| Albania (Last reviewed 07 August 2023) | 15 | 15 |
| Algeria (Last reviewed 31 May 2023) | Capital gains are subject to the normal CIT rate. | Resident: 15;
Non-residents: 20 |
| Angola (Last reviewed 14 December 2023) | Capital gains arising from the disposal of financial instruments: 10% | Generally, the Investment Income Tax for capital gains is 10%. |
| Argentina (Last reviewed 22 September 2023) | Capital gains are subject to the normal CIT rate. | 15 |
| Armenia (Last reviewed 14 December 2023) | 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 12 December 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Austria (Last reviewed 13 July 2023) | Capital gains are subject to the normal CIT rate. | 27.5 |
| Azerbaijan (Last reviewed 04 September 2023) | Capital gains are subject to the normal profit tax rate. | 25 |
| Bahrain (Last reviewed 13 September 2023) | NA | NA |
| Barbados (Last reviewed 03 August 2023) | NA | NA |
| Belgium (Last reviewed 27 July 2023) | 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 29 June 2023) | NA | NA |
| Bolivia (Last reviewed 01 August 2023) | Capital gains are subject to the normal CIT rate. | NA |
| Bosnia and Herzegovina (Last reviewed 21 April 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Botswana (Last reviewed 25 September 2023) | Capital gains are subject to the normal CIT rate. | 25 |
| Brazil (Last reviewed 28 November 2023) | 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 25 September 2023) | Capital gains are subject to the normal CIT rate. | 10 |
| Cabo Verde (Last reviewed 14 July 2023) | 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 04 September 2023) | Capital gains are subject to the standard CIT rate. | 20 (being postponed until January 2024). |
| Cameroon, Republic of (Last reviewed 01 August 2023) | Capital gains are subject to the normal CIT rate. | Stocks and shares: 16.5;
Real property: 30 |
| Canada (Last reviewed 15 December 2023) | 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 04 December 2023) | NA | NA |
| Chad (Last reviewed 25 September 2023) | 20 | 20 |
| Chile (Last reviewed 13 June 2023) | Capital gains are subject to the normal FCT rate. | 40 |
| China, People's Republic of (Last reviewed 29 December 2023) | Capital gains are subject to the normal CIT rate. | 20 |
| Colombia (Last reviewed 03 August 2023) | 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 19 October 2023) | Capital gains are subject to the normal CIT rate. | NA |
| Congo, Republic of (Last reviewed 16 July 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Costa Rica (Last reviewed 19 June 2023) | 15 (2.25 under certain conditions) | 15 (2.25 under certain conditions) |
| Croatia (Last reviewed 02 January 2024) | Capital gains are subject to the normal CIT rate. | 12% |
| Cyprus (Last reviewed 21 December 2023) | 20 | 20 |
| Czech Republic (Last reviewed 05 January 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Denmark (Last reviewed 08 August 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Dominican Republic (Last reviewed 04 December 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Ecuador (Last reviewed 01 September 2023) | 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 14 September 2023) | 0, 10, or 22.5 | 0, 10, or 25 |
| El Salvador (Last reviewed 18 July 2023) | 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 02 August 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Estonia (Last reviewed 08 August 2023) | NA | Capital gains are subject to the normal PIT rate. |
| Eswatini (Last reviewed 25 September 2023) | NA | NA |
| Ethiopia (Last reviewed 17 November 2023) | 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%. |
| Fiji (Last reviewed 13 July 2023) | 10 | 10 |
| Finland (Last reviewed 26 September 2023) | Capital gains are subject to the normal CIT rate. | 30 (and 34 on income exceeding EUR 30,000 annually). |
| France (Last reviewed 01 August 2023) | Capital gains are subject to the normal CIT rate. | 30, plus exceptional income tax for high earners at 4% |
| Gabon (Last reviewed 14 July 2023) | 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 19 July 2023) | 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 23 December 2023) | 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 15 August 2023) | 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 25% (upon election and the gains are as a result of the realisation of investment assets). |
| Gibraltar (Last reviewed 05 December 2023) | NA | NA |
| Greece (Last reviewed 02 August 2023) | Capital gains are subject to the normal CIT rate unless the participation exemption is applicable. | 15 |
| Greenland (Last reviewed 06 December 2023) | 26.5 (i.e. 25% + 6% surcharge) | NA |
| Guatemala (Last reviewed 04 December 2023) | 10 | 10 |
| Guernsey, Channel Islands (Last reviewed 20 December 2023) | NA | NA |
| Guyana (Last reviewed 01 September 2023) | 20 | 20 |
| Honduras (Last reviewed 18 July 2023) | 10 | 10 |
| Hong Kong SAR (Last reviewed 29 December 2023) | NA | NA |
| Hungary (Last reviewed 11 July 2023) | 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 30 June 2023) | Capital gains are subject to the normal CIT rate. | 22 |
| India (Last reviewed 14 December 2023) | 10%/20% (applicable surcharge and cess) long-term and 15%/40% (applicable surcharge and cess) short-term (may be exempt under Double Taxation Avoidance Agreement). Please refer to Capital gains in the Income determination section for more details. | Long-term capital gain: 10 (on sale of equity shares/ units of equity oriented funds/units of business trust in excess of INR 100,000 and security transaction tax is paid). 10 for non-residents without cost inflation adjustment or 20 for residents/ non-residents with cost inflation adjustment (on sale of any other asset). Short-term capital gain: 15 (if securities transaction tax paid on sale of equity shares/ units of equity oriented funds/ units of business trust) or normal slab rates (on sale of any other asset). |
| Indonesia (Last reviewed 19 December 2023) | 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 04 December 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Ireland (Last reviewed 18 July 2023) | 33 | 33 |
| Isle of Man (Last reviewed 30 June 2023) | NA | NA |
| Israel (Last reviewed 30 June 2023) | Capital gains are subject to the normal CIT rate. | 25 |
| Italy (Last reviewed 02 August 2023) | 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 June 2023) | Capital gains are subject to the normal CIT rate. | NA |
| Jamaica (Last reviewed 11 June 2023) | 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 31 July 2023) | 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 14 July 2023) | NA | NA |
| Jordan (Last reviewed 07 June 2023) | 20 | 30 |
| Kazakhstan (Last reviewed 04 December 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the 10% PIT rate. |
| Kenya (Last reviewed 25 September 2023) | 15 | 15 |
| Korea, Republic of (Last reviewed 27 June 2023) | 24 (same as the normal CIT rates). | 45 for registered real property (varying depending on the type of asset, holding period, etc.) |
| Kosovo (Last reviewed 03 August 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate (10%). |
| Kuwait (Last reviewed 16 July 2023) | Capital gains are subject to the normal CIT rate. | NA |
| Kyrgyzstan (Last reviewed 02 August 2023) | 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 17 July 2023) | 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 03 July 2023) | Capital gains are subject to the normal CIT rate. | 20 |
| Lebanon (Last reviewed 03 October 2023) | 15 | 15 |
| Libya (Last reviewed 03 December 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Liechtenstein (Last reviewed 10 July 2023) | 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 2023) | Capital gains are subject to the normal CIT rate. | 20 |
| Luxembourg (Last reviewed 02 January 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Macau SAR (Last reviewed 16 July 2023) | Capital gains are subject to the normal complementary tax rate. | NA |
| Madagascar (Last reviewed 01 June 2023) | 20 | 20 |
| Malawi (Last reviewed 21 April 2023) | Capital gains are subject to the normal corporate rate. | Capital gains are subject to the normal PIT rate. |
| Malaysia (Last reviewed 06 December 2023) | 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%). |
| Maldives, Republic of (Last reviewed 10 September 2023) | Capital gains are subject to the normal income tax rate. | Capital gains are subject to the normal income tax rate. |
| Malta (Last reviewed 11 August 2023) | 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 01 August 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Mauritius (Last reviewed 18 September 2023) | NA | NA |
| Mexico (Last reviewed 01 September 2023) | 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 14 July 2023) | 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 22 December 2023) | See Mongolia's corporate tax summary for capital gain rates. | See Mongolia's individual tax summary for capital gain rates. |
| Montenegro (Last reviewed 21 April 2023) | Capital gains are subject to the normal CIT rate. | 15 |
| Morocco (Last reviewed 04 April 2023) | Capital gains are subject to the normal CIT rate. | 20 |
| Mozambique (Last reviewed 02 August 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Myanmar (Last reviewed 07 August 2023) | 10% for non-oil and gas sector;
40% to 50% for oil and gas sector | 10 |
| Namibia, Republic of (Last reviewed 18 December 2023) | NA | NA |
