Capital Gains Tax (CGT) Rates

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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 Corporate capital gains tax rate (%) Individual capital gains tax rate (%)
Albania (Last
reviewed 07 15 15
February 2020)
Algeria (Last
Capital gains are subject to the normal Resident: 15;
reviewed 22
CIT rate. Non-residents: 20
November 2019)
Angola (Last
Capital gains arising from the disposal of Generally, the Investment Income Tax for
reviewed 14
financial instruments: 10% capital gains is 10%.
January 2020)
Argentina (Last
Capital gains are subject to the normal
reviewed 18 15
CIT rate.
February 2020)
Armenia (Last 10 or 20 (depending on the type of

reviewed 17 property and whether sold to a tax agent or
CIT rate.
January 2020) individual)
Australia (Last
Capital gains are subject to the normal Capital gains are subject to the normal PIT
reviewed 20
CIT rate. rate.
December 2019)
Austria (Last
reviewed 07 27.5
CIT rate.
January 2020)
/
Azerbaijan (Last
reviewed 11 25
profit tax rate.
February 2020)
Bahrain (Last
reviewed 08 NA NA
January 2020)
Barbados (Last
reviewed 16 NA NA
December 2019)
Belarus (Last
Resident: 18; Capital gains are subject to the normal PIT
reviewed 27
Non-resident: 12 rate.
January 2020)
Belgium (Last Capital gains are subject to the normal

reviewed 11 CIT rate (except capital gains on shares NA
February 2020) under certain conditions).
Bermuda (Last
reviewed 10 NA NA
February 2020)
Bolivia (Last
reviewed 27 NA
CIT rate.
December 2019)
Bosnia and
Herzegovina Capital gains are subject to the normal Capital gains are subject to the normal PIT
(Last reviewed 13 CIT rate. rate.
February 2020)
Botswana (Last
reviewed 24 25
CIT rate.
January 2020)
Brazil (Last 34% for legal entities (considered as part

reviewed 07 of regular income and subject to regular 22.5
January 2020) CIT rates).
Bulgaria (Last
reviewed 04 10
CIT rate.
February 2020)
/
Disposal of immovable property,

Cabo Verde
Capital gains are subject to the normal intellectual property, shareholdings: 1;
(Last reviewed 10
CIT rate. Gambling, lottery, betting, prizes awarded
January 2020)
in sweepstakes, contests: 20
Cambodia (Last
reviewed 08 NP
CIT rate.
January 2020)
Cameroon,
Republic of (Last Capital gains are subject to the normal Stocks and shares: 16.5;
reviewed 23 CIT rate. Real property: 30
January 2020)
Half of a capital gain constitutes a taxable Half of a capital gain constitutes a taxable
Canada (Last
capital gain, which is included in the capital gain, which is included in the
reviewed 16
corporation's income and taxed at ordinary individual's income and taxed at ordinary
December 2019)
rates. rates.
Cayman Islands
(Last reviewed 07 NA NA
January 2020)
Chad (Last
reviewed 04 20 20
February 2020)
Chile (Last
reviewed 29 35.5
FCT rate.
January 2020)
China, People's
Republic of (Last Capital gains are subject to the normal
20
reviewed 30 CIT rate.
December 2019)
If the assets were held for two or more

years, the gain will be taxed as a capital
Colombia (Last
gain at a 10% flat rate.
reviewed 05 10
If the assets were held for less than two
February 2020)
years, the gain will be taxed as ordinary
capital income (39% max rate).
Congo,
Democratic
Republic of the NA
CIT rate.
(Last reviewed 29
January 2020)
/
Congo,
Republic of (Last Capital gains are subject to the normal Capital gains are subject to the normal PIT
reviewed 31 CIT rate. rate.
December 2019)
Costa Rica (Last

