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Is it true; no capital gains tax in Portugal on FX??

MikulovicFX
Aug 30 2020 at 09:49
1 příspěvků
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

You can make a million excuses or a million dollars... But you can't make both!
Adam Cantor (AdamCantor)
Aug 30 2020 at 11:42
98 příspěvků
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

Martin (martinsanz)
Oct 05 2020 at 11:03
9 příspěvků
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.

99% of winning rate is possible !!!
Bennie Riley (bennieriley)
Oct 09 2020 at 11:01
36 příspěvků
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.

lauranutt
Oct 14 2020 at 11:25
36 příspěvků
williamhayes
Oct 15 2020 at 05:22
39 příspěvků
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.

Marshshaun
Nov 09 2020 at 09:39
31 příspěvků
When trading forex, the taxation system has constantly been on my mind. I am not sure if I should contact my CPA for this or not.

Breonnataylor
Nov 09 2020 at 11:57
28 příspěvků
If you are looking for taxes, I suppose it will be better if you get in touch with your CPA.

Shaunmaxi
Nov 11 2020 at 05:35
28 příspěvků
Try to contact your CPA for legitimate information. It is risky to trust unreliable sources for information like this.

Harshalgibbs
Nov 11 2020 at 09:42
54 příspěvků
Try to contact your CPA as far as your taxes are concerned. This will help you get some clarity.

charkhyari
Jan 08 2021 at 14:43
2 příspěvků
fxpts
Jan 09 2021 at 03:52
1 příspěvků
this is not true. in portugal you just don't pay tax on profits on investments in cryptocurrencies (buying and selling).

Everything that is trading / forex you have to pay 28%

charkhyari
Jan 09 2021 at 15:45
2 příspěvků
@fxpts Thanks for your response. is there any way to reduce it?

voicebissa
Feb 09 2021 at 05:26
19 příspěvků
You should contact the local authorities or some local office for this information. This will give you a correct and trustworthy answer.

keyaanhenry
Feb 26 2021 at 04:24
18 příspěvků
You should check with someone who belongs to that region for some clarity.

Megamycete
Jul 15 2021 at 09:07
1 příspěvků
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.

CakeMoss
Jul 30 2021 at 10:58
9 příspěvků
If I open an account in Portugal can I then avoid tax if I live in Germany?

croisssan
Jul 30 2021 at 18:50
658 příspěvků
Honestly, this is the first time I've heard of this.

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