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New cryptocurrency tax in Portugal on the horizon? Cryptocurrency tax in Portugal is looming, and it might occur sooner rather than later. Although the current tax regime on cryptocurrency is not transparent, many understand Portugal to be a tax haven for crypto...
Portugal Crypto Tax: Absence of Law Portugal has no tax legislation (crypto tax) nor provisions on cryptocurrencies and crypto-assets. Further to the current absence of tax legislation on crypto assets, the Portuguese Tax and Customs Authority (AT) has only issued a...
Accounting rules Corporate tax on crypto currencies is not as complex, as in the case with the Portuguese personal income tax. First and foremost, one must first consider that, currently, there are no specific accounting rules for crypto assets. Furthermore, in the...
In September 2009 Portugal introduced the Non-Habitual Resident (NHR) scheme, in other words, its own Expat Tax Regime. Under the NHR scheme, expats can invoke special taxation rights (benefits), for a consecutive ten-year period, on their foreign and Portuguese...
Portugal: A Crypto Tax Mess Portugal has no tax legislation (crypto tax) nor provisions on cryptocurrencies and crypto-assets. Given this current absence of tax legislation on crypto assets, the Portuguese Tax and Customs Authority (AT) has issued a tax ruling on the...
First and foremost, it is essential to understand that Portugal has no tax legislation (crypto tax) nor provisions on cryptocurrencies and crypto-assets. Given this current absence of tax legislation on crypto assets, the Portuguese Tax and Customs Authority (AT) has...
Banco de Portugal (the Portuguese Central Bank) will assume the powers of supervision of entities that exercise services for the exchange, transfer or custody of virtual assets, with respect to compliance with the preventive rules on money laundering and terrorism...
The evolution of the currency has been raised to a completely digital level, and it may currently have no physical representation, being only in a bank account in the form of a computer record, consisting of a monetary value registered, for example on your smartphone....
Portuguese Central Bank's position on cryptocurrencies Since there is no central entity that guarantees the irremovability and finality of payment orders, the virtual currency cannot be considered a safe currency, as there is no certainty of its acceptance as a means...