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Is it true; no capital gains tax in Portugal on FX??
Aug 30, 2020 at 09:49
Vistas 3,958
14 Replies
Miembro desde Sep 29, 2019
posts 1
Aug 30, 2020 at 09:49
Hello folks
I am wondering if by any chance there is someone who could clarify for me whether it's true or not. I discovered that in Portugal there is no capital tax gains when it come's to currencies, including cryptocurrency such as bitcoin.
I made up my mind a while ago that I am moving to Portugal, namely Algarve - without thinking about tax benefits. Now that I've looked into it, it seems that everything is starting to add up.
Anyway, I am moving to Portugal regardless. But it surely wouldn't hurt if it turns out to be a tax haven for forex traders 😎
Surely someone in this awesome community must know about this.
Thank you for reading the post.
May God bless
I am wondering if by any chance there is someone who could clarify for me whether it's true or not. I discovered that in Portugal there is no capital tax gains when it come's to currencies, including cryptocurrency such as bitcoin.
I made up my mind a while ago that I am moving to Portugal, namely Algarve - without thinking about tax benefits. Now that I've looked into it, it seems that everything is starting to add up.
Anyway, I am moving to Portugal regardless. But it surely wouldn't hurt if it turns out to be a tax haven for forex traders 😎
Surely someone in this awesome community must know about this.
Thank you for reading the post.
May God bless
You can make a million excuses or a million dollars... But you can't make both!
Miembro desde Mar 18, 2019
posts 97
Aug 30, 2020 at 11:42
MikulovicFX posted:
Hello folks
I am wondering if by any chance there is someone who could clarify for me whether it's true or not. I discovered that in Portugal there is no capital tax gains when it come's to currencies, including cryptocurrency such as bitcoin.
I made up my mind a while ago that I am moving to Portugal, namely Algarve - without thinking about tax benefits. Now that I've looked into it, it seems that everything is starting to add up.
Anyway, I am moving to Portugal regardless. But it surely wouldn't hurt if it turns out to be a tax haven for forex traders 😎
Surely someone in this awesome community must know about this.
Thank you for reading the post.
May God bless
tbhi dont think so, definitely not heard of that before for portugal
Miembro desde Oct 05, 2020
posts 6
Oct 05, 2020 at 11:03
Realy. Portugal is one of the most friendly countries in the world for trading and crypto.
No capital tax gains.
Problem is COVID because needs of increase taxes is too high for goverment, and nobody knows what will happen in next future.
Also, good place to live. Good climate, good food, and low cost live spends. Realy a good option to move to.
No capital tax gains.
Problem is COVID because needs of increase taxes is too high for goverment, and nobody knows what will happen in next future.
Also, good place to live. Good climate, good food, and low cost live spends. Realy a good option to move to.
99% of winning rate is possible !!!
Miembro desde Jun 09, 2020
posts 29
Oct 09, 2020 at 11:01
If it is about taxes, you should always get in touch with your CPA and not search for them on the internet if you want clear information.
Miembro desde Jul 09, 2020
posts 30
Oct 15, 2020 at 05:22
It is true that Portugal is a very good country when it comes to trading. It is very popular among the residents of Portugal and the Forex brokers don’t necessarily have to be authorized.
Miembro desde Oct 09, 2020
posts 18
Nov 09, 2020 at 11:57
If you are looking for taxes, I suppose it will be better if you get in touch with your CPA.
Miembro desde Jan 08, 2021
posts 2
Jan 08, 2021 at 14:43
what is CPA?
Miembro desde Dec 11, 2020
posts 16
Feb 09, 2021 at 05:26
You should contact the local authorities or some local office for this information. This will give you a correct and trustworthy answer.
Miembro desde Jul 14, 2021
posts 1
Jul 15, 2021 at 09:07
(editado Jul 15, 2021 at 09:17)
A friend of mine lives in Portugal, and he confirmed this. Cryptocurrency in Portugal is treated the same as any other currency, which means that cryptocurrencies are exempt from paying VAT. Worldwide capital gains and losses are generally included in ordinary taxable income. 13 FX gain or loss should qualify as revenue or cost not benefiting from the specific rules applicable to capital. If you have been interested in this problem, I advise you to go on this site https://www.global-accountant.net/the-trust-fund-recovery-pendy-investigation/. You will find the answers.
Miembro desde Jul 06, 2021
posts 1
Jul 30, 2021 at 18:53
(editado Jul 30, 2021 at 18:54)
croisssan posted:
Honestly, this is the first time I've heard of this.
https://www.google.com/amp/s/www.dinheirovivo.pt/literacia-financeira/consultorio/amp/os-rendimentos-com-criptomoedas-tem-de-ser-declarados-no-irs-12686234.html
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