![]() Fully encrypted secure email, chat, and collaboration. )ĭownload CryptoHeaven Secure and anonymous email, online storage and file sharing, instant messaging. (See also: secure and anonymous or storage and cheap backup and also document. Secure and anonymous email, online storage and file sharing, instant messaging. these are very useful for anonymous email) CryptoHeaven: Secure and anonymous email, online storage and file sharing, instant messaging. Auto Hide IP: Hide your real IP to protect your privacy automatically on the Internet. Real Hide IP: Hide your IP to protect your privacy on the Internet with the click of a button. HighVIP Protected Email: Secure and encrypted outsourced email, secure file sharing, instant messaging. Hide IP Easy: Use Hide IP Easy to hide your real IP address and protect your privacy easily. If the sale of cryptocurrencies constitutes a professional activity, the professional income would be taxed in Portugal according to the progressive rates which vary between 14,5% to 48% (an additional surcharge of 2,5% on income higher than € 80.000 and lower than € 250.000 and 5% on income higher than € 250.000 may apply).(Within our archive we collect a lot of software including: CryptoHeaven: Fully encrypted secure email, chat, and collaboration. According to the Tax Authority, these gains would only be taxed when, by its habitual, it constitutes a professional or business activity of the taxpayer, in which case it will be taxed in category B ( i.e., professional income). However, if the sale of cryptocurrencies constitutes a professional activity of the beneficiary, the income would be treated and taxed as professional income. The rule binds only the taxpayer who has requested it but can demonstrate this Authority’s understanding.Īccording to this binding ruling, income derived from the sale of cryptocurrencies is not considered as capital gains since they are not comprised in the Portuguese tax law. The Portuguese Tax Authority has already issued one binding ruling on the subject. Investment income or professional income are both open income categories and call fall into this rule. However, gains from cryptocurrencies could fall under other categories of income, such as investment income. At least from now, these gains are not taxed in Portugal. The Portuguese tax law on capital gains does not include gains derived from the sale of cryptocurrencies. However, capital gains are a closed category of income and only those specifically comprised in the tax law can be subject to tax (as gains from the sale of real estate and securities). Under a general rule, gains derived from the sale of assets are treated as c apital gains and taxed as such. We would be happy to assist you with all requests.īut how the Portuguese Tax Authority treats gains derived from cryptocurrency? Write to us, if Portuguese tax procedures are challenging. In Portugal, all Portuguese tax residents are subject to tax on their worldwide income, meaning that all income they receive must be declared to the Portuguese Tax Authority and may be subject to tax. Gains from the sale of these cryptocurrencies in Portugal, like any other income, may be subject to tax in the beneficiary’s country of residence. However, since there is no concrete legal framework for cryptocurrencies in Portugal, many queries have been raised concerning their legal framework, in particular regarding their taxation in Portugal. The most well-known is Bitcoin (“BTC”), Bitcoin Cash (“BTH”) or Ethereum (“ETH”), but there are many more in the crypto market.Ĭryptocurrencies, especially Bitcoin, are increasingly being used as investments by individuals who seek high returns. There are several cryptocurrencies around, and with different uses of their specific technology. So, they are not issued and generally controlled by any bank systems and used and accepted among members of a specific virtual community. Blockchain protects the cryptocurrency from falsification, as well as the identity of its holder.Īccording to the European Central Bank, cryptocurrencies are a type of digital money, not yet regulated or linked to any Central Bank. When a certain value is assigned, it starts to be controlled by an interconnected database system (peer-to-peer network) keeping a permanent transaction log (blockchain). In practice, Cryptocurrency realized in computer code lines. It means they are not controlled or emitted under a centralized control entity’s jurisdiction, such as a Central Bank. Crypto heaven in Portugal is still a relatively new phenomenon, so we tried to explain everything you need to learn about it so far.Ĭryptocurrency is a decentralized currency.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |