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Is it true; no capital gains tax in Portugal on FX??
Medlem sedan Sep 29, 2019
1 inlägg
Aug 30, 2020 at 09:49
Medlem sedan Sep 29, 2019
1 inlägg
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!
Medlem sedan Mar 18, 2019
98 inlägg
Aug 30, 2020 at 11:42
Medlem sedan Mar 18, 2019
98 inlägg
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
Medlem sedan Oct 05, 2020
9 inlägg
Oct 05, 2020 at 11:03
Medlem sedan Oct 05, 2020
9 inlägg
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 !!!
Oct 14, 2020 at 11:25
Medlem sedan Jul 15, 2020
36 inlägg
You should check with your CPA.
Nov 11, 2020 at 05:35
Medlem sedan Oct 19, 2020
28 inlägg
Try to contact your CPA for legitimate information. It is risky to trust unreliable sources for information like this.
Medlem sedan Jan 08, 2021
2 inlägg
Jan 09, 2021 at 03:52
Medlem sedan Jan 09, 2021
1 inlägg
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%
Everything that is trading / forex you have to pay 28%
Medlem sedan Jul 14, 2021
1 inlägg
Jul 15, 2021 at 09:07
(redigerad Jul 15, 2021 at 09:17)
Medlem sedan Jul 14, 2021
1 inlägg
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.
Jul 30, 2021 at 10:58
Medlem sedan Jul 23, 2021
9 inlägg
If I open an account in Portugal can I then avoid tax if I live in Germany?
Medlem sedan Jul 06, 2021
1 inlägg
Jul 30, 2021 at 18:53
(redigerad Jul 30, 2021 at 18:54)
Medlem sedan Jul 06, 2021
1 inlägg
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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