/biz/ - Business & Finance

Sorry lads, spoke to the Portuguese tax authorities today and they confirmed that while capital gains tax doesn't apply to crypto, if you trade you can be taxed and likely will.
Currently there are no laws that determine how to deal with crypto and they don't require you to report your gains, but they reserve the right to tax you on income tax at 28% for trading as they see fit with no minimum requirements whatsoever. They still require that you report your trading activities to them even if its crypto.

Is it true that you don't have to pay any taxes on your magical internet cryptomoney in Portugal?

Portuguese bros, can someone please translate, confirm or find the source of this document?

Tax free crypto gains in Portugal is largely a meme. It may be true now but that's only due to there being no regulations whatsoever on behalf of the ministry of finance, central bank and the tax authority
It's also not guaranteed as it is because no one can give you a straight answer and capital gains are taxed at a very high rate here.

tl;dr don't come to Portugal if you're planning on a tax free crypto life and cashing out

why do people keep saying that Portugal has no taxes on crypto? can someone who lives there confirm this?

>>5722616
>>5722420
>>5721324
can someone please confirm this Portugal meme?

Can someone please confirm that Portugal officially regards crypto as non-taxable?

https://www.dn.pt/dinheiro/interior/financas-lucros-com-bitcoin-nao-pagam-imposto-9007290.html