The Portuguese Congress, Assembly given RepublicI rejected two separate bills focused on taxing cryptocurrency transactions. The proposals were made by the left-wing parties Book and to block Left.
Crypto transactions in Portugal remain tax-free
Already in recent weeks, the country’s finance minister, Fernando medinato reveal a government project. The visa project will start impose capital gains tax on profits from digital assets. Without setting a deadline, the politician argued that tax legislation should be adequate and establish justice and efficiency. I also consider that Portugal should follow the example of other countries who have already implemented such policies.
“This is an area in which there is a lot more knowledge. Much more progress so that Portugal can learn from international experiences.”
Two political parties in the country have made proposals on what the fiscal framework should address. You left part Claim that there is a tax that should be levied on those who earn more than 5,000 euros ($5,300) per year of profits thanks to cryptocurrencies.
However, gentlemen of the 2022 budget voting meeting this week, heAssembly given Republic of rejected both proposals. Furthermore, you Socialist Party in power, who holds the majority in the Legislative Assembly, does nota so far filed with a tax invoice.
To discover: The Uruguayan government announces the launch of a campaign against banks based on cryptocurrency.
Portugal has become an attractive destination for Ukrainians
Additionally, you Portugal It has become a cryptocurrency hub. This in part thanks to its friendly stance on the industry. Actually, bitcoin and them altcoins They are all considered debt, and individual investors are exempt from taxes when profiting from the asset class. However, those who owe the cryptocurrencies in a professional or commercial capacity are still subject to certain taxes.
Consistent pair, many Ukrainians seeking refuge after the Russian invasion they run massively in Portugal. Moreover, the country is the fifth largest group of foreigners. Their names have nearly doubled to over 52,000 since the war with Russia.
Bonus: Huobi announces the acquisition of Latin American stock exchange Bitex for its stay in the region.