PurgatoryEurope
San Marino
12%effective individual rate
San Marino has a 12% tax on capital gains. No VAT system. Small but prosperous microstate.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Capital Gains Tax12% on gains
Income Tax on Crypto12%
Corporate Tax17%
VAT on Crypto0%
Activity Taxes
Staking
12% (as income)
Mining
12% (as income)
DeFi
12% (as income)
NFTs
12% (as income)
Taxable Events
Crypto → Fiat
Taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
No specific holding period benefit
Regulation & Residency
Regulatory Body
Central bank and tax authority
Residency Requirement
Tax residency required for domestic tax obligations
Reporting Requirements
Standard tax reporting applies
Citizenship & Residency Path
Citizenship after 30 years residency; very selective
Living & Lifestyle
Cost of Living
Medium
Banking Access
Good
Quality of Life
High
Lifestyle Scores
Safety9/10
Healthcare7/10
Institutions7/10
Business Ease5/10
Int'l Schooling4/10
Privacy5/10