The announcement came at the same time that the Internal Revenue Service (IRS) has announced a crackdown on cryptocurrency (more on that here). However, Portugal has taken the opposite tack: it made clear that buying or selling cryptocurrencies would not be subject to capital gain taxes or value-added tax (VAT). The PTA previously clarified in 2016 (downloads in Portuguese as a PDF) that buying or selling cryptocurrency in Portugal would not be considered a taxable event which means that it’s not subject to tax. There are exceptions: the receipt of cryptocurrency in exchange for goods or services doesn’t change the tax treatment of the original transaction, and taxpayers who deal in cryptocurrency as a professional or business activity are still subject to some taxes.
Read More Here
Posted using Partiko Android
Thank you my good friend 🙏
Great work, nice to meet you @melip
Thank you 🙏
@melip You have received a 100% upvote from @botreporter because this post did not use any bidbots and you have not used bidbots in the last 30 days!
Upvoting this comment will help keep this service running.
Howdy dear @melip.
I remember when we heard about that news about 10K warning letters sent by the Internal Revenue Service (IRS) to US citizens in the middle of the year.
I particularly considered this as an offensive that sought to create negative patterns of opinion about the crypto market. Interestingly, these actions were accompanied by statements by President Trump saying that the crypto "was not real money."
This decision by the Portuguese authorities should be taken as an example in many other countries and support the marketing of crypto assets.
Your Friend, Juan.
Great to hear from you my friend. Thank you for sharing your insight 🙏
It is always a pleasure to read your writings dear friend.
Good to see the clouds cleared up from that thing big boost coming