Are there any specific tax deductions or exemptions for expats in Portugal who hold cryptocurrencies?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, there are specific tax deductions and exemptions available for expats in Portugal who hold cryptocurrencies. The Portuguese tax authorities consider cryptocurrencies as assets, and therefore they are subject to capital gains tax. However, if you are a non-habitual resident, you may be eligible for certain tax benefits. It is recommended to consult with a tax advisor or accountant to understand the specific deductions and exemptions that apply to your situation.
  470235
• Dec 18, 2021 · 3 years ago
  Absolutely! Expats in Portugal who hold cryptocurrencies can take advantage of certain tax deductions and exemptions. The Portuguese tax system treats cryptocurrencies as assets, and any gains from their sale or exchange are subject to capital gains tax. However, as an expat, you may be eligible for tax benefits under the non-habitual resident regime. This regime offers significant tax advantages for foreign residents, including exemptions on certain types of income. It's important to consult with a tax professional to ensure you take full advantage of these deductions and exemptions.
  591197
• Dec 18, 2021 · 3 years ago
  Yes, there are specific tax deductions and exemptions for expats in Portugal who hold cryptocurrencies. The Portuguese tax authorities treat cryptocurrencies as assets, and any gains from their sale or exchange are subject to capital gains tax. However, as an expat, you may be eligible for tax benefits under the non-habitual resident regime. This regime offers various tax advantages, including exemptions on certain types of income. It's advisable to consult with a tax advisor to understand the specific deductions and exemptions that apply to your situation. 😉
  566142