reviewed 20 15 15
December 2019)
12% increased for municipal tax (levied at

Croatia (Last
Capital gains are subject to the normal the rates ranging from 0% to 18%,
reviewed 20
CIT rate. depending on taxpayer's place of
February 2020)
residence).
Cyprus (Last
reviewed 05 20 20
February 2020)
Czech Republic
(Last reviewed 09
CIT rate. rate.
January 2020)
Denmark (Last
reviewed 19
CIT rate. rate.
February 2020)
Dominican
Republic (Last Capital gains are subject to the normal Capital gains are subject to the normal PIT
January 2020)
Capital gains generated by the transfer of Capital gains generated by the transfer of
Ecuador (Last
equity rights (i.e. shares) are subject to equity rights (i.e. shares) are subject to
reviewed 10
income tax at a progressive rate from 0% income tax at progressive rates from 0%
February 2020)
up to 10%. up to 10%.
Egypt (Last
reviewed 16 22.5 22.5
January 2020)
El Salvador
(Last reviewed 20 10 10
December 2019)
/
Equatorial
Guinea (Last Capital gains are subject to the normal Capital gains are subject to the normal PIT
February 2020)
Estonia (Last
Capital gains are subject to the normal PIT
reviewed 03 NA
rate.
January 2020)
Fiji (Last
reviewed 27 10 10
January 2020)
Finland (Last
Capital gains are subject to the normal 30 (and 34 on income exceeding EUR
reviewed 29
CIT rate. 30,000 annually).
December 2019)
France (Last
Capital gains are subject to the normal 30, plus exceptional income tax for high
reviewed 16
CIT rate. earners at 4%
September 2019)
Gabon (Last
reviewed 04 20
CIT rate.
February 2020)
Georgia (Last
reviewed 15 5
CIT rate.
January 2020)
Germany (Last
reviewed 10 25, plus solidarity surcharge
corporation tax rate.
January 2020)
Capital gains are included as part of

income and taxed at the individual’s
Ghana (Last Capital gains are included as part of
marginal/graduated tax rate for residents
reviewed 06 income and taxed at the applicable
and 25% for non-residents; or 15% (upon
February 2020) Corporate income tax rate.
election and the gains are as a result of the
realisation of investment assets).
Gibraltar (Last
reviewed 12 NA NA
February 2020)
Greece (Last
reviewed 28 15
CIT rate.
January 2020)
/
Greenland (Last
reviewed 09 31.8 NA
January 2020)
Guatemala (Last
reviewed 23 10 10
January 2020)
Guernsey,
Channel Islands
NA NA
(Last reviewed 06
January 2020)
Guyana (Last
reviewed 10 20 20
February 2020)
Honduras (Last
reviewed 10 10 10
January 2020)
Hong Kong SAR

(Last reviewed 30 NA NA
December 2019)
Capital gains are subject to the normal PIT

Hungary (Last Capital gains are subject to the normal
rate (15%). If certain conditions are not
reviewed 15 CIT rate (9%); however, the participation
met, an additional 19.5% social tax is also
January 2020) exemption regime may apply.
payable.
Iceland (Last
reviewed 05 22
CIT rate.
February 2020)
Long-term capital gain: 10 (on sale of

equity shares/units of equity oriented
funds in excess of INR 100,000);
otherwise, 20.
India (Last
Short-term capital gain: 15 (if securities See India's individual tax summary for
reviewed 20
transaction tax payable). Where no capital gain rates.
December 2019)
securities transaction tax is paid, normal
corporate tax rate applies.
Above rates are to be enhanced by

surcharge and health and education cess.
/
Indonesia (Last CIT rate, except for sale of land and rate, except for sale of land and buildings
reviewed 20 buildings and exchange-traded shares and exchange-traded shares (see
December 2019) (see Indonesia's corporate tax summary Indonesia's individual tax summary for
for more information). more information).
Iraq (Last
reviewed 24
CIT rate. rate.
November 2019)
Ireland (Last
reviewed 04 33 33
February 2020)
Isle of Man (Last

reviewed 09 NA NA
January 2020)
Israel (Last
reviewed 25 25
CIT rate.
January 2020)

