Crypto tax in China
How is cryptocurrency taxed in China?
Cryptocurrency in China is taxed as income with a headline rate of 45%. Long-term exemptions are not applicable.
Common questions
- What is the tax rate for crypto income in China?
- The headline rate for cryptocurrency taxed as income in China is 45%.
- Are there exemptions for long-term crypto holdings in China?
- No, China does not offer long-term exemptions for cryptocurrency.
- Does China tax crypto based on worldwide income?
- Yes, China operates under a worldwide tax system.
Crypto in China is taxed as ordinary income.
Treatment
taxed as ordinary income
Long-term
Still taxed
Headline rate
45%
For a relocating individual, China treats online crypto sale gains as personal income tax on property-transfer income, so there is no long-term holding exemption and gains can be taxed up to the top individual rate.
“individuals must pay tax on any income from the sale of cryptocurrencies made via the internet.” — Shanghai bureau of China's State Administration of Taxation (as quoted by Yicai)
Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.