Tuvalu Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Primary Legislation

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Travel Rule

Not adopted

Tax Reporting

**Tuvalu currently does not levy a separate capital gains tax.**. Gains derived from the sale or disposal of assets (including virtual assets) are generally **not subject to a specific capital gains tax**.. **However, if an individual or business regularly trades cryptocurrency with the intention of making a profit, or if crypto activities constitute a trade or business, the profits derived could be treated as ordinary income and subject to income tax.** The distinction between a capital gain (which is untaxed) and income from a business (which is taxed) would depend on factors like frequency, volume, and intent.. **Mining, Staking, Lending Rewards, Airdrops:** If these activities are carried out regularly or with the intention of making a profit, the value of the cryptocurrency received (valued at the time of receipt) would likely be considered **assessable income** under the Income Tax Act.. **Wages/Salaries paid in Crypto:** If an individual receives salary or wages in cryptocurrency, the value of the crypto at the time of receipt would be treated as taxable employment income, subject to the standard income tax rates.

Key Facts

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