“Portugal currently does not tax crypto gains unless they come from professional or business activities,” Bloomberg writes.
But under the proposed 2023 budget, the country “would tax gains on crypto holdings held for less than one year at a rate of 28%,” according to Bloomberg.
Related
“CTT has maintained, throughout its 170 years as official stamp issuers, an excellent reputation for technological development and artistic innovation”, says CTT Philately Director, Raul Moreira, according to TPN. Hmm.
In the battle for the elusive digital nomads, who will win, Spain or Portugal — and what will it mean?
The country’s 20% income tax rate under the Non-Habitual Resident regime is a big draw…READ MORE
Party pooper! But yeah, looks like the party that is crypto-living in Portugal could be coming to an end
Portugal is, after all, considered a tax haven for crypto adherents because capital gains on it are not subject to tax in the country…READ MORE Related: Portugal’s Madeira is adopting
“As a rule, institutional clients look for custody. Today there are already ‘hedge funds’ with outsourced custody and that’s where we want to go”, Pedro Borges, CEO of the former
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