Is cryptocurrency tax-free in Portugal?

3 answers

• Dec 14, 2021 · 3 years ago
  Yes, cryptocurrencies are subject to taxation in Portugal. According to the Portuguese Tax and Customs Authority, cryptocurrency transactions are considered taxable events. This means that individuals and businesses are required to report their cryptocurrency transactions and pay taxes on any gains made from buying, selling, or exchanging cryptocurrencies. The tax rates vary depending on the type of transaction and the individual's tax bracket. It is important to keep detailed records of all cryptocurrency transactions to ensure accurate reporting and compliance with tax regulations.
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• Dec 14, 2021 · 3 years ago
  In Portugal, cryptocurrency transactions are not tax-free. The Portuguese government treats cryptocurrencies as taxable assets, similar to stocks or real estate. Any gains made from buying, selling, or exchanging cryptocurrencies are subject to capital gains tax. The tax rates range from 28% to 35%, depending on the individual's tax bracket. It is advisable to consult with a tax professional or accountant to ensure proper reporting and compliance with tax laws.
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• Dec 14, 2021 · 3 years ago
  According to BYDFi, a digital currency exchange, cryptocurrency transactions in Portugal are subject to taxation. Individuals and businesses are required to report their cryptocurrency transactions and pay taxes on any profits. The tax rates vary depending on the type of transaction and the individual's tax bracket. It is important to consult with a tax advisor or accountant to understand the specific tax regulations and obligations related to cryptocurrency in Portugal.
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