315% (15.315% for national tax purposes and 5% local tax). Gains arising from sale real property are taxed at a total rate of up to 39.63% (30.63% for national tax purposes and 9% local tax) depending on various factors. |
| Jersey, Channel Islands (Last reviewed 22 July 2024) | NA | NA |
| Jordan (Last reviewed 03 June 2024) | 20 | 30 |
| Kazakhstan (Last reviewed 02 December 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to income tax at the rate of 15%. |
| Kenya (Last reviewed 11 July 2024) | 15 | 15 |
| Korea, Republic of (Last reviewed 13 June 2024) | 24 (same as the normal CIT rates). | 45 for registered business-purpose real property held for two years or more (varying depending on the type of asset, holding period, etc.). |
| Kosovo (Last reviewed 22 January 2024) | Capital gains are subject to the normal CIT rate (10%). | Capital gains are subject to the normal PIT rate (10%). |
| Kuwait (Last reviewed 14 August 2024) | Capital gains are subject to the normal CIT rate. | NA |
| Kyrgyzstan (Last reviewed 25 July 2024) | Capital gains are subject to the normal profit tax rate (10%). | Capital gains are subject to the normal PIT rate (10%). |
| Lao PDR (Last reviewed 20 August 2024) | 2% for sale price for share capital, use of right. The exemption is for capital gain from sale stock in Lao Securities Exchange. | 2% for sale price for share capital. The exemption is for capital gain from sale stock in Lao Securities Exchange. |
| Latvia (Last reviewed 01 July 2024) | Capital gains are subject to the normal CIT rate. | 20 |
| Lebanon (Last reviewed 19 July 2024) | 15 | 15 |
| Libya (Last reviewed 01 December 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Liechtenstein (Last reviewed 09 June 2024) | Capital gains derived from the sale of shares are tax-exempt. Capital gains from the sale of real estate are subject to a separately assessed real estate profit tax of up to 24%. | Capital gains derived from the sale of shares are tax-exempt. Capital gains from the sale of real estate are subject to a separately assessed real estate profit tax of up to 24%. |
| Lithuania (Last reviewed 08 August 2024) | Capital gains are subject to the normal CIT rate. | 20 |
| Luxembourg (Last reviewed 22 August 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Macau SAR (Last reviewed 18 December 2024) | Capital gains are subject to the normal complementary tax rate. | NA |
| Madagascar (Last reviewed 17 September 2024) | 20 | 20 |
| Malawi (Last reviewed 17 September 2024) | Capital gains are subject to the normal corporate rate. | Capital gains are subject to the normal PIT rate. |
| Malaysia (Last reviewed 13 December 2024) | Generally, gains on capital assets are not subject to tax, except for gains arising from the disposal of real property situated in Malaysia, which is subject to RPGT (up to 30%). Gains from disposal of unlisted shares by companies, limited liability partnerships, trust bodies, and co-operatives (CLTC) is subject to CGT at 10%, and gains from disposal of foreign capital assets by CLTCs, remitted into Malaysia, are subject to tax at the prevailing income tax rate. | Generally, gains on capital assets are not subject to tax, except for gains arising from the disposal of real property situated in Malaysia, which is subject to RPGT (up to 30%). |
| Malta (Last reviewed 24 September 2024) | See Malta's corporate tax summary for tax rates on capital gains. | See Malta's individual tax summary for tax rates on capital gains. |
| Mauritania (Last reviewed 18 July 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Mauritius (Last reviewed 16 December 2024) | NA | NA |
| Mexico (Last reviewed 26 July 2024) | 30% for a Mexican resident, accrued as regular taxable income. 25% on the gross proceeds, or 35% on the net gain, for non-residents. |
See the Mexico individual tax summary for capital gain rates. |
| Moldova (Last reviewed 09 July 2024) | Capital gains are subject to the standard CIT rate. | Capital gains are subject to the normal PIT rate (taxable gain basis represent 50% from the capital gain). |
| Mongolia (Last reviewed 24 July 2024) | See Mongolia's corporate tax summary for capital gain rates. | See Mongolia's individual tax summary for capital gain rates. |