Italy (Last
CIT rate.For financial investments PEX Capital gains are subject to the normal PIT
reviewed 14
regime at 95% may be applied provided rate.
February 2020)
that the conditions set by the law are met.
Ivory Coast
(Côte d'Ivoire) Capital gains are subject to the normal
NA
(Last reviewed 13 CIT rate.
February 2020)
Jamaica (Last
reviewed 01 NA NA
January 2020)
Gains arising from sale of stock are taxed

at a total rate of 20.315% (15.315% for
Japan (Last national tax purposes and 5% local tax).
reviewed 27 Gains arising from sale real property are
CIT rate.
December 2019) 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
NA NA
reviewed 07
January 2020)
/
Jordan (Last
reviewed 12 20 30
December 2019)
Kazakhstan
Capital gains are subject to the normal Capital gains are subject to the 10% PIT
(Last reviewed 27
CIT rate. rate.
December 2019)
Kenya (Last
reviewed 26 5 5
February 2020)
Korea, Republic
of (Last reviewed Capital gains are subject to the normal Capital gains are subject to the normal PIT
02 December CIT rate. rate.
2019)
Kosovo (Last
reviewed 14
CIT rate. rate (10%).
February 2020)
Kuwait (Last
reviewed 12 NA
CIT rate.
January 2020)
Kyrgyzstan (Last
reviewed 14
profit tax rate (10%). rate (10%).
January 2020)
Lao PDR (Last

reviewed 06 NA NA
February 2020)
Latvia (Last
reviewed 10 20
CIT rate.
January 2020)
Lebanon (Last
reviewed 09 15 15
January 2020)
Libya (Last
reviewed 22
CIT rate. rate.
November 2019)
/
Capital gains derived from the sale of Capital gains derived from the sale of
Liechtenstein shares are tax-exempt. Capital gains from shares are tax-exempt. Capital gains from
(Last reviewed 20 the sale of real estate are subject to a the sale of real estate are subject to a
December 2019) separately assessed real estate profit tax separately assessed real estate profit tax
of up to 24%. of up to 24%.
Lithuania (Last
reviewed 04 20
CIT rate.
February 2020)
Luxembourg
(Last reviewed 16
CIT rate. rate.
January 2020)
Macau SAR
(Last reviewed 13 NA
complementary tax rate.
January 2020)
Madagascar
February 2020)
Malawi (Last
reviewed 04
corporate rate. rate.
March 2020)
Generally, gains on capital assets are not Generally, gains on capital assets are not
Malaysia (Last subject to tax, except for gains arising subject to tax, except for gains arising from
reviewed 13 from the disposal of real property situated the disposal of real property situated in
January 2020) in Malaysia, which is subject to RPGT (up Malaysia, which is subject to RPGT (up to
to 30%). 30%).
Malta (Last
See Malta's corporate tax summary for See Malta's individual tax summary for
reviewed 28
capital gain rates. capital gain rates.
February 2020)
Mauritius (Last
reviewed 14 NA NA
January 2020)
30% for a Mexican resident, accrued as

Mexico (Last
regular taxable income. See the Mexico individual tax summary for
reviewed 21
25% on the gross proceeds, or 35% on capital gain rates.
January 2020)
the net gain, for non-residents.
/
Moldova (Last Capital gains are subject to the normal Capital gains are subject to the normal PIT
reviewed 14 CIT rate (taxable gain basis represent rate (taxable gain basis represent 50%
February 2020) 50% from the capital gain). from the capital gain).
Mongolia (Last
See Mongolia's corporate tax summary for See Mongolia's individual tax summary for
reviewed 30
December 2019)
Montenegro
(Last reviewed 13
CPT rate. rate.
February 2020)
Morocco (Last
reviewed 06 20
CIT rate.
September 2019)
Mozambique
(Last reviewed 16
CIT rate. rate.
December 2019)
Myanmar (Last
10% for non-oil and gas sector;
reviewed 22 10
40% to 50% for oil and gas sector
January 2020)
Namibia,
Republic of (Last
NA NA
reviewed 13
December 2019)

