Portugal's Non-Habitual Resident (NHR) program has transformed how people seek tax efficiency with crypto assets. As the NHR undergoes changes, it's key to grasp how crypto taxation works for those thinking about moving to Portugal. What is the NHR Portugal Program?...
As cryptocurrencies continue to gain popularity and adoption worldwide, investors and traders need to understand the tax implications of their crypto activities. In Portugal, crypto taxes have undergone significant changes in recent years, making it crucial for...
Madeira Island has emerged as a burgeoning hub in the dynamic world of cryptocurrency, attracting a global audience for its unique business opportunities. However, for crypto trading and exchange companies, navigating the landscape involves understanding the interplay...
As the cryptocurrency market continues to evolve, governments around the world are grappling with the challenge of regulating and taxing this new form of digital currency. Portugal, in particular, has recently implemented a specific tax regime for cryptocurrencies,...
Cryptocurrency has become an increasingly popular form of investment and transaction worldwide. As more individuals and businesses enter the crypto space, it is essential to understand the tax implications and regulations surrounding these digital assets. Portugal,...
Portugal Crypto Tax Haven to end in 2023 The Assembly of the Republic approved a “new crypto asset taxation regime” with “the aim to create a broad and appropriate tax framework applicable to crypto assets, in terms of taxation of income and wealth” from FY2023...
Portugal Crypto Tax in 2023 ought to become a reality. "The Portuguese Government determines in the draft State Budget for 2023 that capital gains obtained with crypto assets "held for less than a year" will now pay a rate of 28% "without prejudice to the aggregation...
In Portugal, a country viewed as a tax haven for investors in this industry, crypto-assets, including cryptocurrencies, will be subject to taxation. Current law does not allow for personal income tax to be levied on the sale of crypto-assets unless some conditions are...
Crypto tax in Portugal and Madeira under analysis Recent developments are expected concerning crypto tax in Portugal and Madeira. The Portuguese Tax and Customs Authority (AT) is investigating, under orders issued in 2021 by the Secretary of State for Tax Affairs of...
Capital Gains Tax in Portugal: how does it work? Capital gains are taxed differently in Portugal, depending on how they are created and the taxpayer’s tax residence status. The following is a broad overview of the country’s current capital gains taxes regime....