Quick Charts

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 Corporate capital gains tax rate (%) Individual capital gains tax rate (%)
Albania (Last reviewed 22 June 2020) 15 15
Algeria (Last reviewed 01 June 2020) Capital gains are subject to the normal CIT rate. Resident: 15;
Non-residents: 20
Angola (Last reviewed 07 July 2020) Capital gains arising from the disposal of financial instruments: 10% Generally, the Investment Income Tax for capital gains is 10%.
Argentina (Last reviewed 18 June 2020) Capital gains are subject to the normal CIT rate. 15
Armenia (Last reviewed 13 July 2020) 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 03 July 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Austria (Last reviewed 30 June 2020) Capital gains are subject to the normal CIT rate. 27.5
Azerbaijan (Last reviewed 01 July 2020) Capital gains are subject to the normal profit tax rate. 25
Bahrain (Last reviewed 08 January 2020) NA NA
Barbados (Last reviewed 16 December 2019) NA NA
Belarus (Last reviewed 15 June 2020) Resident: 18;
Non-resident: 12
Capital gains are subject to the normal PIT rate.
Belgium (Last reviewed 07 July 2020) 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 06 August 2020) NA NA
Bolivia (Last reviewed 02 July 2020) Capital gains are subject to the normal CIT rate. NA
Bosnia and Herzegovina (Last reviewed 13 February 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Botswana (Last reviewed 31 July 2020) Capital gains are subject to the normal CIT rate. 25
Brazil (Last reviewed 07 January 2020) 34% for legal entities (considered as part of regular income and subject to regular CIT rates). 22.5
Bulgaria (Last reviewed 30 July 2020) Capital gains are subject to the normal CIT rate. 10
Cabo Verde (Last reviewed 08 July 2020) 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 30 July 2020) Capital gains are subject to the normal CIT rate. NP
Cameroon, Republic of (Last reviewed 31 July 2020) Capital gains are subject to the normal CIT rate. Stocks and shares: 16.5;
Real property: 30
Canada (Last reviewed 17 June 2020) Half of a capital gain constitutes a taxable capital gain, which is included in the corporation's income and taxed at ordinary rates. Half of a capital gain constitutes a taxable capital gain, which is included in the individual's income and taxed at ordinary rates.
Cayman Islands (Last reviewed 07 July 2020) NA NA
Chad (Last reviewed 04 February 2020) 20 20
Chile (Last reviewed 02 June 2020) Capital gains are subject to the normal FCT rate. 40
China, People's Republic of (Last reviewed 30 June 2020) Capital gains are subject to the normal CIT rate. 20
Colombia (Last reviewed 07 July 2020) 10 If the assets were held for two or more years, the gain will be taxed as a capital gain at a 10% flat rate.
If the assets were held for less than two years, the gain will be taxed as ordinary capital income (39% max rate).
Congo, Democratic Republic of the (Last reviewed 29 January 2020) Capital gains are subject to the normal CIT rate. NA
Congo, Republic of (Last reviewed 29 July 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Costa Rica (Last reviewed 20 December 2019) 15 15
Croatia (Last reviewed 30 July 2020) Capital gains are subject to the normal CIT rate. 12% increased for municipal tax (levied at the rates ranging from 0% to 18%, depending on taxpayer's place of residence).
Cyprus (Last reviewed 30 June 2020) 20 20
Czech Republic (Last reviewed 20 July 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Denmark (Last reviewed 03 August 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Dominican Republic (Last reviewed 07 July 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Ecuador (Last reviewed 15 July 2020) Capital gains generated by the transfer of equity rights (i.e. shares) are subject to income tax at a progressive rate from 0% up to 10%. Capital gains generated by the transfer of equity rights (i.e. shares) are subject to income tax at progressive rates from 0% up to 10%.
Egypt (Last reviewed 16 January 2020) 22.5 22.5
El Salvador (Last reviewed 07 July 2020) 10 10
Equatorial Guinea (Last reviewed 26 February 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Estonia (Last reviewed 03 January 2020) NA Capital gains are subject to the normal PIT rate.
Fiji (Last reviewed 14 July 2020) 10 10
Finland (Last reviewed 30 June 2020) Capital gains are subject to the normal CIT rate. 30 (and 34 on income exceeding EUR 30,000 annually).
France (Last reviewed 16 September 2019) Capital gains are subject to the normal CIT rate. 30, plus exceptional income tax for high earners at 4%
Gabon (Last reviewed 04 February 2020) Capital gains are subject to the normal CIT rate. 20
Georgia (Last reviewed 23 June 2020) Capital gains are subject to the normal CIT rate. 5
Germany (Last reviewed 09 July 2020) Capital gains are subject to the normal corporation tax rate. 25, plus solidarity surcharge
Ghana (Last reviewed 09 July 2020) 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 and 25% for non-residents; or 15% (upon election and the gains are as a result of the realisation of investment assets).