Netherlands
CIT rate (25%). Capital gains on qualifying
(Last reviewed 19 NA
participations are tax exempt under the
December 2019)
participation exemption.
New Zealand
(Last reviewed 16
CIT rate. rate.
December 2019)
Nicaragua (Last
reviewed 08 15 15
December 2019)
Nigeria (Last
reviewed 28 10 10
January 2020)
/
North
Capital gains are part of the regular profit Capital gains are subject to the flat PIT
Macedonia (Last
for the year, thus subject to the normal CIT rate at 15%. See the Income determination
reviewed 03
rate. section.
March 2020)
Norway (Last
Capital gains are subject to the ordinary Capital gains are subject to the normal PIT
reviewed 30
CIT rate. rate.
January 2020)
Gains on sales of securities listed on the

Oman (Last
Muscat Securities Market are exempt from
reviewed 02 NA
taxation. Gains on transfers of other
December 2019)
assets are taxable as ordinary income.
Pakistan (Last
See Pakistan's corporate tax summary for See Pakistan's individual tax summary for
reviewed 31
December 2019)
Palestinian
territories (Last
Income tax is imposed on capital gains. Income tax is imposed on capital gains.
reviewed 12
January 2020)
Panama (Last
See Panama's corporate tax summary for See Panama's individual tax summary for
reviewed 31
December 2019)
Papua New
Guinea (Last Capital gains are subject to the normal PIT
PNG does not currently tax capital gains.
reviewed 17 rate.
December 2019)
Paraguay (Last
reviewed 11
CIT rate. rate.
February 2020)
Peru (Last
reviewed 27 5
CIT rate.
January 2020)
Philippines (Last
See the Philippines corporate tax See the Philippines individual tax summary
reviewed 31
summary for capital gain rates. for capital gain rates.
December 2019)
Poland (Last Transfer of real property: Subject to the

reviewed 19 normal PIT rate.
CIT rate.
December 2019) Transfer of shares: 19.
/
Portugal (Last
See Portugal's corporate tax summary for See Portugal's individual tax summary for
reviewed 13
January 2020)
Puerto Rico
See Puerto Rico's individual tax summary
(Last reviewed 04 20
for capital gain rates.
February 2020)
Qatar (Last
reviewed 10 Same as CIT rate. NA
December 2019)
Romania (Last
reviewed 05
CIT rate. rate.
March 2020)
Russian
Federation (Last Capital gains are subject to the normal Capital gains are subject to the normal PIT
December 2019)
Rwanda (Last
See Rwanda's corporate tax summary for Capital gains are subject to the normal PIT
reviewed 22
capital gain rates. rate.
January 2020)
Saint Lucia (Last

reviewed 03 NA NA
January 2020)
Saudi Arabia Capital gains are subject to the normal

(Last reviewed 27 income tax rate applicable to the taxpayer. NA
December 2019) Non-resident capital gains tax rate is 20%.
Senegal (Last
reviewed 29 NP
CIT rate.
January 2020)
Serbia (Last
reviewed 13 15 15
February 2020)
Singapore (Last
reviewed 06 NA NA
February 2020)
/
Slovak Republic
(Last reviewed 04 19
CIT rate.
February 2020)
Slovenia (Last
reviewed 10 25
CIT rate.
January 2020)
South Africa
(Last reviewed 13 22.4 18
December 2019)
Residents: 23;
Spain (Last
Capital gains are subject to the normal Non-residents: Capital gains generated as
reviewed 31
CIT rate. a result of a transfer of assets are taxed at
December 2019)
19%.
Sri Lanka (Last

reviewed 17 10 10
February 2020)
Swaziland (Last
reviewed 04 NA NA
February 2020)
Sweden (Last
See Sweden's corporate tax summary for
reviewed 14 30
capital gain rates.
January 2020)
Overall an effective tax rate between

