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Is it true; no capital gains tax in Portugal on FX??
Anggota Sejak Sep 29, 2019
1 pos
Aug 30, 2020 at 09:49
Anggota Sejak Sep 29, 2019
1 pos
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!
Anggota Sejak Mar 18, 2019
98 pos
Aug 30, 2020 at 11:42
Anggota Sejak Mar 18, 2019
98 pos
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
Anggota Sejak Oct 05, 2020
9 pos
Oct 05, 2020 at 11:03
Anggota Sejak Oct 05, 2020
9 pos
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 !!!
Anggota Sejak Jun 09, 2020
36 pos
Anggota Sejak Jul 09, 2020
39 pos
Anggota Sejak Oct 09, 2020
28 pos
Anggota Sejak Jan 08, 2021
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Anggota Sejak Jan 08, 2021
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Anggota Sejak Dec 11, 2020
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Anggota Sejak Jul 14, 2021
1 pos
Jul 15, 2021 at 09:07
(diedit Jul 15, 2021 at 09:17)
Anggota Sejak Jul 14, 2021
1 pos
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.
Anggota Sejak Jul 06, 2021
1 pos
Jul 30, 2021 at 18:53
(diedit Jul 30, 2021 at 18:54)
Anggota Sejak Jul 06, 2021
1 pos
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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