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Countries with Low Capital Gains Tax 2026

Jurisdictions that do tax personal capital gains, but at a top rate of 20% or less, sorted from the lowest rate. Countries with no capital gains tax have their own list; these are the low-rate options, with income tax, dividend tax and foreign income treatment alongside.

11 countries in this list

Short answer: Tax Atlas tracks 11 of 53 jurisdictions that meet this list's criteria: Andorra, Bulgaria, Panama, Paraguay, Uruguay, Costa Rica, Philippines, Greece and 3 more. The key figures for each are in the table below.

How This List Works

This page is generated from the TaxAtlas dataset. Rankings use the personal and business scores plus the underlying tax data (rates, foreign income treatment, and key notes). Always verify details using the sources listed on each country page.

1
🇦🇩

Andorra

Europe
Low Rate
2
🇧🇬

Bulgaria

Europe
Low Rate
3
🇵🇦

Panama

South America
Territorial
4
🇵🇾

Paraguay

South America
Territorial
5
🇺🇾

Uruguay

South America
TerritorialSpecial Regime
6
🇨🇷

Costa Rica

North America
Territorial
7
🇵🇭

Philippines

Asia
Territorial
8
🇬🇷

Greece

Europe
Special Regime
9
🇭🇺

Hungary

Europe
Low Rate
10
🇺🇸

United States

North America
High Tax Comparator
11
🇨🇾

Cyprus

Europe
Low Rate

Key figures at a glance

The figures this list is built on, for every country in it. WHT is the standard withholding tax a company pays on outbound payments to non-residents, before any treaty reduction.

CountryCapital gainsTop income taxDividend taxForeign incomeResidency days
AndorraEurope10%10%Andorran dividends exempt / foreign 10%Worldwide183
BulgariaEurope10%10%5%Worldwide183
PanamaSouth America10%25%10%Territorial183
ParaguaySouth America10%10%5%Territorial120
UruguaySouth America0-12%36%12%Territorial183
Costa RicaNorth America0-15%25%0-15%Territorial183
PhilippinesAsia0-15%35%10%Territorial180
GreeceEurope15%44%5%Worldwide183
HungaryEurope15%15%15%Worldwide183
United StatesNorth America0-20%37%0-20%Worldwide183
CyprusEurope20%35%0-5%Worldwide183

Figures come from each country profile in the Tax Atlas dataset; each country page lists its sources and last-updated date. Rates are headline rates for residents; special regimes, treaty rates and local taxes can change the result. Not tax advice: verify with a qualified adviser.

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FAQ

Which countries have the lowest capital gains tax?

Leaving out the jurisdictions with no capital gains tax at all, 11 of the 53 jurisdictions Tax Atlas tracks tax personal capital gains at a top rate of 20% or less: Andorra (10%), Bulgaria (10%), Panama (10%), Paraguay (10%), Uruguay (0-12%), Costa Rica (0-15%), Philippines (0-15%), Greece (15%), Hungary (15%), United States (0-20%), Cyprus (20%). The full ranking is in the key figures table.

Why do some rates start at 0%?

In Uruguay, Costa Rica, Philippines, United States the rate is a range: some gains are exempt, for example after a holding period, below a threshold or on certain assets, and others are taxed up to the top rate shown. Each country page explains which gains are taxed.

Which European countries have low capital gains tax?

In Europe, Andorra (10%), Bulgaria (10%), Greece (15%), Hungary (15%), Cyprus (20%) tax personal capital gains at 20% or less in the dataset. Several European countries with no general capital gains tax are on the no capital gains tax list instead.

Do these countries tax gains made abroad?

Panama, Paraguay, Uruguay, Costa Rica, Philippines do not tax all foreign income in the normal way (territorial, remittance-based or exempt treatment in the dataset), so gains on foreign assets may fall outside the rate shown. The rest tax residents on worldwide income. Conditions apply; verify your own position with a qualified adviser.

How are these lists ranked?

Lists are generated from the country dataset using the criteria described on each country page (rates, foreign income treatment, and practical notes). Always confirm details with official sources.

Are these countries “tax free” for everyone?

Not necessarily. Residency rules, source rules, and special regimes vary by person. Use these lists as a starting point and verify your situation with local professionals.

How often is this updated?

We monitor listed sources periodically and update entries when changes are confirmed. Country pages show their last-updated date and citations.

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