11.5% and 24.2% depending on the Movable assets: Exempt;
Switzerland
company's location of corporate residence Non-movable assets: Exempt for federal
(Last reviewed 31
in Switzerland applies. Exceptions to be tax, and cantonal tax rate varies per
December 2019)
considered relate to the participation relief canton
and capital gains on real estate.
Taiwan (Last
reviewed 18
CIT rate. rate.
February 2020)
Tajikistan (Last Capital gains are subject to the normal

13 (exempt for certain property if
reviewed 14 CIT rate (23% or 13% for entities
established requirements are met).
January 2020) producing goods).
Tanzania (Last Residents: 10;

reviewed 22 Non-residents: 20;
CIT rate.
November 2019) Sale of mineral or petroleum rights: 30
/
Thailand (Last
reviewed 14
CIT rate. rate.
January 2020)
Timor-Leste
(Last reviewed 12
CIT rate. rate.
February 2020)
Trinidad and
Tobago (Last
NA NA
reviewed 04
February 2020)
Tunisia (Last
Capital gains are subject to the normal See Tunisia's individual tax summary for
reviewed 07
CIT rate. capital gain rates.
February 2020)
Turkey (Last
Capital gains are subject to the normal See Turkey's individual tax summary for
reviewed 22
CIT rate. capital gain rates.
January 2020)
Turkmenistan
(Last reviewed 22
CIT rate. rate.
January 2020)
Turks and
Caicos Islands
NA NA
(Last reviewed 13
January 2020)
Uganda (Last
reviewed 13 NA
CIT rate.
December 2019)
Ukraine (Last
Capital gains are subject to the standard
reviewed 27 Taxable as ordinary income.
CIT rate of 18%.
December 2019)
United Arab
Emirates (Last
NA NA
reviewed 04
February 2020)
United Kingdom
Capital gains are subject to the normal See the United Kingdom's individual tax
(Last reviewed 27
corporation tax rate. summary for capital gain rates.
January 2020)
/
United States
January 2020)
There is no individual capital gains tax in

Uruguay (Last Capital gains are subject to CIT, taxed at
Uruguay. Capital gains are subject to IRPF
reviewed 29 25% (there is no corporate capital gains
or IRNR, taxed at 12% (with some
December 2019) tax in Uruguay).
exceptions).
Uzbekistan,
Residents: Capital gains are subject to the Residents: Capital gains are subject to the
Republic of (Last
normal CIT rate; normal PIT rate;
reviewed 31
Non-residents: 20 Non-residents: 20
October 2019)
Venezuela (Last
reviewed 20
CIT rate. rate.
February 2020)
Vietnam (Last See Vietnam's individual tax summary for

reviewed 31 capital gain rates for tax residents and non
CIT rate (i.e. 20%).
January 2020) residents.
Zambia (Last
reviewed 14 NA NA
February 2020)
Zimbabwe (Last
reviewed 22 20 20
November 2019)
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.
© 2017 - 2020 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member
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Capital Gains Tax (CGT) Rates

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Headline rates for WWTS territories

This table provides an overview only.

See the territory summaries for more detailed information.

Armenia (Last 10 or 20 (depending on the type of

Belgium (Last Capital gains are subject to the normal

Brazil (Last 34% for legal entities (considered as part

Disposal of immovable property,

If the assets were held for two or more

Costa Rica (Last

12% increased for municipal tax (levied at

Capital gains are included as part of

Hong Kong SAR

Capital gains are subject to the normal PIT

Long-term capital gain: 10 (on sale of

Above rates are to be enhanced by

Isle of Man (Last

Capital gains are subject to the normal

Gains arising from sale of stock are taxed

Lao PDR (Last

30% for a Mexican resident, accrued as

Capital gains are subject to the normal

Gains on sales of securities listed on the

Poland (Last Transfer of real property: Subject to the

Saint Lucia (Last

Saudi Arabia Capital gains are subject to the normal

Sri Lanka (Last

Overall an effective tax rate between

Tajikistan (Last Capital gains are subject to the normal

Tanzania (Last Residents: 10;

There is no individual capital gains tax in

Vietnam (Last See Vietnam's individual tax summary for

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