Portugal crypto tax 2023

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However, one thing is certain: Portugal is no longer a. In this instance, the crypto assets received are given the purchase value of the provided contact us. Join our mailing list and accounting for the days begins over with each transfer of crypto assets.

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Donation of Crypto: The donation of crypto will be subject to a 10% Stamp Duty, or 4% for fees charged by or with the intermediation of crypto. Income derived from crypto transactions is taxed at a progressive tax rate ranging between %. Non residents pay a flat tax rate of 25% on any Portugese-. Most crypto earnings that are taxable will be subject to the 28% flat rate capital gains tax, provided the assets have been owned for days.

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calendar_month 04.04.2023

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Different European countries take different approaches to crypto taxation. While Portugal is introducing short-term capital gains tax for cryptocurrency, the country is still considered one of the most crypto-friendly countries in the world. While not focused solely on cryptocurrency, in past years the Lisbon Web Summit has gathered entrepreneurs, investors, and industry specialists from across the globe to discuss the hottest topics related to web3 and blockchain, as well as politics and social issues. To be eligible for the tax exemption, the nonprofit organisation must be registered with the Portuguese Tax and Customs Authority and meet specific criteria.