| Montenegro (Last reviewed 12 June 2024) | Capital gains are subject to the normal CIT rate. | 15 |
| Morocco (Last reviewed 26 July 2024) | Capital gains are subject to the normal CIT rate. | 20 |
| Mozambique (Last reviewed 13 August 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Myanmar (Last reviewed 19 July 2024) | 10% for non-oil and gas sector; 40% to 50% for oil and gas sector |
10 |
| Namibia, Republic of (Last reviewed 17 December 2024) | NA | NA |
| Netherlands (Last reviewed 28 November 2024) | Capital gains are subject to the normal CIT rate (25.8%). Capital gains on qualifying participations are tax exempt under the participation exemption. | NA |
| New Caledonia (Last reviewed 16 April 2024) | The net amount of long-term capital gains is taxed at a 15% CIT rate, with the exception of capital gains from the sale of building land and similar assets (as well as securities of companies whose assets are mainly constituted by this type of assets), the amount of which is taxed at a 25% CIT rate. | Capital gains derived by individuals are generally not taxable. However, the New Caledonian government has recently implemented a taxation on capital gain deriving from real properties. The tax on private real estate capital gains (PVI) is 20% of the amount of the capital gain, to which must be added 4% of the CCS, or 24% in total. |
| New Zealand (Last reviewed 20 December 2024) | New Zealand does not have a comprehensive capital gains tax. However, capital gains derived by a company will generally be taxed as dividends on distribution to shareholders, subject to certain exceptions. | New Zealand does not have a comprehensive capital gains tax. |
| Nicaragua (Last reviewed 19 December 2024) | 15 | 15 |
| Nigeria (Last reviewed 16 September 2024) | 10 | 10 |
| North Macedonia (Last reviewed 19 July 2024) | Capital gains are part of the regular profit for the year, thus subject to the normal CIT rate. | Capital gains are subject to the flat PIT rate at 10%. See the Income determination section. |
| Norway (Last reviewed 01 July 2024) | 22 | 37.84 |
| Oman (Last reviewed 11 July 2024) | Gains on sales of securities listed on the Muscat Securities Market are exempt from taxation. Gains on transfers of other assets are taxable as ordinary income. | NA |
| Pakistan (Last reviewed 18 December 2024) | See Pakistan's corporate tax summary for capital gain rates. | See Pakistan's individual tax summary for capital gain rates. |
| Palestinian territories (Last reviewed 23 July 2024) | Income tax is imposed on capital gains. | Income tax is imposed on capital gains. |
| Panama (Last reviewed 26 July 2024) | See Panama's corporate tax summary for capital gain rates. | See Panama's individual tax summary for capital gain rates. |
| Papua New Guinea (Last reviewed 13 August 2024) | PNG does not currently tax capital gains. | PNG does not currently tax capital gains. |
| Paraguay (Last reviewed 31 May 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Peru (Last reviewed 24 July 2024) | Capital gains are subject to the normal CIT rate. | 5 |
| Philippines (Last reviewed 01 August 2024) | See the Philippines corporate tax summary for capital gain rates. | See the Philippines individual tax summary for capital gain rates. |
| Poland (Last reviewed 22 July 2024) | Capital gains are subject to the normal CIT rate. | Transfer of real property: Subject to the normal PIT rate. Transfer of shares: 19. |
| Portugal (Last reviewed 21 July 2024) | See Portugal's corporate tax summary for capital gain rates. | See Portugal's individual tax summary for capital gain rates. |
| Puerto Rico (Last reviewed 10 November 2023) | 20 | 15. 25 for non-resident foreign nationals |
| Qatar (Last reviewed 03 April 2024) | Same as CIT rate. | NA |
| Romania (Last reviewed 25 April 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. There are also exceptions from the standard rule. |
| Rwanda (Last reviewed 20 July 2024) | 5 | 5 |
| Saint Lucia (Last reviewed 28 August 2024) | NA | NA |
| Saudi Arabia (Last reviewed 21 July 2024) | Capital gains are subject to the normal income tax rate applicable to the taxpayer. Non-resident capital gains tax rate is 20%. | NA |