Gibraltar (Last reviewed 30 July 2020) NA NA
Greece (Last reviewed 30 June 2020) Capital gains are subject to the normal CIT rate. 15
Greenland (Last reviewed 02 June 2020) 31.8 NA
Guatemala (Last reviewed 08 July 2020) 10 10
Guernsey, Channel Islands (Last reviewed 06 January 2020) NA NA
Guyana (Last reviewed 07 July 2020) 20 20
Honduras (Last reviewed 10 January 2020) 10 10
Hong Kong SAR (Last reviewed 30 June 2020) NA NA
Hungary (Last reviewed 20 April 2020) 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 17.5% social tax is also payable.
Iceland (Last reviewed 09 July 2020) Capital gains are subject to the normal CIT rate. 22
India (Last reviewed 14 May 2020) Long-term capital gain: 10 (on sale of equity shares/units of equity oriented funds in excess of INR 100,000); otherwise, 20.

Short-term capital gain: 15 (if securities transaction tax payable). Where no securities transaction tax is paid, normal corporate tax rate applies.

Above rates are to be enhanced by surcharge and health and education cess.
See India's individual tax summary for capital gain rates.
Indonesia (Last reviewed 29 June 2020) Capital gains are subject to the normal CIT rate, except for sale of land and buildings and exchange-traded shares (see Indonesia's corporate tax summary for more information). Capital gains are subject to the normal PIT rate, except for sale of land and buildings and exchange-traded shares (see Indonesia's individual tax summary for more information).
Iraq (Last reviewed 02 June 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Ireland (Last reviewed 04 February 2020) 33 33
Isle of Man (Last reviewed 08 June 2020) NA NA
Israel (Last reviewed 28 June 2020) Capital gains are subject to the normal CIT rate. 25
Italy (Last reviewed 14 February 2020) Capital gains are subject to the normal CIT rate.For financial investments PEX regime at 95% may be applied provided that the conditions set by the law are met. Capital gains are subject to the normal PIT rate.
Ivory Coast (Côte d'Ivoire) (Last reviewed 13 February 2020) Capital gains are subject to the normal CIT rate. NA
Jamaica (Last reviewed 01 January 2020) NA NA
Japan (Last reviewed 27 December 2019) 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 07 July 2020) NA NA
Jordan (Last reviewed 21 July 2020) 20 30
Kazakhstan (Last reviewed 02 July 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the 10% PIT rate.
Kenya (Last reviewed 03 August 2020) 5 5
Korea, Republic of (Last reviewed 30 June 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Kosovo (Last reviewed 14 February 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate (10%).
Kuwait (Last reviewed 07 July 2020) Capital gains are subject to the normal CIT rate. NA
Kyrgyzstan (Last reviewed 30 June 2020) 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 08 July 2020) NA NA
Latvia (Last reviewed 07 July 2020) Capital gains are subject to the normal CIT rate. 20
Lebanon (Last reviewed 23 July 2020) 15 15
Libya (Last reviewed 09 July 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Liechtenstein (Last reviewed 18 June 2020) 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 27 July 2020) Capital gains are subject to the normal CIT rate. 20
Luxembourg (Last reviewed 02 July 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Macau SAR (Last reviewed 28 July 2020) Capital gains are subject to the normal complementary tax rate. NA
Madagascar (Last reviewed 03 August 2020) 20 20
Malawi (Last reviewed 15 July 2020) Capital gains are subject to the normal corporate rate. Capital gains are subject to the normal PIT rate.
Malaysia (Last reviewed 01 July 2020) 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%). 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 15 July 2020) See Malta's corporate tax summary for capital gain rates. See Malta's individual tax summary for capital gain rates.
Mauritius (Last reviewed 05 August 2020) NA NA
Mexico (Last reviewed 08 July 2020) 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 02 July 2020) 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 04 August 2020) See Mongolia's corporate tax summary for capital gain rates. See Mongolia's individual tax summary for capital gain rates.
Montenegro (Last reviewed 29 July 2020) Capital gains are subject to the normal CPT rate. Capital gains are subject to the normal PIT rate.
Morocco (Last reviewed 06 September 2019) Capital gains are subject to the normal CIT rate. 20
Mozambique (Last reviewed 30 July 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Myanmar (Last reviewed 04 August 2020) 10% for non-oil and gas sector;
40% to 50% for oil and gas sector
10
Namibia, Republic of (Last reviewed 08 June 2020) NA NA
Netherlands (Last reviewed 06 July 2020) Capital gains are subject to the normal CIT rate (25%). Capital gains on qualifying participations are tax exempt under the participation exemption. NA
New Zealand (Last reviewed 16 December 2019) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Nicaragua (Last reviewed 07 July 2020) 15 15
Nigeria (Last reviewed 17 July 2020) 10 10
North Macedonia (Last reviewed 30 July 2020) 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 15%. See the Income determination section.