| Netherlands (Last reviewed 09 January 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 Zealand (Last reviewed 27 September 2023) | 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 18 July 2023) | 15 | 15 |
| Nigeria (Last reviewed 01 September 2023) | 10 | 10 |
| North Macedonia (Last reviewed 03 July 2023) | 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 04 December 2023) | Capital gains are subject to the ordinary CIT rate. | Capital gains are subject to the normal PIT rate. |
| Oman (Last reviewed 11 July 2023) | 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 07 July 2023) | See Pakistan's corporate tax summary for capital gain rates. | See Pakistan's individual tax summary for capital gain rates. |
| Palestinian territories (Last reviewed 18 July 2023) | Income tax is imposed on capital gains. | Income tax is imposed on capital gains. |
| Panama (Last reviewed 14 June 2023) | 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 02 September 2023) | PNG does not currently tax capital gains. | PNG does not currently tax capital gains. |
| Paraguay (Last reviewed 06 February 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Peru (Last reviewed 09 January 2024) | Capital gains are subject to the normal CIT rate. | 5 |
| Philippines (Last reviewed 31 December 2023) | See the Philippines corporate tax summary for capital gain rates. | See the Philippines individual tax summary for capital gain rates. |
| Poland (Last reviewed 08 August 2023) | 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 06 July 2023) | 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 | See Puerto Rico's individual tax summary for capital gain rates. |
| Qatar (Last reviewed 04 April 2023) | Same as CIT rate. | NA |
| Romania (Last reviewed 16 October 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Rwanda (Last reviewed 18 July 2023) | 5 | 5 |
| Saint Lucia (Last reviewed 01 December 2023) | NA | NA |
| Saudi Arabia (Last reviewed 01 July 2023) | 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 16 August 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Serbia (Last reviewed 21 April 2023) | 15 | 15 |
| Singapore (Last reviewed 04 May 2023) | NA | NA |
| Slovak Republic (Last reviewed 28 November 2023) | Capital gains are subject to the normal CIT rate. | 19 |
| Slovenia (Last reviewed 05 June 2023) | Capital gains are subject to the normal CIT rate (19%). | 25 |
| South Africa (Last reviewed 08 December 2023) | 21.6 | 18 |
| Spain (Last reviewed 30 June 2023) | Capital gains are subject to the normal CIT rate. | Residents: 26;
Non-residents: Capital gains generated as a result of a transfer of assets are taxed at 19%. |
| Sri Lanka (Last reviewed 02 August 2023) | 10 | 10 |
| Sweden (Last reviewed 13 June 2023) | See Sweden's corporate tax summary for capital gain rates. | 30 |
| Switzerland (Last reviewed 20 July 2023) | 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 30 June 2023) | 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 26 December 2023) | 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 02 January 2024) | Capital gains are subject to the normal CIT rate. | Residents: 10;
Non-residents: 30;
Sale of mineral or petroleum rights: 30 |
| Thailand (Last reviewed 12 July 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Timor-Leste (Last reviewed 28 April 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Trinidad and Tobago (Last reviewed 01 September 2023) | NA | NA |
| Tunisia (Last reviewed 07 June 2023) | Capital gains are subject to the normal CIT rate. | See Tunisia's individual tax summary for capital gain rates. |
| Turkey (Last reviewed 26 July 2023) | Capital gains are subject to the normal CIT rate. | 40 |
| Turkmenistan (Last reviewed 08 January 2024) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Uganda (Last reviewed 04 September 2023) | Capital gains are subject to the normal CIT rate. | 40 |
| Ukraine (Last reviewed 29 December 2023) | Capital gains are subject to the standard CIT rate of 18%. | Taxable as ordinary income. |
| United Arab Emirates (Last reviewed 04 September 2023) | Same as UAE CT rates, where participation exemption is not available. | NA |
| United Kingdom (Last reviewed 29 June 2023) | 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 08 August 2023) | 21 | 20 |
| Uruguay (Last reviewed 06 July 2023) | 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 06 July 2023) | 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 September 2023) | Capital gains are subject to the normal CIT rate. | Capital gains are subject to the normal PIT rate. |
| Vietnam (Last reviewed 03 April 2023) | See Vietnam's Corporate tax summary for capital gains tax. | See Vietnam's Individual tax summary for capital gains tax. |
| Zambia (Last reviewed 29 June 2023) | NA | NA |
| Zimbabwe (Last reviewed 19 May 2023) | 20 | 20 |