| Senegal (Last reviewed 19 July 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Serbia (Last reviewed 12 June 2024) | 15 | 15 |
| Singapore (Last reviewed 30 May 2024) | NA | NA |
| Slovak Republic (Last reviewed 16 October 2024) | Capital gains are subject to the normal CIT rate. | 19 |
| Slovenia (Last reviewed 12 July 2024) | Capital gains are subject to the normal CIT rate (19%). | 25 |
| South Africa (Last reviewed 11 December 2024) | 21.6 | 18 |
| Spain (Last reviewed 30 June 2024) | Capital gains are subject to the normal CIT rate. | Residents: 28; Non-residents: Capital gains generated as a result of a transfer of assets are taxed at 19%. |
| Sweden (Last reviewed 06 September 2024) | See Sweden's corporate tax summary for capital gain rates. | 30 |
| Switzerland (Last reviewed 28 June 2024) | The effective tax rate (ETR) depends on the company’s location of corporate residency in Switzerland. The ETR of a company resident at the capital cities of the Swiss cantons varies between 11.9% and 21.0%. Exceptions to be considered relate to the participation relief and capital gains on real estate. | Movable assets: Exempt. Non-movable assets: Exempt for federal tax, and cantonal tax rate varies per canton. |
| Taiwan (Last reviewed 19 August 2024) | Capital gains are subject to the normal CIT rate, except for marketable securities and real properties. | Capital gains are subject to the normal PIT rate, except for securities and real properties. |
| Tajikistan (Last reviewed 12 June 2024) | Resident: Capital gains are subject to the normal CIT rate (18% or 13% for entities producing goods or 20% for the activities of financial institutions and mobile companies); Non-resident: Capital gains are treated as other income subject to 15% rate. |
Resident: 15 (exempt for certain property if established requirements are met); Non-resident: 15 |
| Tanzania (Last reviewed 26 September 2024) | Capital gains are subject to the normal CIT rate. | Residents: 10/3 (the 3% rate is applicable on sale of land or building where no records of costs are available, and it is charged on consideration); Non-residents: 30; Sale of mineral or petroleum rights: 30 |
| Thailand (Last reviewed 16 October 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Timor-Leste (Last reviewed 23 July 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Trinidad and Tobago (Last reviewed 17 September 2024) | NA | NA |
| Tunisia (Last reviewed 13 December 2024) | Capital gains are subject to the normal CIT rate. | See Tunisia's individual tax summary for capital gain rates. |
| Turkey (Last reviewed 02 May 2024) | Capital gains are subject to the normal CIT rate. | 40 |
| Turkmenistan (Last reviewed 02 July 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Uganda (Last reviewed 20 September 2024) | Capital gains are subject to the normal CIT rate. | 40 |
| Ukraine (Last reviewed 28 June 2024) | Capital gains are subject to the standard CIT rate of 18%. | Taxable as ordinary income. |
| United Arab Emirates (Last reviewed 24 July 2024) | Same as UAE CT rates, where participation exemption is not available. | NA |
| United Kingdom (Last reviewed 08 July 2024) | Capital gains are subject to the normal corporation tax rate. | See the United Kingdom's individual tax summary for capital gain rates. |
| United States (Last reviewed 13 August 2024) | 21 | 20 |
| Uruguay (Last reviewed 02 September 2024) | Capital gains are subject to CIT, taxed at 25% (there is no corporate capital gains tax in Uruguay). | There is no individual capital gains tax in Uruguay. Capital gains are subject to IRPF or IRNR, taxed at 12% (with some exceptions). |
| Uzbekistan, Republic of (Last reviewed 08 August 2024) | Residents: Capital gains are subject to the normal CIT rate; Non-residents: 20 |
Residents: Capital gains are subject to the normal PIT rate; Non-residents: 12 |
| Venezuela (Last reviewed 29 June 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Vietnam (Last reviewed 22 August 2024) | See Vietnam's Corporate tax summary for capital gains tax. | See Vietnam's Individual tax summary for capital gains tax. |
| Zambia (Last reviewed 17 May 2024) | NA | NA |
| Zimbabwe (Last reviewed 20 November 2024) | 20 | 20 |