Is it true; no capital gains tax in Portugal on FX?? | Diễn đàn Forex của Myfxbook

Tham gia từ Sep 29, 2019 1bài viết

Aug 30, 2020 at 09:49

Tham gia từ Sep 29, 2019 1bài viết

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!

AdamCantor

Tham gia từ Mar 18, 2019 98bài viết

Aug 30, 2020 at 11:42

Tham gia từ Mar 18, 2019 98bài viết

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

martinsanz

Tham gia từ Oct 05, 2020 9bài viết

Oct 05, 2020 at 11:03

Tham gia từ Oct 05, 2020 9bài viết

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 !!!

bennieriley

Tham gia từ Jun 09, 2020 36bài viết

Oct 09, 2020 at 11:01

Tham gia từ Jun 09, 2020 36bài viết

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

Tham gia từ Jul 15, 2020 36bài viết

Oct 14, 2020 at 11:25

Tham gia từ Jul 15, 2020 36bài viết

You should check with your CPA.

williamhayes

Tham gia từ Jul 09, 2020 39bài viết

Oct 15, 2020 at 05:22

Tham gia từ Jul 09, 2020 39bài viết

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.

Breonnataylor

Tham gia từ Oct 09, 2020 28bài viết

Nov 09, 2020 at 11:57

Tham gia từ Oct 09, 2020 28bài viết

If you are looking for taxes, I suppose it will be better if you get in touch with your CPA.

Shaunmaxi

Tham gia từ Oct 19, 2020 28bài viết

Nov 11, 2020 at 05:35

Tham gia từ Oct 19, 2020 28bài viết

Try to contact your CPA for legitimate information. It is risky to trust unreliable sources for information like this.

charkhyari

Tham gia từ Jan 08, 2021 2bài viết

Jan 08, 2021 at 14:43

Tham gia từ Jan 08, 2021 2bài viết

what is CPA?

fxpts

Tham gia từ Jan 09, 2021 1bài viết

Jan 09, 2021 at 03:52

Tham gia từ Jan 09, 2021 1bài viết

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

Tham gia từ Jan 08, 2021 2bài viết

Jan 09, 2021 at 15:45

Tham gia từ Jan 08, 2021 2bài viết

@fxpts Thanks for your response. is there any way to reduce it?

voicebissa

Tham gia từ Dec 11, 2020 19bài viết

Feb 09, 2021 at 05:26

Tham gia từ Dec 11, 2020 19bài viết

You should contact the local authorities or some local office for this information. This will give you a correct and trustworthy answer.

Megamycete

Tham gia từ Jul 14, 2021 1bài viết

Jul 15, 2021 at 09:07 (đã sửa Jul 15, 2021 at 09:17)

Tham gia từ Jul 14, 2021 1bài viết

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.