Norway (Last reviewed 13 July 2020) Capital gains are subject to the ordinary CIT rate. Capital gains are subject to the normal PIT rate.
Oman (Last reviewed 26 April 2020) 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 25 July 2020) See Pakistan's corporate tax summary for capital gain rates. See Pakistan's individual tax summary for capital gain rates.
Palestinian territories (Last reviewed 21 June 2020) Income tax is imposed on capital gains. Income tax is imposed on capital gains.
Panama (Last reviewed 29 June 2020) 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 23 June 2020) PNG does not currently tax capital gains. Capital gains are subject to the normal PIT rate.
Paraguay (Last reviewed 11 February 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Peru (Last reviewed 17 July 2020) Capital gains are subject to the normal CIT rate. 5
Philippines (Last reviewed 30 June 2020) See the Philippines corporate tax summary for capital gain rates. See the Philippines individual tax summary for capital gain rates.
Poland (Last reviewed 10 July 2020) 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 30 July 2020) See Portugal's corporate tax summary for capital gain rates. See Portugal's individual tax summary for capital gain rates.
Puerto Rico (Last reviewed 30 June 2020) 20 See Puerto Rico's individual tax summary for capital gain rates.
Qatar (Last reviewed 10 December 2019) Same as CIT rate. NA
Romania (Last reviewed 21 July 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Russian Federation (Last reviewed 31 December 2019) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Rwanda (Last reviewed 30 July 2020) See Rwanda's corporate tax summary for capital gain rates. Capital gains are subject to the normal PIT rate.
Saint Lucia (Last reviewed 03 January 2020) NA NA
Saudi Arabia (Last reviewed 27 June 2020) 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 10 July 2020) Capital gains are subject to the normal CIT rate. NP
Serbia (Last reviewed 29 July 2020) 15 15
Singapore (Last reviewed 06 February 2020) NA NA
Slovak Republic (Last reviewed 04 February 2020) Capital gains are subject to the normal CIT rate. 19
Slovenia (Last reviewed 04 August 2020) Capital gains are subject to the normal CIT rate (19 %). 27.5
South Africa (Last reviewed 30 June 2020) 22.4 18
Spain (Last reviewed 16 July 2020) Capital gains are subject to the normal CIT rate. Residents: 23;
Non-residents: Capital gains generated as a result of a transfer of assets are taxed at 19%.
Sri Lanka (Last reviewed 17 February 2020) 10 10
Swaziland (Last reviewed 21 April 2020) NA NA
Sweden (Last reviewed 06 July 2020) See Sweden's corporate tax summary for capital gain rates. 30
Switzerland (Last reviewed 09 July 2020) Overall an effective tax rate between 11.9% and 21.6% depending on the company's location of corporate residence in Switzerland applies. 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 15 July 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Tajikistan (Last reviewed 13 July 2020) Resident: Capital gains are subject to the normal CIT rate (23 or 13 for entities producing goods)
Non-resident: Capital gains are treated as other income subject to 15% rate
Resident: 13 (exempt for certain property if established requirements are met)
Non-resident: 25
Tanzania (Last reviewed 22 November 2019) Capital gains are subject to the normal CIT rate. Residents: 10;
Non-residents: 30;
Sale of mineral or petroleum rights: 30
Thailand (Last reviewed 20 July 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Timor-Leste (Last reviewed 12 February 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Trinidad and Tobago (Last reviewed 09 July 2020) NA NA
Tunisia (Last reviewed 31 July 2020) Capital gains are subject to the normal CIT rate. See Tunisia's individual tax summary for capital gain rates.
Turkey (Last reviewed 22 January 2020) Capital gains are subject to the normal CIT rate. See Turkey's individual tax summary for capital gain rates.
Turkmenistan (Last reviewed 22 January 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Uganda (Last reviewed 13 December 2019) Capital gains are subject to the normal CIT rate. NA
Ukraine (Last reviewed 30 June 2020) Capital gains are subject to the standard CIT rate of 18%. Taxable as ordinary income.
United Arab Emirates (Last reviewed 31 July 2020) NA NA
United Kingdom (Last reviewed 10 July 2020) 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 31 July 2020) 21 20
Uruguay (Last reviewed 01 July 2020) 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 28 April 2020) 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: 20
Venezuela (Last reviewed 20 February 2020) Capital gains are subject to the normal CIT rate. Capital gains are subject to the normal PIT rate.
Vietnam (Last reviewed 31 January 2020) Capital gains are subject to the normal CIT rate (i.e. 20%). See Vietnam's individual tax summary for capital gain rates for tax residents and non residents.
Zambia (Last reviewed 14 February 2020) NA NA
Zimbabwe (Last reviewed 22 November 2019) 20 20

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.